Budget Oversight
Subcommittee Meeting Minutes
February 08, 2006
(Approved)
The budget oversight
subcommittee met on February
8, 2006 at the SAU building.
Members present were Neil Moriarty, Dick Bauries, and Jane Fortson. Administrators present: Tom Warner, Larry Biron and Dave Hodgdon.
Minutes
from the December 1 and January 11th meetings were approved without
changes.
Larry
informed the subcommittee that FEMA was going to cover the deductible for the
work that was necessary after the flooding in the fall at the Emerson School
basement. The total repairs were
$33,000, with no cost to the district.
Larry
updated the committee on the tuition/expense worksheets. The changes to the worksheets were discussed;
among them is an increase in expenses for $33,760, for 3 new aides at Mt. Caesar. This amount does not include insurance, but
is likely to increase when the benefits are puts through. It is expected that the total number will be
5 aides (only 3 have been added at this time).
There is a possible tuition income item of $11,471 for one child being
tuitioned in to Mt.
Caesar; this is still
being worked out. With these changes
taken into account the remaining over expenditure comprised of an expense
overrun of $320,228 (as of Feb
1, 2006) and the 2004-2005 deficit of $210147 is $530,375. The expected tuitions district wide and trust
fund transfers to offset this amount are currently projected as $1,030,472, for
a net amount of $500,097.
9:50 Tom Warner arrives.
The
committee discussed the charging of electrical costs in ’04-’05 incurred for
inputting the trailer at Cutler to SPED accounts. The budget oversight committee members felt
that charging this to private tuitions in the SPED accounts was not
appropriate. For the trailer put in at
the high school in the ’05-’06 year, the amounts were backed out of Private
tuitions in SPED and charged to a separate line in the SPED accounts that was
budgeted at 0, and will therefore be overspent in the ’05-’06 budget.
The date
for the next meeting is set as March
8, 2006, to be held at the SAU office at 9:30 am.
On the agenda will be the purchase policy in the SAU Manual and a look
at the bidding process, as well as spending some time on determining the
effectiveness of continuing the oversight committee meetings.
There were
no public comments.
Respectfully
submitted,
J. Fortson