Brandywine officials look for best return for bond money

Published 7:13 pm Tuesday, October 21, 2003

By By BEN RAYMOND LODE / Niles Daily Star
NILES -- Brandywine Public Schools is looking for ways to safely invest the $14.2 million it received from a voter-approved bond issue which will be spent improving the school district's facilities.
Campbell said the school district is currently dealing with banks, but also considering the Michigan Liquid Asset Plus Fund as a place to invest the money.
The Michigan Liquid Asset Fund is a comprehensive cash management program that was created in 1987 by the Michigan School Board Association.
Campbell said the program basically pools money for school districts and makes for a slightly higher return than just leaving the money in the bank.
Campbell also said the annual audit report is complete.
Having reviewed the audit with Gus Damaske, the district's finance director, Campbell said there appears to be no major deficiencies.
Campbell said the school district's auditor will present the annual audit at the next school board meeting, which will take place at Merritt Elementary School on Nov. 3.
In other school board reports: