WELLSVILLE The Wellsville Board of Education approved the administration of Naloxone by trained school personnel in accordance with state laws and regulatio
WELLSVILLE During the new business portion of Monday’s Wellsville Board of Education meeting the board approved the use of Final Forms and Schedule Star a
WELLSVILLE During the new business portion of Monday’s Wellsville Board of Education meeting the board approved the use of Final Forms and Schedule Star a
WELLSVILLE Wellsville Board of Education member Rick Salsberry announced at Monday night’s board meeting that he will not be seeking re-election when his
Staff Report
WELLSVILLE The village school district will front itself $1 million by calling back a million dollar lump-sum deposit.
According to Superintendent Richard Bereschek, board members also approved the call back of a $1 million certificate of deposit before its maturity date to meet January’s obligations until their foundation payments arrive Friday.
A certificate of deposit (CD) is a product offered by financial institutions that provide an interest rate premium in exchange for the customer agreeing to leave it untouched for a predetermined period of time.
Bereschek explained that will include two upcoming payrolls of $250,000, two consortium insurance payments of $200,000 each and four weekly payable runs each totaling $75,000. “Our bank balance has dropped to a little (more than $135,000) and without the money from the CD, we would not be able to meet our obligations,” he explained.