This is an unofficial recap of the major actions taken at the December Heartland Board of Directors meeting. Complete minutes are available after the President’s approval on the Heartland server under Meeting Notes.
The December 9, 2008, Board of Directors meeting was held electronically because of inclement weather. It is necessary to hold this meeting by electronic means pursuant to Iowa Code Section 21.8.
Dr. Kilcrease made a request to the Board from staff asking that the current retirement policy be extended another year. The current policy expires June 30, 2009, and changes in the new policy negatively impact many long-term employees. By extending the policy an additional year, employees would have sufficient time to plan. The Board approved the extension to run through June 30, 2010.
The Board moved to have the Agency participate in the Iowa School Cash Anticipation Program (ISCAP). This is a preemptive move that allows the Agency to participate should the Agency experience cash flow issues.
The Board approved the authorization to utilize designated and undesignated fund balance that allows the Agency to put into the amended budget the potential for utilizing these balances for current facility needs or to reduce the outstanding debt on the Adel facility.
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