OCS approves agreement for management of scholarship fund

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By Michelle Key
Editor

The Opelika City School board approved an agreement and a memorandum of understanding to create an endowed fund for the benefit fo the Emma Jean Lipscomb Scholarship benefitting OHS students. According to documents presented at the meeting, the agreement authorizes the Community Foundation of Northeast Alabama to administer the scholarship fund.
In other business, the board:
• approved several personnel recommedations
• approved out-of-state field trip requests for OHS Cross Country teams and the OMS band
• approved the renewal of the General Liability/Errors and Omissions Liability Insurance policy for 2018-19
• received the financial report for the month of July 2018 presented by Chris Harrison
With only two months remaining in the fiscal year, OCS has collected 84.1 percent of the anticpated budget revenues while disbursing only 80 percent of the budgeted expenditures. This represents a favorable variance of $1,783,042 for the general fund.
Budget hearings will be held on Sept. 11 from 4-6 p.m. and Sept. 13 from 2-4 p.m. The next board meeting will be on Sept. 13 at 4 p.m following the budget hearing. The board meets at 300 Simmons St. in Opelika.

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