ALGONA COMMUNITY SCHOOL DISTRICT
June 12 2023
The Board of Directors of the Algona Community School District, in the County of Kossuth, State of Iowa, met in regular session in the Boardroom, Performing Arts Center, 600 S. Hale Street, Algona, Iowa on the above date.
Present: Davis, Louwagie, Bartelt, Nugent, Vinci
Absent: Owen, Limbaugh
Others Present: Superintendent Carter, Board Secretary Chapman, Lany Mitchell, Radio Mike Vandy
PLEDGE OF ALLEGIANCE
All motions are unanimously approved unless noted.
Approve Agenda: Vinci moved to approve the agenda as presented. Seconded by Louwgie. Motion carried.
Consent Items: Vinci moved to approve the consent items and Nugent seconded. Motion carried.
Superintendent Report: Superintendent Carter reviewed ISASP data and gave a financial review. Carter also asked the board to look at dates for the board retreat in August.
NEW BUSINESS
700 Series Board Policies Second Reading: Nugent moved to approve the 700 Series policies. Changes were made to policy 701.2 Transfer of Funds and 708 Care and Maintenance and Disposal of School Records. Both policy changes were made in accordance with legislation. Bartelt seconded. Motion carried.
800 Series Board Policies First Reading: A first reading of the 800 Series Buildings and Sites was read.
Resolution to Transfer Funds for Safety Equipment:
RESOLUTION TRANSFERRING FUNDS FOR SAFETY EQUIPMENT
June 12, 2023
RESOLVED, that the Board of Education of the Algona Community School District in Kossuth County, Iowa approved the transfer of $13,459.66 from the general fund to the student activity fund for protective and safety equipment expenses in the 2022-2023 school year.
Motion By: Louwagie
Second By: Vinci
Ayes: Davis, Louwagie, Bartelt, Nugent, Vinci
Nays: None
Absent: Owen, Limbaugh
Motion carried.
Approve Addition to Bank Depositories (for Reorganization Purpose) _
Bank Depository Resolution-Updated June 12, 2023
(Includes funds acquired from reorganization)
RESOLVED, that the Board of Education of the Algona Community School District in Kossuth County, Iowa updated the approved list of financial institutions and the maximum balances for the Algona Community School District funds in conformance with all applicable provisions of Iowa Code Chapter 12C. The Treasurer is hereby authorized to deposit the Algona Community School District funds in amounts not to exceed the maximum approved for each financial institution as set out below:
DEPOSITORY NAME LOCATION MAXIMUM BALANCE
Iowa State Bank Algona, Iowa $10,500,000
Farmers State Bank Algona, Iowa $8,000,000
Northwest Bank Algona, Iowa $9,000,000
Security State Bank Lu Verne, Iowa $3,400,000
UMB Des Moines, Iowa $20,000,000
Motion by: Nugent
Seconded by: Louwagie
Ayes: Davis, Louwagie, Bartelt, Nugent, Vinci
Nays: None
Absent: Owen, Limbaugh
Motion carried.
Louwagie moved to enter into Closed Session at 7:15pm to 21.5(i) To evaluate the professional competency of an individual whose appointment,hiring, performance, or discharge is being considered when necessary to prevent needless and irreparable injury to that individual’s reputation and that individual requests a closed session. Bartelt seconded. Ayes: Louwagie, Bartelt, Davis, Nugent, Vinci.
Exit closed session at 8:16pm.
Adjourn: Nugent moved to adjourn at 8:18pm. Seconded by Vinci. Motion carried.
Board President Board Secretary
