Monadnock Regional School District

School Board Finance Committee

Meeting Minutes

July 11, 2006

Monadnock Regional High School Conference Room

Committee Members Present:

Bruce Tatro, Chairman

James Carnie, Vice Chairman (arriving at 6:40 p.m.)

Phyllis Peterson

Gene White

Other School Board Members Present:

Karen Cota

Budget Committee Members Present:

Richard Bauries

Administrators Present:

David Hodgdon, Assistant Superintendent

Katie Chambers, Business Manager

Tom Warner, Director of Computer Technology (arriving at 6:45 p.m.)

Call to Order: Chairman B. Tatro called the meeting to order at 6:10 p.m.

Approval of Minutes: G. White moved and P. Peterson seconded approval of the minutes of June 6, 2006. The motion passed.

Revenue & Expenditure Reports: K. Chambers distributed Revenue and Expenditure Reports for FY 05/06 as of this date. Both reports showed remaining balances. K. Chambers indicated that she expected some changes in the numbers still and that they would not be final until the audit was complete in August, but that she expected to end the year in the black. The $210,000 FY 04/05 deficit would be deducted from the net FY 05/06 surplus. Committee members questioned who had authorized particular principals to overspend their school’s budget where this had occurred. The question was raised whether the schools whose budgets had been overspent in FY 05/06 were also over expended in previous years. The process of approving amendments to the budget was discussed. K. Chambers was asked to research the state RSA’s with respect to amendments to the budget for the next meeting. Discussion followed on the $359,985 FY 05/06 over expenditure to be covered by excess revenues that the School Board had voted in June to ask the state to approve. K. Chambers was asked to provide copies of the letter that had been sent to the state to the committee for the next meeting.

Minutes on the Web site: T. Warner asked if minutes were going to be sent to him to put up on the District’s web site. It was agreed that the approved minutes would be sent to Terry Stepenuck who would forward them to T. Warner.

Adjournment: The meeting was adjourned at 6:55 p.m. upon approval of a motion by P. Peterson and second by G. White.