For School Board
On day 1, requested to have visual proof available of account balances,
and follow the Robert’s Rules standard of not taking action on Treasurer’s report
Every bank account balance now is provided for the public and no more inappropriate votes are taken on the treasurer’s report
Immediately, with1st statement, I realized that we were only making 0.03% interest on checking accounts!
Fees wiped out any interest made on the General Fund Checking account.
This account alone held between 2 and 3 MILLION dollars at all times.
This was an unacceptable misuse of our dollars.
When this was brought up to the business manager, it was corrected with the bank nearly immediately. Apparently, this had been discussed with the bank before, but the business manager didn’t continue to pursue this obvious loss of income, losing the district thousands of potential income. Thanks to this change, we earned over $25,800 additional interest on the affected accounts in 2024.
After beginning to earn higher interest on checking accounts, I questioned why the balances were so high in these low interest accounts, and requested a change to more active management to keep money in the higher interest savings accounts
Isn’t 4.5% better than 1%? Yes. With the pressure of my regular questioning and new visibility of the account balances, the business manager made some changes to keep more money in the higher interest-bearing accounts- averaging around a million dollars shifted. This move netted us approximately another $44,700 in interest revenues in 2024 alone!
1 argument+1 accusatory email+1 watchful, questioning board member each month= $70,582 extra money in year 1,
and a sustained $5,800 extra in interest (not from your tax check!) each month!
YES. Your vote does matter!