FINANCE COMMITTEE MEETING
October 2, 2017
Committee Members Present: Edward Hastings, Chair; Members; April Cusick, Kati
Board Members Present: Tom Connors, Staci Fortunato, Pia Holmes, Kimberly Martin
Administrators Present: James Anastasio, Kathy Casparius, Donna Madore, Theresa Beaudoin, Kimberly Silsby, Jon Stonier, Susan Walters
1. Income/expense report for special education
Detailed income and expense information was provided by Director of Business, Kathy Casparius. Special Education grant money (which is called Local Entitlement) for 2017 totaled $877,469.26. State subsidy for Special Education was $3,496,178.45. That fell short of total expenses by $1,036,205.77 which came out of our local funds. Susan Walters, Director of Special Education said some Special Ed. revenue comes from billing MaineCare for reimbursement for physical, occupational, and speech therapy. She explained the difficulties around the DOE and DHHS and billing for services under Maine Care. Mrs. Casparius and Donna Madore, Assistant Superintendent, gave an overview and an explanation of the different grants and what they are used for. The grants are - Title I which is the literacy grant; Title II is for Professional Development; Title III is for ELL; Title IV is also for Professional Development; Title V is for Rural Grant Funds; Local Entitlement grant for special education; a Pre-K special education grant; Perkins Grant is for CTE; and MELMAC which is a State grant. Susan Walters said the percentage of the special education population is 17% which is down from a high of 24%. The state average is 14%.
2. Purchase of tractor
Jon Stonier, Director of Buildings and Grounds, said he would like to purchase a tractor with salt spreader and trailer for snow removal. Due to savings, there is money in the existing budget. The total cost is approximately $30,000. Mr. Stonier feels the purchase will reduce injuries, man hours and overtime.
The Committee approved the purchase of the tractor, spreader and trailer and to begin the bid process.
Meeting adjourned at 7:30 p.m.