New York Yankees donate $35K to Montoursville schools
MONTOURSVILLE — The New York Yankees, on behalf of Mike Mussina, donated $35,000 to Montoursville Area School District athletics. The school board formally accepted the money Tuesday.
“It was a contribution to the district relative to (Mussina) being inducted into the hall of fame,” said Scott Konkle, board member. “It’s going to be for sports but above and beyond budgetary items”
A process for determining how the money will be distributed has yet to be discussed.
“This caught me by surprise,” said William Ruffing, board member. “It’s just amazing what this individual has done for this school district and we’re very, very appreciative.”
Under other business, the school board moved forward with a bond refinancing that is estimated to save the district about $250,000.
The resolution allows the district to incur $20.2 million in a series of general obligation bonds.
The move is similar to the refinance made in June, said Megan Haas, with a bond agency.
“The savings shall not be less than 1 percent,” or about $100,000 in savings, she said. “Above 1 percent you can decide not to go through with it.”
Currently, the market is setting up the savings to be about 2.7 percent, she said.
The 2015 and 2017 bonds will be refinanced, which will save money through the debt service the school district pays.
“If the market stays where it has been, I think the savings are worth it,” said Brandy N. Smith, business manager and secretary.
Under personnel, the board also voted 8-1 to renew a five-year contract with Smith to continue as business manager.
In other business, the board:
• Waived an admission fee to a “Teddy Bear Toss” event at a boys’ basketball game on Dec. 13 for those bringing a stuffed animal to the game.
• Approved Brooke Wise, of the American Cancer Society, to use Montoursville High School cafeteria from 8 a.m. to 2 p.m. Sunday.
• Approved to contract with Conrad Siegel to provide mandatory Affordable Care Act reporting for 2019 at a cost of $6,800, which is the same as the 2018 rate.
• Approved of a $2,000 stipend to Daniel Fredericks, assistant softball coach.
The board is next scheduled to meet at 7 p.m. Dec. 3 at the high school, 700 Mulberry St.