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Schools, credit union to join forces
Goal set to have student-run credit union in schools
Friday, June 7, 2013
By PAUL COLLINS - Bulletin Staff Writer
Henry County Public Schools and Martinsville DuPont Credit Union have formed a financial awareness partnership with the long-term goal of having a student-run credit union at each high school.
Starting this fall, MDCU will provide a liaison who will teach with Bassett and Magna Vista teachers in the economics and personal finance course as well as provide professional development, according to DeWitt House, assistant superintendent-instruction, who gave a report to the Henry County School Board at its meeting Thursday night.
House said the school division will provide such things as professional development and supplies.
He said the goal is to have a student-run credit union at the high schools by the end of the third year. House said operational details will have to be worked out.
House, Andrew Reynolds of MDCU and schools Superintendent Jared Cotton said the program is a great opportunity to increase financial literacy and provide real-life experiences.
In other business Thursday, the school board honored Rich Acres Elementary for receiving a Title I Distinguished School Award.
According to an agenda document, the Virginia Board of Education is honoring 46 schools and one school division for raising the academic achievement of economically disadvantaged students. The awards are based on student achievement on state assessments during the 2011-2012 and 2010-2011 school years.
The board recognized 37 schools (including Rich Acres) as Title I Distinguished Schools. Those schools are recognized for meeting all state and federal accountability requirements for and achieving average reading and math SOL scores at 60th percentile or higher.
The school board also:
• Recognized 2012-13 First Generation Scholarship recipients Daisy Becerra, Patrick Pruitt and Daisy Vu, recent graduates of Magna Vista High School; and Ann Foley and Andrew Mullins, recent graduates of Bassett High School. Each will receive a one-time $1,000 scholarship, funded by Service Solutions.
• Approved a resolution to comply with state regulations concerning reimbursement of technology expenditures. The resolution will ensure the school system’s eligibility for state technology funding.
• Approved the Title II, Part A, Improving Teacher Quality Grant application for 2013-14. Henry County School Division is eligible for $366,367.76 in grant funds to help improve student achievement and teacher quality.
Title II funds also will be used to partially fund eight elementary teaching positions. Title II funds will be used to recruit, hire and retain highly qualified teachers and provide professional development opportunities for teachers, administrators and paraprofessionals.
• Approved the Title III Language Instruction for Limited English Proficient and Immigrant Students Grant application for 2013-14. The school division is eligible for $49,217 in grant funds to help it meet the requirements of federal No Child Left Behind legislation. The funds will be used to fund 1.5 ELL (English Language Learners) tutor positions and provide instructional materials and supplies for ELL students.
• Approved the Title VI Rural Low-Income Schools Grant application for 2013-14 in the anticipated amount of $138.301.
Henry County’s plan includes using the funds to support the National Board Certification initiative and professional development in SRA (reading program) training and support; literacy professional development; preschool training for teachers and paraprofessionals; and curriculum development.
• Approved the Regional Alternative Education Program Continuation Grant for 2013-14. Henry County Schools is as the fiscal agent for the Regional Alternative Education Program, which is operated with Martinsville City and Patrick County schools. The regional consortium is eligible for $165,253 in grant funding. The localities provide $36,379 in in-kind contributions.
This program serves students in grades 6 through 12 and focuses on students who are unable to function in the regular school environment. The regional program provides a smaller classroom environment and individualized instruction.
• Approved a contract for speech therapy services for 2013-14 with Educational Based Services (EBS) at a cost of $75,000.
Henry County Public Schools has speech therapists, but the number of students requiring speech services exceeds the caseload limits of the therapists on staff.
• Approved the purchase of the 2013-2014 student planners from School Specialty/Premier Agendas at an estimated cost of $21,595.
The school division annually provides a student planner for each student in grades K-12. The planners help students with organizational skills in addition to providing supplemental instructional resources. Also included in the planner are applicable school board policies and procedures.
• Approved the purchase of 15 additional Read 180 licenses and 20 additional System 44 licenses for elementary schools, at a total cost of $21,625. READ 180 is a reading intervention program. • Awarded a contract to Kingmor Supply Inc. of Harrisonburg to repair school bus seats in the amount of $22,700, pending availability of year-end funds.
• Adopted the fiscal year 2014 operating budget total of $71,273,600, a textbook account budget of $871,400 and a school nutrition program budget of $4,621,357.
• Approved fiscal 2013 budget categorical transfer appropriations of $850,000. Funds will be shifted among budget categories.