E.C. Faculty Board Establishes Wet Day Fund

EAST CHICAGO — The faculty city of East Chicago board is organising a rainy day fund that Superintendent Paige McNulty noted can be used for emergency instances. The board voted 7-1 to place $a hundred,000 into the fund. McNulty mentioned the funds will come from the district's assurance reserve fund. "We have been self-insured prior, and now we have joined a trust," McNulty noted. She observed the have confidence that comprises about sixteen different school districts has its own reserve fund.

McNulty stated the wet day fund may turn out to be useful if there are problems with any of the district chillers or HVAC methods. "We now have four chiller towers at (East Chicago) principal (excessive college)," Board President Joel Rodriguez referred to. "One chiller tower alone is $300,000." Board member Drake Morris voted no to setting up the wet day fund. He mentioned he thought more dialogue become necessary about how the funds could be spent.

The board additionally approved a resolution to get hold of a loan. "We now have been accredited with the aid of the federal govt for a $3 million greenback relief fund in case we need it," McNulty observed. She talked about the district will experience a drop in training reimbursement from the state if its attendance numbers are down come Sept. 15. "I am hoping now not to make use of it, but I need to approve it in case," McNulty spoke of.

She observed the mortgage would raise a 1 percent activity expense over 20 years. In different company, board member Frank Rivera asked the board to believe naming the East Chicago important excessive soccer field after Castulo Perez Sr. Rivera said Perez has dedicated 28 years of carrier to the East Chicago critical boys soccer program and has been a mentor to many East Chicago pupil-athletes.

Rivera additionally recommended that Perez be nominated for the East Chicago activities corridor of fame. several audience individuals used the public discussion board component of the assembly to communicate in support of honoring Perez. Rodriguez referred to petitions regarding the rely can be approved by the board and an advert hoc committee is frequently created to assess the method for renaming the field.