The Superior School Board will discuss the district's investment policy for its post-employment benefit fund Wednesday.
The fund is a Fund 73, which school districts can use to save for any retirement benefits. Superior's trust is being used to fund the district's health benefit contracts with retirees.
The board will consider the administration's recommendation that it approve an agreement for establishing the trust with M&I Bank.
The district already has trust agreements with Northwestern Mutual and Mid-America. This agreement will give the district more possibilities for investing, said Business Manager Jack Amadio.
Currently, about $3.9 million is invested in the trust between the three financial institutions.
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In other business: The board will also discuss the revenue cap projection for the 2007-2008 school year. The projected revenue cap is about $42.1 million. The board also decides on its meeting schedule for the 2007-2008 school year, and bids for seed and fertilizer and boilers for Cooper Elementary School.
The board is seeking applications for its vacant seat.
Applications addressed to school board president Len Albrecht are being accepted through May 18 at the district office, 3025 Tower Ave.
Anyone interested in the position must be a citizen of the United States, a resident of the district and age 18 or older.
