H-BC board approves sale of Aid Anticipation Certificates

The Hills-Beaver Creek School Board members approved the sale of $770,000 in General Obligation Aid Anticipation Certificates of Indebtedness at their meeting on July 8.

The lowest bid of .85 percent went to Security Bank and Trust Company of Glencoe. The highest bid came in at 2 percent.

This is the third time the district has opted to use Aid Anticipation borrowing. It is a financial instrument that allows the district to borrow to meet cash flow needs.

The district has 13 months to pay back the money, which is due by Sept. 30, 2014.

The district will receive the $770,000 by Aug. 5, giving it plenty of time to pay back the bonds owed to the bank from last year’s Aid Anticipation borrowing.

Superintendent evaluation

Board chair Harley Fransman presented a report on the superintendent evaluation.

The evaluation was generated based on survey information collected from H-BC staff and board members.

Individuals anonymously answered an internet-based survey. The information was tabulated and presented to Fransman, who reviewed it and summarized it in a report for the board.

When all responses, from both staff and board members, were averaged together Holthaus was rated at “meeting expectations to exceeding expectations.”

The staff rated Holthaus as “meeting all expectations.”

Fransman reported responses ranging from 3.53 for seeking staff input to a perfect 4.0 for being organized.

Areas in the staff survey included communication with staff, knowledge of finances, working well with staff and organization.

The board survey evaluated his performance working in policy and government, planning and assessment, instructional leadership, organization management, communication and community relations and professionalism.

Board ratings varied. The only area receiving an “unsatisfactory” rating was in instructional leadership, although here the range went to the top end of “exceeds expectations.”

In addition to being evaluated, Holthaus asked the board to present him with a list of goals for the upcoming year. Board members are working on that list.

In response to that request Fransman asked that Holthaus develop a list of goals for the board.

 

Fee schedule approved

A board-approved fee schedule for the upcoming year includes an all-event activity pass.

The pass is offered to students for $65 and adults for $95.

Purchasing the pass gives admission to all 35 H-BC regular season events.

Superintendent Todd Holthaus said the price of the pass is equal to 45 percent off the gate cost if an individual went to every home competition.

 

In other board news:

•The board had its first reading of all district handbooks. Changes were recommended to the cell phone use policy and tardy policy. The board will have a final reading at the July 22 meeting.

•Melissa Leuthold will fill the open assistant volleyball coach position.

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