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Floodwood board names bank depositories, approves facsimile signatures and sets mileage rate
Summary
The board named NorthView Bank and the Minnesota School District Asset Fund (MSDLAF) as official depositories, approved temporary use of facsimile signatures if chair or clerk change, and set the 2025 mileage reimbursement at $0.70 per mile.
The board designated NorthView Bank and the Minnesota School District Asset Fund (MSDLAF) as the district’s official depositories by motion of Tracy Hutchinson, seconded by Tanya Johnson; the motion carried unanimously.
Members also approved the temporary use of current facsimile signatures in the event the chair or clerk change, and set the mileage reimbursement rate for 2025 at the current IRS rate of $0.70 per mile for employees unless a contract specifies otherwise. The board additionally moved, by Hutchinson and seconded by Suonvieri, to consider a resolution regarding school board compensation for 2025; the minutes record the motion carried but do not include the resolution language.
