The St. Joseph School Board will meet Friday afternoon to consider a number of important issues including the withdrawal of banking services.
Commerce Bank issued a letter to the St. Joseph School District Thursday giving the district notice that it is terminating its Commercial Card Agreement between Commerce and the school district effective June 1, 2015.
According to information included in the St. Joseph School District agenda for Friday’s Board of Education Meeting the district received a phone call from Commerce Bank February 11th information the district of the plan to cancel the card program. Originally the cancellation was to be effective 4/1/14, however that date has been pushed back to 6/1/2015.
According to the St. Joseph School District, Commerce Bank gave the following reasons for cancellation: “1) Current Year Deficit Budget, 2)Loss of $.63 levy, further exacerbating our deficit budget for the 15/16 School year, 3)Ongoing FBI Investigation, 4) General turmoil at the SJSD.”
This follows Tuesday’s audit findings of “poor” given by State Auditor Tom Schweich.
The Board is also expected to review 2015-16 Salary Schedule Actions, and an audit review.
The meeting is scheduled for 3 p.m. and is open to the public.