3/17/2004 SCHOOL COMMITTEE Minutes

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MA IVEE SCHOOL COMMITTEE—FINANCE MEETING—MARCH 17, 2004 PAGE 2 r Motion made by Mrs. Mills,,seconded by Mrs. Cook,to approve budget transfer #04-01-40 totaling$3,600.00 VOTE: Unanimous Motion made by Mrs. Mills,seconded by Mrs. Lopez,to approve budget transfer 904-01-51 totaling$60,000.00 VOTE: Unanimous Motion trade by Mrs. Mills,seconded by Mrs.Lopez,to approve budget transfer #04-02-51 totaling$24,458.00 VOTE: Unanimous Motion made by Mrs. Cook, seconded by Mrs. Mills,to approve budget transfer #04-03-51 totaling$21,700.00 VOTE- Unanimous All Motion made by Mrs. Lopez, seconded by Mrs. Cook,to approve budget transfer #04-01-80 totaling$1,500.00 VOTE: Unanimous Motion made by Mrs. l Mills,seconded by Mrs. Lopez,to approve budget transfer #04-01-90 totaling$35,000.00 VOTE: Unanimous Motion made by Mrs. Cook, seconded by Mrs. Mills,to approve budget transfer #04-02-40 totaling$6,670.00 Mrs. Ferguson amended the budget transfer number from - 2- t - 3-4 . Mrs. Cook amended her rn otion to reflect budget transfer numb r -03-4 0. Her motion was seconded by Mrs. Mills. VOTE: Unanimous 3. FY05 Budget Update—Mr. Thomas explained this year's budget process stating that the school department had been requested to submit a level-funded FY05 budget which totals $16,784,75 1. That figure is a $100,000 increase voted by the Board ofSelectmen from the F' 4 budget. Mr. Thomas said that in order for the school department to meet its contractual mandates totaling $700,x00, the fol I oing proposed funding reductions/positions may take place: $ 329,159 - 10.5 professional staff(one special education teacher, eight elementary teachers,and 3 half-tine specialists 47,000 - Central office support staff reductions to positions) $ 4%841 - Supplies,texts, miscellaneous instructional expenses(systems-wide) $ 2300 -- Grade 7 sports— intramurals only 1,000 - Retirement savings 100,000 - Additional funds per Board of Selectmen 100,000 - Additional funds per Finance Committee 700,000