WELLSVILLE After 50 years spent in education, the Wellsville schools superintendent is stepping down at the end of the school year. The school board Monda
WELLSVILLE After 50 years spent in education, the Wellsville schools superintendent is stepping down at the end of the school year. The school board Monda
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.
Jan 13, 2021
WELLSVILLE Gary Althiser was re-elected president, and Austin Dalrymple vice president when the Wellsville school board held its organizational meeting on Monday.
Barry Arbaugh was reappointed to the Carnegie Library board of trustees.
Members agreed to transfer from the general fund: $79,000 into the cafeteria fund and $3,500 into the athletics fund.
The board also approved a memorandum of understanding with Kent State Universityfor next school year allowing students to earn College Credit Plus; hired substitute bus drivers Don Chestnut and Ruth Libert-Schmid; and accepted $3,710 in donations from the Go Health Foundation and an anonymous donor for the district’s food pantries.