1.
Call to Order
Natalie Lile, Chairperson
Chuck Fletcher, Vice Chair
BeLinda Henson, Board Member
Larry Perkins, Board Member
Justin Watterson, Board Member
Mark Kopp, Superintendent
2.
Approve Hearing Officer's Report
The District Facilities Plan Public Hearing Officer's Report is presented for review and approval.
Approve the Hearing Officer's Report
Order #2022-1169 - Motion Passed: Approve the Hearing Officer's Report passed with a motion by Mr. Larry Perkins and a second by Ms. BeLinda Henson.
3.
Fidelity Bond of Treasurer
Fidelity Bond requirements are summarized in KRS 160.560 and KAR 3:080. Each year the treasurer and other employees responsible for board of education funds shall execute an official bond for the faithful performance of the duties of his/her office to be approved by the local board and the Commissioner of Education. The fidelity bond for FY23 is attached for your review and approval.
Approve the Fidelity Bond of Treasurer
Order #2022-1170 - Motion Passed: Approve the Hearing Officer's Report passed with a motion by Mr. Larry Perkins and a second by Ms. BeLinda Henson.
4.
Bond of Depository/Pledge of Collateral with Traditional Bank
Per KRS 160.570. Each board of education shall appoint a bank, trust company, or savings and loan association to serve as its depository. According to the administrative regulation, by July 1 of each year the depository selected shall, before entering upon its duties, execute bond for the faithful performance of its duties, to be approved by the local board of education and the Commissioner of Education. Security for the bond shall be deposited with an escrow agent in an amount equal to the penal sum of the bond. Per KRS 41.240 (4), and (5) the securities and obligations shall consist of United States Government Bonds, Kentucky School Revenue Bonds, or Federal Government Agency Obligations, including obligations listed in KRS 66.480 (1)(c).
Approve the Bond of Depository/Pledge of Collateral with Traditional Bank
Order #2022-1171 - Motion Passed: Approve the Bond of Depository/Pledge of Collateral with Traditional Bank passed with a motion by Mr. Larry Perkins and a second by Mr. Justin Watterson.
5.
Adjournment
The next regular meeting of the Franklin County Board of Education will be 6:00pm on July 11, 2022 at Central Office.
That the meeting be adjourned at
Order #2022-1172 - Motion Passed: That the meeting be adjourned at 6:15PM passed with a motion by Mr. Larry Perkins and a second by Ms. BeLinda Henson.
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