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<br /> September 28, 2006 <br />supervisory staff for building maintenance including 5 custodians, and custodial <br />services. Tom will send a draft organization chart. They have not resolved what <br />the budget would be. <br /> <br />- There are two financial reporting issues: (1) special education; (2) some capital <br />expenses were charged to the operating budget and netted off. The business <br />office was not getting notified soon enough about out of district placements. <br />Supplies budgets will potentially be cut back because of these overruns; the <br />override was intended to bring supply budgets back to FY04 levels. The School <br />Committee is also discussing building reserves or a continuing balance account in <br />the school budget for special education. It acknowledges that the $260K in FY07 <br />was inadequate and that it will need to present historical data on expenses to <br />demonstrate the need for a reserve. This Committee discussed whether or not that <br />reserve fund should be in the school budget or the general fund. <br /> <br />This Committee discussed the recommendations of the Financial Policy Committee. <br />Deborah Brown proposed that this Committee decide which of the recommendations <br />requires immediate recommendation for the FY2008 budget, in particular looking at <br />reserve levels. <br /> <br />The meeting was adjourned at 9:50 PM. <br /> <br />Respectfully submitted, <br /> <br />Mike Kennealy <br /> <br /> <br />Approved February 22, 2007 <br /> - 2 - <br />