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Minutes-01/25/2007 PDF Print E-mail
Written by Bryce McGlothlin   
Tuesday, 22 February 2011 10:29



January 25, 2007


The Board of School Trustees of the Bloomfield School District, of Greene County, Indiana, met in special session on January 25, 2007, at 7:00 p.m. in the jr/sr high school conference room at Bloomfield Junior/Senior High School, 501 W. Spring Street, Bloomfield, Indiana. The following school board members were present:  Steve Dowden, Doug Frye, Keith Hanauer, Marvin Helms, Robert Kirk, Sandy Parkes May and Eric Moody.     The Board of Finance president, Steve Dowden, called the special meeting to order at approximately 7:00 p.m.  The following order of business was transacted with the President presiding:


1.   Quorum Established.  Board of Finance president Steve Dowden stated that a quorum was present for the meeting. 


2.  Board Membership Elected to the Board of Finance of the Bloomfield School District.    Steve Dowden was elected president of the Board of Finance in January of 2006 and was required to conduct this part of the meeting.  Mr. Dowden explained that the Board of Finance was required to nominate a president and a secretary each year.  Keith Hanauer nominated Steve Dowden to serve as president of the Board of Finance for 2007.  Nominations were closed.  Doug Frye seconded the motion.  Steve Dowden was named president of the Board of Finance for 2007 by a 6-0-1 vote.  Mr. Dowden abstained from voting.  Doug Frye nominated Robert Kirk to serve as secretary of the Board of Finance for 2007.  Nominations were closed.  Marvin Helms seconded the motion.  Robert Kirk was named secretary of the Board of Finance by a 6-0-1 vote.  Mr. Kirk abstained from voting.


3.  Depositories Identified By The Board.  Superintendent Sichting announced that the official minutes should state that the depositories used for revenue for the Bloomfield School District are Bloomfield State Bank, Main Source Bank, and Farmers and Mechanics Federal Savings and Loan Association. 


4.  School District Investment Policy Reviewed.  Superintendent Sichting explained that as the school district’s cash flow allows, money is invested in Certificates of Deposit (CD). He said that in the event that this is the case, the Treasurer contracts three banks and asks for their interest rate for short-term investments.   He shared that during 2006 Bloomfield School District was able to purchase a Certificate of Deposit (CD).  (See attached)  This was an information only item.


5.  Adjournment.   There being no further business, Marvin Helms moved to adjourn.   Doug Frye seconded the motion.  The meeting was then adjourned by a 7-0 vote.