Minutes

Wednesday March 20, 2024 

Attending:  Robert Wahlstrom, Junice Dagen, Vickie Kotschwar, Misty Hickstein, Lorrie Bauer, Kathy Cleveland, Connie Rasmussen, Ben Rust, Loni Watson, and Ginger Meyer

The meeting was called to order at 7:03 A.M.

Old Business:

We reviewed the February 21, 2024 minutes.  Motion by Ginger Myer to approve the minutes.  Seconded by Vickie Kotschwar.  Motion carried 9-0.

Ben Rust, Mary Traphagan and Robert Wahlstrom volunteered to be on the committee to select scholarships.  We have 30 students who applied for scholarships.  Robert Wahlstrom said that with the current market conditions that it looks like that all 30 students would be able to receive a scholarship.  Robert went over the principle amounts for each scholarship.  Arnoldy-$69,057.55, Marshall-$55,000, Finney-$31,025, Prairie Home-$11,959.70, Rasmussen-$15,800, and Hussey $46,321.01.  These include the 10% earnings added to the Arnoldy and Prairie Home Scholarships at the end of 2023.

New Business:

Ginger Meyer said that the applications for certified and non-certified staff awards had been sent to the principle's and they would be available for the board to make a decision at the April meeting.

We had two teacher incentive grants.  The first one is for the 3rd grade teachers for $400 to provide a sack lunch for their field trip to the Dawes County Museum.  Motion by Lorrie Bauer to approve the grant.  Seconded by Junice Dagen.  Motion carried 9-0.  The second one was for Brooke Olson for $275.  Her mother, Dee Dee Grant, had done an auction in her classroom at the end of the year.  Students earned money awards during the year to spend at the auction.  They got awards for extra math problems, bring folders back signed by their parents, etc.  The money would go towards buying prizes for the students to bid on at the auction.  Motion by Kathy Cleveland, seconded by Misty Hickstein to approve the grant for $275.  Motion carried 9-0.

We had an interesting scholarship proposal from Mike Glode, a 1965 graduate of Chadron High School.  He would like to give a $1000 scholarship to the top student in the class after their Junior year.  He would like to mentor that student in their Senior year.  Ginger Meyer and Loni Watson said that we would have to vet him like we do with the Teammates mentors.  We also would like to know what criteria would be used to select the student.  Loni Watson said she would be glad to visit with him and Robert Wahlstrom said he would contact Mike to see where we need to go to move forward on the scholarship.

Treasurer's Report:

NOW account-Homestead Bank as of 2/29/2024-$12,196.40

(Includes the sum of $595.00 from Terri Haynes/100 women grant)

(Includes the sum of $7,557.80 Opportunity Scholarship donations)

Morgan Stanley Accounts as of 2/29/2024

316-025361-198      Arnoldy                $83,038.96

316-025363-198      Finney                  $38,373.09

316-025356-198      Marshall              $127,682.49

316-025356-198      Prairie Home      $12,460.27

316-025362-198      Foundation         $34,625.43

316-025975-198      Rasmussen         $19,399.40

316-025364-198      Hussey                $49,819.81

                                   Total                    $365,399.45

Increase of $17,928.55 for the month of February.

Fees for February were $410,29

Deposits Since Last Meeting:  

2/21/2024 $145.00 ($125.00 Dodson Memorial, $20.00 Hussey Memorial)

2/26/2024 $10,000.00 Hussey Memorial

2/29/2024 $.50 Interest

3/18/2024 $150.00 Dodson Memorial

Bills Paid Since Last Meeting:  

Check 768 Morgan Stanley $10,048.06 Hussey Memorial

Bills to be Paid:  None

Motion by Connie Rasmussen to approve the Treasurer's Report.  Seconded by Junice Dagen.  Motion carried 9-0.

Next Meeting Date:

April 17, 2024

Meeting Adjourned at 7:41

Submitted by:  Robert Wahlstrom

Attendee panel closed

Wednesday January 10, 2024 

Attending:  Robert Wahlstrom, Junice Dagen, Vickie Kotschwar, Misty Hickstein, Lorrie Bauer, Kathy Cleveland, Connie Rasmussen, Mary Traphagan, and Ginger Meyer

The meeting was called to order at 7:00 A.M.

Old Business:

We reviewed the December 13, 2023 minutes.  Motion by Connie Rasmussen to approve the minutes.  Seconded by Vickie Kotschwar.  Motion carried 9-0.

We passed out the scholarship descriptions.  Lorrie Bauer had made the changes that we had recommended at the last meeting and added the scholarships that were missing.  We made one additional change to the Danny Rasmussen Memorial Scholarship to award the scholarship to a person who had participated in wrestling to be the first criteria.  If there were no one that wrestled that applied for the scholarship, it would be awarded by the committee's choice.

New Business:

We passed out a sheet that listed the principle amounts of each scholarship.  The amounts for the Arnoldy and Prairie Home scholarships will be updated once we have the December Morgan Stanley year end report.  Those scholarships have 10% of the earnings added to the principle each year.  Arnoldy:  $$67,993.26, Marshall:  $55,000, Finney:  $31,025.00, Prairie Home:  $11,837.05,

Rasmussen:  $17,475.00, Hussey $46,369.07, Class of 1969:  $2153.50 and Jerry Traphagan Memorial:  $1440.00.

Since last meeting we have received $1675.00 for the Danny Rasmussen scholarship and $48.06 for the Hussey scholarship.  The above amounts reflect these donations.

Treasurer's Report:

NOW account-Homestead Bank as of 12/31/2023-$2,050.44

(Includes the sum of $595.00 from Terri Haynes/100 women grant)

(Includes the sum of $7,557.80 Opportunity Scholarship donations)

We did not receive the statement from Morgan Stanley by the time of our meeting.

Deposits Since Last Meeting:  $0.33 interest on 12/31/2023

Bills Paid Since Last Meeting:  None

Bills to be Paid:  None

Motion by Kathy Cleveland to approve the Treasurer's Report.  Seconded by Junice Dagen.  Motion carried 9-0.

Next Meeting Date:

February 21, 2024

Meeting Adjourned at 7:26

Submitted by:  Robert Wahlstrom

Wednesday December 13, 2023

Attending:  Robert Wahlstrom, Junice Dagen, Vickie Kotschwar, Misty Hickstein, Lorrie Bauer, Kathy Cleveland, Ben Rust, Connie Rasmussen, Mary Traphagan, and Ginger Meyer

The meeting was called to order at 7:00 A.M.

Old Business:

We reviewed the November 15, 2023 minutes.  Motion by Lorrie Bauer to approve the minutes.  Seconded by Connie Rasmussen.  Motion carried 10-0.

We reviewed the descriptions on the scholarships and added the Danny Rasmussen Memorial Scholarship description and the Del and Aletta Hussey Scholarship description.  Lorrie add and changed the descriptions on google docs and forwarded copies to Loni Watson.

The FAA students who qualified for the national meeting in Indianapolis told us about their trip and what they had to do for their project.  The students were Cody Kahl, Owen Wess, Wylee West and Bryson Bickel.  Mary Beth Moore,  their sponsor also commented about the trip.  Their subject was Environmental and Natural Resources Center Development Event.  They received a Silver which put them at the top end of 42 other states who competed in the event.  Many of the schools they competed against have a class in the topic.  They felt they learned a lot and got to visit with a lot of companies that had displays at the convention.

Treasurer's Report:

NOW account-Homestead Bank as of 11/30/2023-$2,050.11

(Includes the sum of $595.00 from Terri Haynes/100 women grant)

(Includes the sum of $7,557.80 Opportunity Scholarship donations)

Morgan Stanley Accounts as of 11/30/2023

316-025361-198   Arnoldy            $74,520.01

316-025363-198   Finney              $34,788.58

316-025356-198   Marshall          $115,227.45

316-025366-198   Prairie Home  $11,780.95

316-025362-198   Foundation     $31,405.97

316-025364-198   Hussey             $45,706.84

306-025975-198   Rasmussen      $16,297.27

Total                                                  $329,727.07

A increase of $19,281.20 for the month of November.

Fees for November were $379.72

Deposits Since Last Meeting:  $0.56 interest on 11/30/2023

Bills Paid Since Last Meeting:  None

Bills to be Paid:  None

Motion by Junice Dagen to approve the Treasurer's Report.  Seconded by Vickie Kotschwar.  Motion carried 10-0.

Next Meeting Date:

January 10 (second Wednesday of the month)

Meeting Adjourned at 7:40

Submitted by:  Robert Wahlstrom