The Prairie South School Division (PSSD) has reappointed several directors to a committee that manages a bursary fund carried over from the former Moose Jaw school division.
During their December board meeting, PSSD trustees voted to have Greg Veillard, John Livingston, George Patterson, Claude Duke, Pam Ludwar, Al Kessler, Mary Jukes and Ron Purdy serve for another year on the Moose Jaw School District No. 1 Bursary Fund Inc.; this is an annual appointment.
“This is an important function of the school division. It (the fund) provides for many scholarships throughout the year,” explained Steve Robitaille, superintendent of business and operations. “The appointments ensure the proper decorum is being followed … and that the fund follows its mandate.”
The fund is a separate legal entity established by the former Moose Jaw School Division No. 1 to collect and invest money donated to provide scholarships to deserving students, according to a board report. PSSD’s board of education is now the sole member of the fund and has the duty to appoint directors.
The bursary fund has registered the business name of Prairie South Schools Bursary Fund so the fund can be seen as more than just a City of Moose Jaw fund. The money held in trust by the school division for scholarships has been transferred to the bursary fund. It is important to understand, said the report, that the transfer of funds does not change anything for any individual scholarship except where the money is housed and accounted for and the interest return it earns.
All current bursary fund members agreed to continue to serve on the board.
It was not mentioned during the board meeting how much money is in the fund.
