* Board congratulates Clay City for winning sectional championship
During the regular monthly meeting of the Clay Community School Corporation Thursday, the board members congratulated the Clay City Basketball team on a hard-fought victory against Shakamak.
"I'm not very much of a morning person, but I am looking forward to getting up early on Saturday to watch Clay City. Go Eels," board member Jennifer Kaelber said.
"I also wish them the best of luck," board member Ted Jackson said. "I know they will do well."
While delivering his monthly report, Supt. Dan Schroeder commented on the federal stimulus package and its affect on the corporation.
"Currently we haven't received any money," he said. "As far as I know, no one in the state has, but we are projecting that we should be receiving something within the month."
The Legislature will be deciding what the funds can be spent on, the amount of funds the corporation will be receiving is based on the Special Education, Individuals with Disabilities Education Act (IDEA) and the Title 1 funds.
Schroeder also commented on the State Fiscal Stabilization Fund, which the Governor and Legislature will determine how the money will be spent.
"Obviously the legislature is still in session right now," he said. "They haven't made a decision and neither has the governor. I have read that they may put that in school corporation general fund through the formula funding, but no decision has been made."
Colleges and universities will also be receiving money.
There will also be competitive grants, though no announcement has been made yet.
"The real point that I am trying to make is this is one-time money from 2009-11, and everything that I have read says we should spend it on nonrecurring costs," he said. "If we spend it on recurring costs, that money is unlikely to come to us again after 2011 and we would have continuing cost with no revenue coming in."
Schroeder advised the board that when they receive the money they should spend it on one-time expenditures during that time period.
In other business, board member Forest Buell submitted a letter to the board asking for his vote from the Feb. 17 meeting to be changed from approving the feasibility study and execution of the lease for the proposed building project to opposing the project.