Whitsons Contract Released

After my request to the chairman of the school board to obtain a copy of Whitsons contract, it was posted to the confidential school board page of Timberlane.net.  Since this is a public document, I link it here:Whitsons FSMC Contract 2014-15 – GREEN

The loss guarantee  is found in section 6.1E where is says that loses will be reimbursed to the extent of the management fee which is $35,000 a year.  The “Administrative Fee,” which is not reimbursable, is $65,000 a year.

The contract is up for renewal on June 30, 2015.

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