The Tri-County R-7 Board of Education approved a certificate of deposit investment bid during its meeting on Monday night.
According to information provided by Superintendent David Probasco, a bid from Home Exchange Bank was accepted for a $500,000 certificate of deposit investment. The 12-month term was at a rate of 2.15 percent. The board also agreed to cash a CD maturing in October to maintain necessary cash on hand until local tax dollars are received in December and January. The money will be reinvested at that time.
Bus routes for the 2018-19 school year were approved as well as a list of fundraising requests presented by administration. The board discussed the budget, but took no action. Reports were heard from the superintendent and principal and a legal update was given.
An executive session was held regarding personnel. The board approved an updated substitute teacher list as presented by administration.
The next meeting of the board will be at 6 p.m. on Tuesday, Oct. 9 in the superintendent’s office at the school in Jamesport.
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