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Kerens ISD renews Powell bank contract

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KERENS–Kerens ISD trustees voted May 17 to continue using Powell State Bank as its official depository, continuing a long-standing relationship.
KISD Business Manager Jim Kendall said the school board had previously amended its District of Innovation plan which exempted the district from state law about depository contract renewal periods and allowed the school to not seek bids for other banks. The current renewal lasts from July until June 30, 2023.
“They (Powell State Bank) treat us right–you all know that–for a long time,” Kendall told the school board. The district has two accounts with no fees and includes financial monitoring services, he added.
In other KISD business, the board reorganized its officers following the May 1 election cycle. Shane Hill was selected as board secretary and Randy Bancroft was approved to continue as board vice president. Fellow board members selected Teresa Jennings to continue as board president. “Thank you, gentlemen, for your confidence,” Jennings said.
Also, the board approved an approximately $27,000 bill from Labatt Food Service to provide cafeteria food to the district. Superintendent Martin Brumit said Labatt bills aren’t normally that high – usually running about $4,000-$5,000 per month – but several bills were consolidated into one and administrators wanted to get board approval.
Further, the board adopted a resolution about state and federal revenue sources, including ESSER III, the federal Elementary and Secondary School Emergency Relief Fund that was established in March as part of the American Rescue Plan Act.
ESSER III includes $122 billion for school districts to prevent, prepare for and respond to COVID-19 and gives grants that can be used to reimburse eligible expenses incurred between March 13, 2020 and Sept. 30, 2024.
The resolution gives Brumit power to sign off on the ESSER application and decide how to spend the money.