South Gibson School Corporation Board of Finance Meeting

1. CALL TO ORDER
Mr. Benson Davenport, President of the Board of Finance

Minutes

The meeting was called to order at 7:04 PM.


2. REPORTS
Mr. Tim Armstrong, Assistant Superintendent

Institution    Account Type     Balance

Fifth Third    Checking         $9,103,718.87

Fifth Third    Money Market  $4,373,493.22

Subtotal: Fifth Third            $13,477,212.09

United Fidelity Cash Balance $2,028,175.20

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Total Cash Holdings    $15,505,387.29

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Interest income for the year was $144,460.49


3. ADJOURNMENT
Mr. Benson Davenport, President of the Board of Finance

Minutes

After discussion of the fund balances, Rachael Hileman made a motion to adjourn at 7:10 PM.  Eric Harper seconded the motion, and the board adjourned for the evening.

Result: Approved

Motioned: Mrs. Rachael Hileman, Vice President of Board

Seconded: Mr. Eric Harper, Secretary of the Board of Finance

VoterYesNoAbstaining
Mrs. Robin Angermeier, Secretary of the BoardX  
Mr. Michael Bengert, President of BoardX  
Mr. Steve Gruszewski, Board MemberX  
Mrs. Rachael Hileman, Vice President of BoardX  
Stacy McClellan, Board Member   
Mr. Eric Harper, Secretary of the Board of FinanceX  
Mr. Benson Davenport, President of the Board of FinanceX