Laserfiche WebLink
How Surplus Funds are to be Spent <br /> The Finance Committee requested a specific delineation of how the balance, <br /> after paying the Falmouth tuition deficit, is to be spent. The School Commit- <br /> tee has not provided this information. <br /> Inventory of Supplies and Equipment <br /> The Finance Committee requested an inventory of supplies and equipment as of <br /> April 10, 1991. The School Committee has not provided this information. It <br /> is indicated that we could have access to the annual inventory. This, of <br /> course, is dated material and would not be useful in this situation. It is <br /> also indicated that it would require that schools be closed for several half <br /> days to complete an inventory. <br /> Summary of Purchases <br /> The Finance Committee requested a summary of all purchases, encumbrances and <br /> requisitions for the period of January 1 through April 5, 1991. <br /> We were told by the Chairman of the School Committee that a summary of <br /> purchases had been sent to us. In another case of mis-information, we instead <br /> received a memo from the Superintendent indicating that "in the spirit of <br /> cooperation, our records are open for your inspection every work day from 8:30 <br /> a.m.- - 4:30 p.m. Please call for an appointment." <br /> Examining the Surplus <br /> Lacking the specific details we requested, our considerations must be based on <br /> the information we have available. One such source is the information con- <br /> tained in page 18 of the School Committee packet for the meeting of March 22, <br /> 1991 . <br /> In this document the School Committee has reported that the surplus of <br /> $368,550 is a result of savings in four areas: <br /> Personnel Resignations and Leaves = 28 314. . . .this seems <br /> like a 7ogical source and amount of savings. However, <br /> without being provided with information concerning how <br /> much money is being transferred from salaries to other <br /> accounts there is no way to verify the accuracy of this <br /> figure. <br /> En-- ergs Costs - 60 000. . . . the School Committee indicates <br /> that this savings is the result of a mild winter. However, a <br /> review of the FY90 and FY91 budget information provided to the <br /> School Committee at the March 22nd meeting reveals an inconsistency <br /> with this rationale. In FY90, the coldest winter in years, the <br /> 3 <br />