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i <br /> 718 language gooks <br /> 0 78 grade language books <br /> These prepays total appro imatley $368,000. <br /> IVIS. Lugo explained that the prepays are estimates, and some items may come in less or <br /> more than expected. Ms. Lugo stated that if something gets unencumbered unexpectedly, <br /> she would like to be able to use those funds to Prepay something else. <br /> IVIS. Lugo also explained that the school is expecting one more quarter of circuit breaker <br /> funding of$70,000. This can be carried into the next fiscal year, or used for prepays. <br /> Mrs. Mills made a motion, seconded by Mr. Bailey, to authorize Ms. Lugo to prepay with <br /> use of unencumbered funds, additional items as identified, and to have discussion <br /> beforehand with the School Committee Chair. <br /> VOTE: Unanimous <br /> Mr. Bailey commended Ms. Lugo and Mrs. Bradshaw on the prepay process. <br /> 4.2 Status o f Grants <br /> Ms. Lugo reviewed the grant balances. <br /> 4.3 Circuit Breaker <br /> Ms. Lugo reviewed the Circuit Breaker balance. <br /> 4.4 Medicaid <br /> IVIS. Lugo reviewed the Medicaid fund balance. <br /> 4.5 Revolving Accounts <br /> IVIS. Lugo reviewed the revolving account balances. The current revolving account <br /> balance is $176,000. <br /> There was discussion about the balances in each account. <br /> Mr. Bailey requested to see the end-of-the-gear reports from previous years. <br /> 4.6 Lunch Program <br /> Ms. Lugo reviewed the lunch program report for the month of May. <br /> 4.3 FY08 Budget Transfers <br /> Ms. Lugo asked the Committee to disregard the budget transfer that was included in the <br /> School Committee packet. <br /> Ms. Lugo explained that at the end of the year, some accounts go into deficit and some <br /> have balances, but the school is not overspent on the total budget. She explained that to <br /> School Committee Finance Meeting 06/18/08 2 <br />