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Staff Report WELLSVILLE — The village school district will front itself $1 million by calling back a million dollar lump-sum deposit. According to Superintendent Richard Bereschek, board members also approved the call back of a $1 million certificate of deposit before its maturity date to meet January’s obligations until their foundation payments arrive Friday. A certificate of deposit (CD) is a product offered by financial institutions that provide an interest rate premium in exchange for the customer agreeing to leave it untouched for a predetermined period of time. Bereschek explained ...

Jan 13, 2021 WELLSVILLE — Gary Althiser was re-elected president, and Austin Dalrymple vice president when the Wellsville school board held its organizational meeting on Monday. Barry Arbaugh was reappointed to the Carnegie Library board of trustees. Members agreed to transfer from the general fund: $79,000 into the cafeteria fund and $3,500 into the athletics fund. The board also approved a memorandum of understanding with Kent State Universityfor next school year allowing students to earn College Credit Plus; hired substitute bus drivers Don Chestnut and Ruth Libert-Schmid; and accepted...