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IA HPEB SCHOOL COMMITTEE <br /> T <br /> FINANCE MEETING <br /> DECEMBER 15, 2004 <br /> Minutes <br /> Attendees: Chairman Theresa Cook, Donnalean Lopez, Janice Mills, and Peter Thomas. Mollie Reis <br /> was absent this evening. Also in attendance were Superintendent of Schools Patricia Prolski and <br /> Business Administrator Peter Roche. <br /> 1. Fall Meeting to Order — Mrs. Cook called the finance meeting to order at 6:30 p.m. in the <br /> Quashnet School Library. <br /> . Business Administrator's Report—1 r.Noche addressed the Committee updating the current <br /> status ofthe FY05 budget <br /> 3. FY05 Budget Update — In his report, Mr. Roche said there will be two budget transfers <br /> upcoming during tonight's meeting as well as including the reallocation of funds to lease a <br /> replacement for the postage/mailing meter in the Superintendent's office;he will include monthly <br /> updates on the status of the grants, and capital funding revolving accounts as well as the food <br /> service account;the food service revolving l� ing account currently reflects a balance of 162,306.80. <br /> .1 FY05 Budget Transfers — Motion made by Mrs.. Mills, seconded by Mr. Thomas, to <br /> approve the FY05 budget transfers(see Exhibit A) in the amount of$13,003.03 and $24,000. , <br /> respectively. <br /> VOTE: Unanimous <br /> . FY06 Budget Update—Mr. Roche said the FY06 level service budget package was submitted to <br /> Town Hall on December 10h totaling $19,585,363. He noted grant salaries are included in this <br /> budget. Mrs. Cook noted there is approximately $500,000 in grant positions currently in the <br /> FY06 budget. <br /> Mrs. Cook read aloud correspondence received from the 1 ria hpee Teachers' Association <br /> regarding contractual class size to remain the same during the 2005-2006 school year. Mrs. Cook <br /> said "contractual class size is simply a suggestion." The Committee is aware ofsmall class sizes <br /> are supported by educational research. <br /> Mr. Thomas said referring to the comment in the MTA's letter regarding the Committee's <br /> support for level services" and " e are concerned that this may not be enough to continue, etc. <br /> ...`% he stated last year the school department took a "pretty good hit so being level serviced <br /> based on last year's funding technically puts us in a potentially bigger hole so that's why It was so <br /> important to place the FY "As sumptions"in the budget." <br /> The FY06 Level Service Budget Assumptions were as follows- <br /> Assumption <br /> ollo s-Assumption 1: <br /> Level Service Payroll Budget—Includes all personnel covered by state/federal grants <br />