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Minutes

FINANCE COMMITTEE MEETING

November 6, 2017

6:30 p.m.

 

Committee Members Present:  Edward Hastings, Chair; Members; April Cusick, Kati

McCormick  

Board Members Present:  Tom Connors, Staci Fortunato, Pia Holmes, Kimberly Martin 

Administrators Present:  James Anastasio, Kathy Casparius, Donna Madore

 

1.  Review and explain ED279 

          ED279
                Attachment 1

         New School Funding Laws
                Attachment 2

 

Mr. Anastasio explained the Department of Education’s ED279 funding formula.  It’s a state calculation for funding public education Pre-K-12.  The idea behind the ED279 is to use the funding formula as a means to distribute the amount of money set aside for education in a way that makes it equitable across the state.  The State allocation is based on the number of students, number of staff, free and reduced lunch count, special education and ELL population.  The School Department gets the ED279 from the State sometime in April or May.  Mr. Anastasio said the difficulty is that we must submit our budget to the city by the end of March which is before we get the ED279. 

The attached 2018-19 New School Funding Laws for School Administrative Units gives a look into the future of the ED279. 

Meeting adjourned at 6:55 p.m.