The discussion of the loan for the capital campaign was on March 11, 2013. The podcast is available on my website, March 11, 2013 School Board Discussion Meeting Podcast
If that link doesn't work, here is the podcast to download. Agenda is posted here and saved in Google Docs here.
Who is Capital Campaign Counsel? Why it is Pursuant Ketchum with lead consultant being Elliott Oshry for the low, low price of $184,000 paid over two years. Where does it say all that in the meeting minutes from the following week? Another Right To Know for the Consulting Services Agreement with Pursuant Ketchum, I guess.
God Bless Scott Goldman. He asked the important questions twenty seven minutes into the meeting. Jan Klein said that $200,000 may be used as seed money for the campaign. It would be done via a transfer of assets, something she does frequently. It would be listed as a loan to be paid to the General Fund. It would not be included in the base budget. No problem, because this campaign will be self sufficient and it would be paid off. Jan said that it isn't permitted unless it is a loan to be paid off! It was not voted on because Jan said they do that all the time. It would be in a separate fund. Yikes!
So the loan/investment seed money was never approved by the school board!!!
If that link doesn't work, here is the podcast to download. Agenda is posted here and saved in Google Docs here.
Capital Campaign Counsel – The Board will discuss the engagement of Campaign Counsel for a potential Capital Campaign.
Who is Capital Campaign Counsel? Why it is Pursuant Ketchum with lead consultant being Elliott Oshry for the low, low price of $184,000 paid over two years. Where does it say all that in the meeting minutes from the following week? Another Right To Know for the Consulting Services Agreement with Pursuant Ketchum, I guess.
God Bless Scott Goldman. He asked the important questions twenty seven minutes into the meeting. Jan Klein said that $200,000 may be used as seed money for the campaign. It would be done via a transfer of assets, something she does frequently. It would be listed as a loan to be paid to the General Fund. It would not be included in the base budget. No problem, because this campaign will be self sufficient and it would be paid off. Jan said that it isn't permitted unless it is a loan to be paid off! It was not voted on because Jan said they do that all the time. It would be in a separate fund. Yikes!
So the loan/investment seed money was never approved by the school board!!!