The Vincennes School Corporation earned over $366,000 from interest bearing funds in 2019.
Chad Deckard, vice-president and senior financial consultant with German American Bank told members of the school board on Monday that the corporation had over $800,000 in interest bearing accounts.
Deckard noted that interest rates dropped sharply in the latter part of 2019. He says current rates are a half-percent for 6-to-12 months and 1.65 for 12 months and beyond.
He says sometime during the current school year, the board of finance will need decide where they plan to allocate and earmark funds for spending.