A family-owned daily newspaper serving Riverton, Lander and Fremont County, Wyoming since 1949

District 21 moving funds to save money

Dec 5, 2013 - By Kelli Ameling, Staff Writer

The Fremont County School District 21 Board of Trustees has approved moving funds from the Wyoming State Treasurer's Asset Reserve (Wyo-STAR) to the Wyoming Government Investment Fund.

During the district's board meeting Nov. 13, associate superintendent of finance consultant Kirk Schmidt told the trustees why he thought the funds should be moved.

"This is another avenue available to us," Schmidt explained. "It safeguards our funds to get 100 percent of the money we put in."

Superintendent Terry Ebert said with Wyo-STAR, the school has the potential to lose money it puts in.

"By moving, we won't lose the funds," Ebert said.

Board treasurer Karen King asked Schmidt if he wanted to move roughly 50 percent of the funds immediately.

Schmidt said "no," stating he only wants to move a little bit at a time to the new fund.

He said if the money were to be moved over now, the board would lose money because the fund is down from when the district started investing in it.

"We will move money out as it gets better," Schmidt said.

Get your copy of The Ranger online, every day! If you are a current print subscriber and want to also access dailyranger.com online (there is nothing more to purchase) including being able to download The Mining and Energy Edition, click here. Looking to start a new online subscription to dailyranger.com (even if it is for just one day)? Access our secure SSL encrypted server and start your subscription now by clicking here.

Related Stories

Related Tags

County Weather

Photo Gallery

Twitter Feed (Follow Us!)

Contact Us  © 2017 Riverton Ranger, Inc.