One of the Oregon-Davis School Corporation’s sources of grant funding continues to decline. Superintendent Bill Bennett gave the school board an update last week on the Small, Rural School Achievement Program last week.
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The Knox Community School Corporation is reporting financial stability, despite a few challenges.
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The Knox Community School Corporation made more than $121,000 in interest off of its cash reserves in 2018. Superintendent Dr. William Reichhart gave the annual investment report to the board of finance Tuesday. “On our checking account like the checking accounts for personal use through the calendar year 2018, we’ve received $116,139.16 in interest, which is awesome,” he said, “because a few years ago, we were getting nothing, almost, out of that.”
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The Knox Community School Corporation stands to bring in an extra $23,000 a year, after the school board agreed to place some of the corporation’s cash reserves in a certificate of deposit. Last week, board members authorized school officials to move up to $2 million into a one-year CD at 1st Source Bank.
