Discuss and take appropriate action on the distribution of funds for the Hutto Education Foundation

The Hutto Education Foundation (HEF) provides grants and scholarships to students, teachers, and faculty members in Hutto ISD. HEF is a conduit for the distribution of funds allocated by the Commissioners Court to the Hutto Education Foundation. Per the Memorandum of Understanding between the Commissioners Court and HEF, we have an agreement that up to One Percent (1%) or no less than $20,000 of Solid Waste Fees shall be transferred to the Hutto Education Foundation at the Commissioners Court's discretion, that 25% or a minimum of $20,000 of the Solid Waste Fees received goes into the Permanent Endowment Fund. The recommendation for last year was $225,000 in total, with $220,000 going toward the Endowment Fund. 2020-2021 the organization met the minimum fund balance and was able to utilize the available interest for its scholarship program. HEF funded $30,500 in scholarships to Hutto ISD graduating students and renewal students and funded ALL eligible TSTC applicants in their 3rd & 4th semester, totaling $6,000 to TSTC Foundation to distribute. This year’s recommendation is $250,000 to be divided as follows: $245,000 for the Endowment Fund. $5,000 for administration expenses.