By JAN McLAUGHLIN
BG Independent News
After being praised during the Bowling Green Board of Education meeting tonight for her work as school treasurer, Cathy Schuller had her contract renewal rejected by the board.
After an executive session Tuesday evening, the school board returned to open session. Schuller recorded the roll call vote, as the board voted 4-1 to not renew her contract.
Her contract expires on July 31, 2024, and the board was required to let Schuller know by March 1 whether or not her contract was renewed.
Schuller was hired as school treasurer in November of 2017. Prior to that she served as assistant treasurer at Rossford school district.
The lone vote in favor of renewing the contract came from board President Tracy Hovest. Voting to not renew the contract were board members Norm Geer, Ardy Gonyer, Ryan Myers and Peggy Thompson.
When reached after the meeting, Hovest said she could not comment on personnel issues or anything that transpired during executive session.
Superintendent Ted Haselman also said he could not comment on why Schuller’s contract was not renewed.
“The board will have to determine what they want to do next,” as far as a search for a new treasurer, he said.
Earlier in the monthly Board of Education meeting on Tuesday, Schuller was recognized for receiving an “unmodified” report back on the district’s state audit. That is the best that a district can get, Hovest said.
Also at the meeting, Schuller reported on the sale of bonds last week for the new high school. It was a volatile day, with a lot of fluctuation and a lot of interest in the school district bonds, she said.
When planning for the $72.8 million high school bond issue, it was predicted that the rate would be 5.25%. But the district ended up with 4.07%. That will save about $13 million over the 30-year life of the bonds, Schuller said.
“That’s huge,” she said. “It was a very successful day.”
