space
space
Peshtigo Times
space
space
space
Perspectives
* Country Cousin
space
space
Sports Shorts
* Coleman Falls to Stratford at WIAA Team Sectionals
* 15 Area Wrestlers Qualify for State Competition
* Crivitz/Wausaukee/Oneida are M&O Tri-Champions
* Crivitz Cages Cougars For Outright M&O Title
* Thunder Claim Three Wins in Ashwaubenon

space
Peshtigo Fire
space
e-Edition
Now Available
For more information
click here
dot
THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
space
dot
space

Coleman School Board Considers Community Foundation Investment

Issue Date: August 30, 2017

The Coleman School Board discussed moving a scholarship fund account from a local bank to the M&M Area Community Foundation at its meeting Monday, Aug. 28.

There is currently $163,698 in the George Hansen Memorial Scholarship Fund, down almost $6,000 from when the fund started.

The money is in a certificate of deposit (CD) at Peshtigo National Bank, where High School Principal and District Superintendent Doug Polomis said the school makes 1.1% interest per year, while providing two $1,000 scholarships per year. This means that the school is set to lose another almost $200 this year on the fund, though withdrawing the money would cost $1,600 since the CD hasn't expired yet.

The Foundation would also charge a 1.25 percent fee per year on the money, regardless of whether the fund makes money.

M&M Area Community Foundation Executive Director Paula Gruszynski was present to answer any questions from the board. She said the MMACF was "one of the best bargains for your money. A lot of foundations charge two or even 2.5 percent."

Last year, she said their investment return was 7.2 percent.

"You'd still be at over five percent potential gain," Polomis told the board, saying the board could begin to award larger scholarships if the fund total increased.

School Board President Ryan Wendt asked if the foundation had ever lost money. Gruszynski said that although they weren't around, around 20-30 percent was lost in 2008 and 2009, during the Great Recession.

"If I had money to invest right now, I wouldn't put it in the stock market," Wendt said. "It's so over-inflated in my opinion."

Gruszynski said the money is not all invested in the stock market, as policy dictates no more than 40 percent of money be invested in the stock market in any given year. The actual investment is done by Stephenson National and Nicolet National Banks.

Board member Barbara Krause-Klug responded to Wendt's concerns, saying, "If you don't take that chance, you're going to dwindle it away" Yes, you can lose money because everybody's going to lose money depending on what's happening out in the market, but you have a much better chance of recouping and gaining than if you just stick it in a CD or something."

Board member Scott Herzog expressed concern as well, saying "The part that scares me is that our gains could be seven percent in one year but our losses could be 40, which you'd never get back."

Gruszynski said she's handled the same situation in Crivitz, as a former Crivitz teacher gave the school $201,000.

"Crivitz School District has been through this exact process," Gruszynski said. "The agreement that I put together that I sent to Doug today is a carbon copy of what we did in Crivitz."

The item will come back for more discussion at next month's board meeting.

The board also had an initial discussion during Polomis' report regarding the potential for having to hire a new teacher.

As of 4 p.m. Monday, the elementary school had 18 new students with nine departures. The middle school had four new students and six students leaving from last year. At the high school 11 new students are coming this year, with six leaving, bringing the district total to +12 in overall numbers from last year.

There are just two teachers in second and third grade, with 48 and 51 students in the two grades, respectively. There are 52 students in fourth grade.

"That's a lot of kids in a class," Wendt said. "You start talking 26 kids in a class? That's a lot of kids in a third grade class."

Wendt also asked if a special meeting should be called for next week. Polomis said the school was at these same figures last year, but he would like to wait and see how numbers get finalized before calling an additional meeting.

Polomis asked the board if they would approve a new position at a potential special meeting if the student numbers got too high.

Wendt asked Polomis how high the numbers would need to get in order for an additional teacher to be considered, and Polomis responded that the discussion on the number hadn't been discussed yet with the board.

"When we start getting into 55 or 56, I don't think that's fair to the kids either in some of those grades," Polomis said. "We also know that in years passed, this week is absolutely crazy for students walking in this door and it traditionally has been that way."

He said the state budget being approved in the legislature would be a factor in any decision, and added that he just wanted to put the idea on the board's radar.

In a District Spotlight, Polomis told the board that 60 youth football players from the school and their coaches will be headed to the Green Bay Packers final preseason game Thursday, Aug. 31, as the Packers battle the Los Angeles Rams.

The opportunity was brought forward for the middle school by Bellin Health Athletic Trainer Mark Husen and after more inquiry, tickets were acquired for all youth football players in grades 4-8.

The board approved five resignations, one contract change, three employee transfers and 12 new hirings, though three were volunteer volleyball coaches.

Also approved were elementary student, middle/high school student, support staff, professional staff, and coach/advisor handbooks for the upcoming year with some changes and a continuation of the school's snow plowing/ice removal contract with Dan Risner and Son, LLC at the same rates as last year.


Recent stories, opinions and photos

Issue Date Department Headline
02-21-2019Obituaries
Reuben L. Behrendt

02-21-2019Obituaries
Arlyss C. Bero

02-21-2019Obituaries
Frederick Boehm

02-21-2019Obituaries
Dennis F. Bomberry

02-21-2019Obituaries
Dorothy Doehler

02-21-2019Obituaries
Judith A. Ethington

02-21-2019Obituaries
Joseph J. Fonferek

02-21-2019Obituaries
David N. Francis

02-21-2019Obituaries
Roger A. Gabriel

02-21-2019Obituaries
Peggy A. Gorski

02-21-2019Obituaries
Kenneth Haddon

02-21-2019Obituaries
Clement F. Hurda

02-21-2019Obituaries
Ricky Johnson

02-21-2019Obituaries
James W. Josephson

02-21-2019Obituaries
Evalene G. Kalous

02-21-2019Obituaries
Fredrick G. Kodric

02-21-2019Obituaries
Louis J Kohlbeck

02-21-2019Obituaries
Garrett Lafferty

02-21-2019Obituaries
Joshua G. Mathieu

02-21-2019Obituaries
Mariana K. Meissner

02-21-2019Obituaries
James Meyers

02-21-2019Obituaries
Mary C. Millan

02-21-2019Obituaries
Fr. Vincent J. De Leers O. Praem

02-21-2019Obituaries
Darrel G. Pagel

02-21-2019Obituaries
William "Bill" Rader

02-21-2019Obituaries
Helene M. Smiltneek

02-21-2019Obituaries
James A. Smith

02-21-2019Obituaries
Nicholas Thoney

02-21-2019Obituaries
Agnes M. Toberg

02-21-2019Obituaries
Marie A. Usher

02-21-2019Obituaries
Marcella VandenBush

02-21-2019Obituaries
Thomas A. Van Lanen

02-21-2019Obituaries
Judith A. Wagner

02-21-2019Obituaries
Terry L. Westphal

02-21-2019Obituaries
Glenn O. Yeazel

02-21-2019Sports
Coleman Falls to Stratford at WIAA Team Sectionals

02-21-2019Sports
15 Area Wrestlers Qualify for State Competition

02-21-2019Sports
Crivitz/Wausaukee/Oneida are M&O Tri-Champions

02-21-2019Sports
Crivitz Cages Cougars For Outright M&O Title

02-21-2019Perspectives
Country Cousin

02-21-2019Perspectives
From My Window

02-21-2019Perspectives
From our readers

02-21-2019Community - Wausaukee
Athelstane Will Only Salt/Sand Private Drives For Emergencies

02-21-2019Community - Wausaukee
Wausaukee Lions Tournament Sign-Up

02-21-2019Community - Wausaukee
Open Enrollment at Wausaukee School

02-21-2019Community - Wausaukee
Wausaukee Lions Hosted Crivitz for Valentine Party

02-21-2019Community - Crivitz
High Falls Radar Run Is Saturday, Feb. 23

02-21-2019Community - Crivitz
Suring School Board Discusses Possible Snow Make-Up Times

02-21-2019Community - Crivitz
Faith Christian Lists 2nd Quarter Honor Roll

02-21-2019Community - Crivitz
Crivitz Legion Post Gun Show Mar. 9

02-21-2019Community - Coleman
Coleman Development, Kindergarten Registration

02-21-2019Community - Coleman
Semester Honors Announced at Coleman High School

02-21-2019Community - Coleman
Coleman High School Perfect Attendance

02-21-2019Community - Coleman
Coleman High School Lists 2nd Quarter Honors

02-21-2019Front Page
Fire Cleanup

02-21-2019Front Page
Coleman School Renovation Set To Start April 1, June 6

02-21-2019Front Page
Area DNR Wardens Saved Three Snowmobilers Feb. 2

02-21-2019Front Page
Town Of Peshtigo Okays ATV Purchase For Fire Department

02-21-2019Front Page
Peshtigo Crossing Guard Injured by Vehicle Friday

02-14-2019Obituaries
Mary R. Billings

02-14-2019Obituaries
Dennis F. Bomberry

02-14-2019Obituaries
Elizabeth A. Borden

02-14-2019Obituaries
Willard Carlton

02-14-2019Obituaries
James R. Charapata

02-14-2019Obituaries
Sean A. Cronin

02-14-2019Obituaries
David H. Erdman

02-14-2019Obituaries
Ann R. Foley

02-14-2019Obituaries
Elmer O. Garbrecht

02-14-2019Obituaries
Matthew S. Gunderson

02-14-2019Obituaries
Karen F. Hatfield

02-14-2019Obituaries
Erling Johnson

02-14-2019Obituaries
Esther Kebschull

02-14-2019Obituaries
Patti K. Klingbeil

02-14-2019Obituaries
Bob Lindbom

02-14-2019Obituaries
Helen M. Nichols

02-14-2019Obituaries
Lester W. Oliver

02-14-2019Obituaries
Carolyn J. Padgett

02-14-2019Obituaries
Bonita Paulsen

02-14-2019Obituaries
Gloria J. Pringle

02-14-2019Obituaries
Jim Reno 

02-14-2019Obituaries
Stella A. Roberts

02-14-2019Obituaries
Miranda M. Schwartzenberger

02-14-2019Obituaries
Helene M. Smiltneek

02-14-2019Obituaries
Marie A. Usher

02-14-2019Sports
Thunder Claim Three Wins in Ashwaubenon

02-14-2019Sports
Coleman Wins Regional Title; Area Wrestlers Advance to Sectionals

02-14-2019Sports
Wausaukee Holds Half Game M&O Lead; Race to Be Decided This Week

02-14-2019Sports
Crivitz Holds M&O Lead; Faces 2nd Place Coleman Monday

02-14-2019Perspectives
Country Cousin

02-14-2019Perspectives
From My Window

02-14-2019Perspectives
From Our Readers

02-14-2019Community - Wausaukee
Plan Maintenance On Wausaukee Town Hall

02-14-2019Community - Wausaukee
Wausaukee Lions Tournament Sign-Up

02-14-2019Community - Wausaukee
Seed Swap at Wausaukee Library

02-14-2019Community - Wausaukee
50 Units Blood Goal at Wausaukee

02-14-2019Community - Crivitz
Crivitz Woman's Club Offer Scholarships

02-14-2019Community - Crivitz
Town Talks About Crivitz Fire District

02-14-2019Community - Crivitz
Middle Inlet Board Meets On Feb. 14

02-14-2019Community - Crivitz
Valentine Dance in Crivitz Feb. 16

02-14-2019Community - Coleman
Coleman Utility Board OKs Pump Purchases

02-14-2019Community - Coleman
District 2 KC Free Throw Winners

02-14-2019Community - Coleman
Coleman Development, Kindergarten Registration

02-14-2019Front Page
Digging Out

02-14-2019Front Page
County Continues Revamp Of Economic Development

02-14-2019Front Page
Primary Elections Tuesday, Feb. 19

02-14-2019Front Page
Village of Pound Considers Employee Benefit Package

02-14-2019Front Page
Peshtigo Committee Okays $1,516,849 Non-Lapsing Funds

02-07-2019Obituaries
Roger F. Amundson

02-07-2019Obituaries
Janice J. Bakkum

02-07-2019Obituaries
George L. Benoit

02-07-2019Obituaries
Annette M. (Samsa) Bevier

02-07-2019Obituaries
Frances L. Bretl

02-07-2019Obituaries
Mary Ann Czeto

02-07-2019Obituaries
Veiga L. DeBenedetto 

02-07-2019Obituaries
Thomas A. Engebos

02-07-2019Obituaries
Kerney Espy

02-07-2019Obituaries
Darrell Franklin Faucett

02-07-2019Obituaries
Gerald Flaws

02-07-2019Obituaries
Donald G. Graef

02-07-2019Obituaries
Mildred A. Hansen

02-07-2019Obituaries
Helen J. Hombs

02-07-2019Obituaries
Lois Huebner

02-07-2019Obituaries
Robert P. Javor

02-07-2019Obituaries
Katherine A. Kobe

02-07-2019Obituaries
Terry Ann Koceja

02-07-2019Obituaries
Barbara A. Krob

02-07-2019Obituaries
Darlene L. Kroll

02-07-2019Obituaries
Tami J. Lee

02-07-2019Obituaries
Peter Milroy

02-07-2019Obituaries
Judith A. Mollus

02-07-2019Obituaries
Dean Peitersen

02-07-2019Obituaries
Richard D. Peterson

02-07-2019Obituaries
Carol M. Plog

02-07-2019Obituaries
Louisa Rowell

02-07-2019Obituaries
Ruth M. Shufelt

02-07-2019Obituaries
Cheryl A. Strojny

02-07-2019Obituaries
Mabel R. Thompson 

02-07-2019Obituaries
Charles J. Willemarck

02-07-2019Obituaries
Douglas E. Wolfe

02-07-2019Obituaries
Richard V. Yenchesky

02-07-2019Obituaries
Cheri L. Zemke

02-07-2019Obituaries
Frances A. Zuraski

02-07-2019Sports
Excitement Builds Ahead of Feb. 9 Lake Winnebago Sturgeon Season

02-07-2019Sports
Thunder Take Two From G.B. United

02-07-2019Sports
Crivitz Holds Slim M&O Lead Over Wausaukee/Oneida

02-07-2019Sports
Wolverines Hold Onto Lead in M&O

02-07-2019Perspectives
Country Cousin

02-07-2019Perspectives
From My Window

02-07-2019Perspectives
From our readers

02-07-2019Community - Wausaukee
Open Enrollment at Wausaukee School


space
Peshtigo Times
WEB Poll!
Are you ready for Spring yet?
space Yes
No
Undecided
space
TO VOTE CLICK
YES, NO or UNDECIDED

Suggest a Question
space .
space
FRONT
space
.
space
CLASSIFIEDS
space
.
space
COMMUNITY
space
.
space
GUEST BOOK
space
.
space
NEWS
space
.
space
OBITS
space
.
space
PERSPECTIVES
space
.
space
SPORTS
space
.
space
SUBSCRIBE
space
.
space
.
space
PESHTIGO FIRE
space
.
space
CUSTOM PRINTING
space
.
space
TIMES' SAVER
space
.
space
Click for Peshtigo, Wisconsin Forecast
FORECAST
space
Quick...
News or Ad Search
Enter News key words.
Enter Ad key words.



Peshtigo Times
841 Maple St
PO Box 187
Peshtigo, WI 54157
Phone: 715-582-4541
Email:
News@
PeshtigoTimes.com

space
Fax: 715-582-4662
© 2000-2019
All right reserved
space
Powered by
WEB Media
Interactive
COMMUNITY
WEB sites