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FOUNDATION Meeting Minutes
Fort LeBoeuf School District FOUNDATION
Pride · Commitment · Diversity
2001 Minutes November 13
FORT LEBOEUF SCHOOL DISTRICT FOUNDATION
Minutes
November 13, 2001
Present: Dr. Campbell, Rick Fessler, Joe Gausman, Karen Heard, Ron Memmamo, Kathy Proctor, Dottie Mahoney, Clarence Schrimper, Bev Schwab, John Seifert
The meeting was called to order by Joe Gausman. The minutes of the previous meeting were read and approved.
Motion to approve: Bev Schwab
Second: Dr. Campbell
Vote: Unanimous
Treasurer's Report
A copy of the latest report dated 10/31/01 is included with these minutes as part of the permanent record.
Reorganization Joe Gausman suggested that the annual meeting be postponed until January with reorganization being held at that time. He cited the following areas of concern that needed to be addressed:Bev Schwab stated concern that the FOUNDATION could not just be moved to the Community without some legal means and that should be addressed.
- Finance and By-law Committees
- Updated investment policy
- Withdrawal policy
- Membership
- Annual meeting form
Because of these concerns, Dr. Campbell made a motion that the present officers stay in place until the January meeting.
Second: Karen Heard
Vote: Unanimous
The current officers are as follows:
Joe Gausman President
Dottie Mahoney Treasurer
Kathy Proctor Secretary
Old Business
A brief summary was given as to the present state of the FOUNDATION. Concerns were presented and some needs were discussed.
New Business
The immediate need for the FOUNDATION is the establishment of a Finance Committee and a By-law Committee.
Joe Gausman will chair the Finance Committee with emphasis on a withdrawal policy and the ranges to be followed for our investment strategy. Members of this committee are Clarence Schrimper, Dottie Mahoney and Dr. Campbell.
Kathy Proctor will chair the By-law Committee with a goal of better definition of what constitutes a scholarship, who exactly are the members of the FOUNDATION and updating the present document. Members of this committee are Rick Fessler, Ron Mennano, Bev Schwab and Karen Heard.
Karen Heard suggested that the individual committees meet in a work session, then come together in the Annual meeting.
The work sessions are scheduled for Monday, January 7, 2002 at 3:00 p.m.
The Annual Meeting is scheduled for Monday, January 7, 2002 at 4:00 p.m.
Summary
Fiscal responsibility is presently in the Administration offices under the Treasurer, Dottie Mahoney.
Needs of the Finance Committee and By-law Committee will be met.
Kathy Proctor will see that committee members receive the appropriate documents for study.
The meeting was adjourned at 3:45 p.m.
Respectfully submitted,
/s/Kathy Proctor, Board Secretary
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