Monadnock Regional School District

School Board Finance Committee

Meeting Minutes

November 21, 2006

Middle/High School Conference Room

Approved

Committee Members Present:

James Carnie, Vice Chairman

Sue Oerman

Phyllis Peterson

Gene White

Other School Board Members Present:

Karen Cota

Jonathan Kenyon

Colline Dreyfuss (arrived 6:25 p.m.)

Budget Committee Members Present:

Jim Ells

Administrators Present:

Katie Chambers, Business Manager

Ken Dassau, Superintendent of Schools (arrived 6:20 p.m.)

Call to Order: Vice Chairman J. Carnie called the meeting to order at 6:05 p.m.

Approval of Minutes: P. Peterson made a motion to approve the minutes of November 7, 2006, as amended. S. Oerman seconded. Voted in the affirmative.

Funding Maintenance Expenses: Handouts were distributed for the proposed maintenance project warrant article totaling $348,098, and the proposed roof replacement warrant article totaling $428,832. Facilities Committee Chairwoman Karen Cota reviewed these with the committee. She stated that the facilities committee felt the maintenance project warrant should be funded from the 1975 capital reserve fund, but that the funding of the warrant articles should be the recommended to the School Board by the Finance Committee. She explained that there will also be a warrant article proposed for work on the middle/high school gym, but that costing of some of the components was not yet complete. After discussion, G. White made the motion that the Finance Committee recommend to the School Board that the $348,098 maintenance project article be funded from the 1975 capital reserve fund. After a second by S. Oerman, it was voted in the affirmative unanimously. G. White then made the motion that the Finance Committee recommend to the School Board that the $428,832 roof replacement article be funded from the 1975 capital reserve fund. After a second by P. Peterson, it was voted in the affirmative, three votes for, one against.

K. Chambers asked the committee members whether they wanted to recommend to the School Board a warrant article to replenish the Expendable Trust for Maintenance and bring it back to the $60,000 level, stating that the amount anticipated was $32,000. G. White motioned to recommend to the School Board to propose a warrant article in the amount of $32,000 to bring the Expendable Trust for Maintenance back to the $60,000 level. S. Oerman seconded. The motion was passed unanimously.

Budget Transfers: K. Chambers distributed and explained one budget transfer request. A motion made by S. Oerman , and seconded by P. Peterson was unanimously

approved for the transfer request made by Principal Mousette to provide funds for the Gilsum and Sullivan winter physical education activities through transfers from other line items.

School Resource Officer – Modify MOU: There was not time to address this item at the meeting. It was moved forward to the next meeting agenda.

Revenue, Expenditure and Status of Assets Reports: K. Chambers distributed Revenue, Expenditure and Status of Asset Reports for FY 06/07 as of this date.

Legal Bills: K. Chambers distributed a summary of the October legal bills.

Next Meeting: Tuesday, December 5, 2006, at 6:00 p.m. at the Monadnock Regional Middle/igh School.

Adjournment: The meeting was adjourned at 7:00 p.m. upon approval of a motion by J. Carnie and second by P. Peterson.