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Fillmore Central gives preliminary go ahead to bond for retiree benefits


Fri, Sep 26th, 2008
Posted in Education

Jim Schmidt from Springsted spoke to the Fillmore Central School Board at their Tuesday, September 23 meeting, about bonding for Other Post Employment Benefits (OPEB). State legislation allows for school districts to bond to pay for retiree benefits. The district would then be able to levy to pay off the debt on the bond.

Post Employment Benefits include health insurance for district retirees who receive the benefit until they are 65. Right now Fillmore Central pays retiree benefits out of the General Fund. Bonding for the money would free up those funds to be used elsewhere.

Once bonds are sold, the funds are placed in a trust. Schmidt recommended going with PERA (Public Employees' Retirement Association), and he also recommended going with a revocable trust instead of irrevocable, as it will allow for more flexibility. According to Schmidt, putting the money in a trust will allow the district more long term investment possibilities.

The school board passed a resolution to proceed with OPEB bonding as the deadline to notify the Department of Education is September 30. The district is awaiting results of an actuarial study that will show the exact amount of the potential retiree liability. The district can bond for all or part of the total liability.

The school board will discuss the implications of OPEB bonding at their next meeting, including whether to issue bonds as well as the tax impact it would have on property taxes.

Schmidt said if the district proceeds they would look at selling the bonds in November or December.

The board also approved the preliminary tax levy payable in 2009 for $1,402,993.70. This amount is up $56,000 from last year's levy.

Superintendent Evaluation

Chairperson Sue Sikkink said that she and vice-chair Deb Ristau met with Myrna Luehmann regarding her job performance as Superintendent during the last school year. A survey was sent to 17 administrator's and school board members for feedback.

Thirteen surveys were returned. Sikkink said that one of the weaknesses people noted was communication skills. Luehmann's strengths were her dedication to the district and her financial knowledge. Sikkink and Ristau talked with Luehmann about working on her communication skills and setting goals for the future. In all, Sikkink said it was a good evaluation and Luehmann is doing a good job.

Ristau mentioned the survey used is the same one that was used to evaluat .....
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Lanesboro School makes plans to improve math scores

Fri, Sep 19th, 2008
Posted in Education

School is in session and it would appear all is running smoothly because the Lanesboro School Board met with a short and efficient agenda on September 18th.

The annual report on curriculum, instruction and student performance was discussed. ..... 
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R-P board approves levy increase of 9 percent

Fri, Sep 19th, 2008
Posted in Education

Rushford - The Rushford-Peterson school board approved a levy increase for 2008, payable 2009, of 9% or approximately $72,000.

The increase comes about through increases in general expenses and community education, according to superintenden ..... 
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Kingsland School Board discusses 2009 levy

Fri, Sep 19th, 2008
Posted in Education

The Kingsland School Board met on the evening of Thursday September 11 and took several agenda items under advisement.

The main item was the Board certifying the Proposed Property

Tax Levy for Payable 2009. The actual dollar amount ..... 
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Fillmore Central to study using bonds to pay retiree benefits

Fri, Aug 29th, 2008
Posted in Education

HARMONY - With the 2008-09 school year just a week away, the Fillmore Central School Board met on Tuesday, August 26, in the high school media center to finalize last minute plans for the upcoming school year.

OPEB Bonding

The 2008 M ..... 
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Rushford-Peterson joins Minnesota Schools Food Buy Group

Fri, Aug 29th, 2008
Posted in Education

RUSHFORD - At its monthly meeting last Monday, August 25, the Rushford-Peterson School Board approved Superintendent Chuck Ehler's recommendation that the district join a food buying co-op, the Minnesota Schools Food Buy Group, as the most recent co ..... 
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Kingsland School Board meets in new high school

Fri, Aug 22nd, 2008
Posted in Education

The first Kingsland School District School Board meeting was held Monday night, August 18 in the new High School cafeteria.

The building Project Update was given by Pat Simpkins of the DLR Group. He said that the project is winding down to ..... 
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Lanesboro Schools looks into security system

Fri, Aug 22nd, 2008
Posted in Education

Teenaged boys in orange and black jerseys clustered around the doors of the Lanesboro School on a cool, rainy Thursday evening as the school board gathered inside to address the upcoming year. Fall was in the air.

Principal Brett Clarke pres ..... 
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Fillmore Central sells parcel of land in Harmony

Fri, Aug 1st, 2008
Posted in Education

PRESTON - The Fillmore Central School Board held a very short special meeting on July 30 to cover a few key issues that couldn't wait until the board's next official meeting on August 26.

The school district recently learned that they owned ..... 
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