Creating a revenue generating center for the School District

By Manolito V. Vitug

This will generate funds for the district to enable it to continue with normal operations in case of budget cuts.

Objective. To develop a program of generating funds for the School District in order to enable it to continue with its normal operations in the event of budget cuts.

There are several ways of generating funds.

Strategy. One such project is the establishment of a Federal Credit Union.

First of all, the Credit Union's creation shall provide a service to the members in terms of savings and checking accounts, time deposits, secured credit cards, car loans, and residential loans. Its profits will be distributed, as required by law, to the credit union members who are the teachers, parents and residents of the community.

Secondly, the Credit Union shall generate additional income through business brokering and consulting. Its consulting function will include assisting certain companies in the Inland Empire to obtain Federal grants for their operations. These will be those companies which can qualify for Federal grants, businesses whose operations are or can be geared towards export of their products to other countries. The school district shall be the beneficiary of a major portion of the fees that the Credit Union will generate from this business activity.