AB167-AA1,1,74
66.0603
(1m) (b) 4. A school board may not discuss or vote on establishing a
5trust fund to provide the benefits described in subd. 3. unless the notice of the school
6board meeting at which the discussion or vote may occur includes the issue as a
7separate agenda item.".
AB167-AA1,2,1210
120.11
(3) Before the annual meeting, the school board shall meet to examine
11the accounts of the school district treasurer and to prepare a full, itemized written
12report which shall be presented and read at the annual meeting. The report shall
13state all receipts and expenditures of the school district since the last annual
1meeting, the current cash balance of the school district, the amount of the deficit and
2the bills payable of the school district, the amount necessary to be raised by taxation
3for the support of the schools of the school district for the ensuing year and the
4amount required to pay the interest and principal of any debt due during the ensuing
5year. The report also shall include the budget summary required under s. 65.90.
If
6a school board has established a trust described in s. 66.0603 (1m) (b) 3., the report
7shall also state the amount in the trust, the investment return earned by the trust
8since the last annual meeting, the total of disbursements made from the trust since
9the last annual meeting, and the name of the investment manager if investment
10authority has been delegated under s. 66.0603 (3) (b). The school district clerk shall
11copy the report, with the action taken thereon, and all other proceedings of the
12annual meeting in full in the school district record book.".
