Jan. 23, 2013 —
The Carter County Board of Education met in regular session last Thursday to discuss insurance issues and ongoing construction projects.
Board Treasurer Andy Bond informed the board that the Kentucky School Boards Insurance Trust (KSBIT) program, the collective insurance group that many Kentucky school districts belong to, will dissolve at the end of the fiscal year – meaning that Carter schools will need to find a new insurance provider.
KSBIT’s dissolution will also result in an unplanned financial liability for the county, as all program participants will be required to contribute funds to help pay down the approximately $60 million dollars in liability that the program has accrued.
“We’ll only have to pay based on our participation, which has been small compared to other districts. Our liability will still be less than what we’ve saved through the KSBIT program,” said Bond. Construction updates were then given concerning work at Carter City Elementary and Tygart Creek Elementary.
According to reports from construction supervisors, Carter City Elementary will be completely finished in June and Tygart Creek Elementary will be complete enough for furnishing in early March.
A representative from AIO Recovery, LLC was on hand to present a proposal for services that could potentially provide savings to the county on its monthly utility costs by negotiating better rates and terms with providers.
The board voted 3-2 against accepting the proposal, stating that they believed such negotiations could be adequately handled by their in-house personnel.
Shortly before the meeting’s outset, Circuit Judge Rebecca Phillips swore in board members Keila Rogers-Bender, Chris Patrick, Randy Stegall, David Jessee and Bryan Greenhill.
Greenhill was elected as the new Board Chairman, and Jessee was elected to fill the seat of Vice-Chairman. Both positions will rotate on a regular basis.
Joe Lewis can be reached at firstname.lastname@example.org or by telephone at 286-4201.