FINANCE COMMITTEE MINUTES

DATE OF MEETING:  June 4th 2007 at 6:00 PM Superintendent’s Conference Room

MEMBERS PRESENT Sue Campbell, Sue Dowling, Derek Grant

OTHER BOARD MEMBERS:

OTHERS PRESENT: Superintendent Connie Brown, Dan Raymond Me DOT, and Business Administrator James Jurdak       

 

AGENDA ITEMS DISCUSSED:

 

  1. Survey GPS antenna at Farrington School.  Dan Raymond of Maine DOT presented a proposal from DOT to place an antenna on Farrington school.   This would be one of eight antennas from Presque Isle to Sanford, which will be used by DOT and other state agencies, for GPS determining coordinates.  The Committee reviewed a handout and questions were asked of Mr. Raymond.  It appears that the GPS will require access to a T-1 line.  The Committee requested that Administration speak with the school department’s Network Administrator to determine if DOT can use of our T-1 line.
  2. Estimated year end balance, for the school year 2006-07 was discussed.  James estimates approximately $650,000 of expenditures less $120,000 shortfall of revenues.  Net estimated carry over is $530,000.  Revenue shortfall due primarily to reduced Medicaid and tuition collections.
  3. Financial statements through May 31, 2007.  James reviewed the eleven month statements.  Revenues are off as noted in the discussion on year end balance.  Currently expenditures are under budget.  The payroll for June 8th will include lump sum payments and other year end payments to employees.
  4. Wage increase for non-represented staff.  Committee unanimously approved a base increase of 2.36% this is the same increase as in the administrators’, teaching, support, and custodial staff collective agreements.
  5. Flex benefit increase to $3,500 for central office directors.  Committee unanimously approved.  This is the same benefit as in the administrators’ collective agreement.
  6. Salary increase for central office administrators.  Three percent was unanimously approved by the Committee.
  7. Health insurance benefit increase for non-represented staff.  Committee unanimously approved increasing from 62.5% to 65% this is the same benefit as in the teaching, support, and custodial staff collective agreements.
  8. Next meeting – Monday August 6, 2007 at 6:00 PM – Superintendent’s Conference room - Hussey Elementary School.

 

      Meeting adjourned 6:50 PM