FINANCE COMMITTEE MEETING
June 5, 2017
Committee Members Present: Edward Hastings, Chair; Members; April Cusick, Kati McCormick
Board Members Present: Tom Connors, Staci Fortunato, Kimberly Martin, Deborah Towle
Administrators Present: James Anastasio, Kathy Casparius, Donna Madore
The Chair called the meeting to order at 7:18 p.m.
Kathy Casparius, Business Manager went over the costs of health and dental insurance for employees and retirees which totals $4,254,857.88. She said the cost of wages and insurance is 59% of the total school budget.
The yearly cost of retirement contributions for employees is $673,351.47.
The continuing education costs for 2017 is $91,940.28. However, our contractual commitment for 2017 is $1,428,306.
The meeting adjourned at 7:34 p.m.