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n <br /> F SCHOOL COMMITTEE—FfNANCE MEETING—MARCH 21, 2007. PAGE <br /> 2.2 FY 07 Budget Transfers- See Exhibit A <br /> Budget transfer 07-01-315 in the amount of$ 1500.00 <br /> There was discussion as to a clarification of why this amount was being <br /> transferred as there are funds currently in that account. A decision was made to <br /> postpone the vote at this time. <br /> Budget t transfer 07-02-315 in the amount of S 2721.00 <br /> Mr. Thomas motioned to approve the budget transfer, Mrs. Mills seconded. <br /> VT ; Unanimous <br /> Budget t transfer 07-03-315 in the amount of$1625.00 <br /> Mrs. Mills asked for clarification of this item. She expressed concern that funds <br /> would be taken from a professional development account. Mr. Dees explained <br /> that this is for payroll for the bookroom set up. He explained that this is an <br /> extensive process requiring a high-level of skill to do the sorting. <br /> Mrs. l ornkey motioned to approve the budget transfer, Mr. McNamara seconded <br /> VOTE: Unanimous <br /> Budget transfer 07-04-315 in the amount of$121.65 <br /> This transfer was to cover payroll for Cathy Loyko to work one additional day t <br /> complete preparation for the MCAS examinations. <br /> Motion made by Mr. Thomas to approve the budget transfer, seconded by Mrs. <br /> orkey. <br /> VOTE-Unanimous <br /> 2.3 Circuit Breaker Update <br /> Mr. Brown reviewed the Circuit Breaker account. He explained that the school is <br /> presently investigating residency concerns. As well, he demonstrated how this <br /> account would be impacted if there was not any Circuit Breaker Funding. <br /> III. Report from Budget t Sub-Committ <br /> Members of the committee met on this past Saturday for three hours to narrow the <br /> difference between the town and the School Committee's proposed budgets. The <br /> committee has made some cuts that will have the least amount of impact on <br /> students. The amount to be cut is $458,000.00. Mrs. Grady met with Ms. Mason, <br /> Ms. Cook, Mr. Avis, and Ms. Thayer to discuss the budget. The town manager <br /> has agreed to increase funding over$98,562.00 due to the Cape Cod Regional <br /> Technical School projections. Also, there is an increase of$104,000 in Chapter <br /> 70 funds available in October. This would not require a petition. This has <br />