FINANCE COMMITTEE MEETING
June 3, 2019
Committee Members Present: Jennifer Dumond-Chair; Michael Michaud
Board Members Present: Staci Fortunato, Edward Hastings, Pia Holmes, Kevin Lamoreau
Administrators Present: James Anastasio, Donna Madore, Kathy Casparius, Troy Alexander, Sarah Landry, Kim Silsby, Jon Stonier, Susan Walters
1. FY20 budget after $89,200 changes decided by Augusta City Council
Kathy Casparius said the budget was reduced by $89,200 then increased by $30,000. The health insurance estimate was reduced from 10% increase to 7.1629%. The increase for tech services went into district funds for technology purchased services. If the budget passes as is, the City’s share will be $874,350 over EPS.
2. RFP for emergency shelter modifications
Jon Stonier said that at the request of the City, a study was done to look at Cony’s current set up to see what it would cost for it to become an emergency shelter. The study found that our current 500 kw generator is quite old and can run only certain parts of the building. The best option the study offered is to have (2) 300 kw generators with dual electrical distribution at a cost of $654,500. The generators would run off natural gas. Mr. Anastasio said the impetus for this study was because Cony High School is listed as an alternative emergency shelter after the Civic Center; however, it has never been properly set up to be able to do that. He said the shelter is not for Cony – it is for the City. The next step is for the City to look at the study and costs to determine if they want to move forward with creating a shelter at Cony.
3. Possible grant from Federal Government to identify Initial Psychosis
Mr. Hastings said the State currently has a block grant available. He will research further and provide more information to Ms. Walters.
4. Other administrative concerns
Ms. Casparius has concerns regarding revenues. Any tuition student that attends Cony and CATC, the district will receive only 2/3 of the tuition. She said we’ve lost between $40,000 - $50,000 this year due to the new law. The amount of money the district will receive for CTE funding is less than anticipated. Mr. Anastasio said if there’s a CATC class that is not full the State will only fund a ½ FTE.
Ms. Casparius also reported that some of our vendors had their checks returned for nonsufficient funds. She said they will be compensated for fees and issued new checks. The error had nothing to do with the school department.
Chair Hastings asked about the unofficial year-end report. He acknowledged that the auditors will not have final numbers for us by June 30th, but would like the report as of that date. The pre-audit meeting will be held June 20th at 5 p.m.
The next Finance Committee meeting will be August 5, 2019.
Meeting adjourned at 6:05 p.m.