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MINUTES

FINANCE COMMITTEE MEETING

December 7, 2020

5:30 p.m.

Via Zoom

 

Committee Members Present:  Jennifer Dumond-Chair, Kevin Lamoreau, Amanda Olson 

Board Members Present: Staci Fortunato, Edward Hastings, Pia Holmes, Kati McCormick, Jan Michaud 

Administrators Present:  James Anastasio, Katy Grondin, Troy Alexander, Teresa Beaudoin, Kathy Casparius, Nick Gannon, Heather Gauthier, Monique Roy, Kim Silsby, Jon Stonier, Shelby Thibodeau, Theresa Violette, Susan Walters  

1.  Minimum wage – discussion 

The minimum wage is going up to $12.15 per hour effective January 1, 2021.  This change will affect mostly regular substitutes and will have very little impact on the budget.  Motion by Kevin Lamoreau that beginning January 1, 2021 all salaries that are less than $12.15 per hour go to $12.15 per hour, second by Amanda Olson, so moved 3-0. 

2.  Budget Planning (Definition of terms) 

Mr. Hastings said the purpose of this discussion is to clarify how the budget is presented to the board.  He said by defining the terms and parameters of the reports the intended outcome is a better understanding of the Superintendent’s budget.  He explained the terms “baseline” budget, “status quo” budget and the “superintendent’s recommended” budget and provided sample spreadsheets. 

The meeting adjourned at 6:09 p.m.