FINAL SC Minutes 2018-12-11.pdf - Laserfiche WebLink

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6. ASSISTANT SUPERINTENDENT'S REPORT,Kevin Mahoney(continued) a. FY20 Budget Update Mr. Mahoney presented a 2-page report updating Committee members on the FY20 budget. This budget reflects recent budget adjustments geared towards the transition and accommodations for the needs we expect going into the new building and a new budget total of$19.667,796,exclusive of debt service. • Mr. Mahoney also gave an overview of needs the District is anticipating going into the new building, as well • as new staffing positions. Ms. Flood noted that the Finance Committee agrees with the position for the preparations for next year. as well as the annual increase in the operating budget for next year,and noted that communities will be adsorbing the capital charge over the next years. and that the difference between the 3.4% and 3% increase in the operating budget is relatively minimal at this point in time when balanced against the uncertainties of the new building and enrollment. Discussion ensued. b. Approval for the Request to Dispose of Surplus Property Mr. Mahoney recommended approval of the request for the disposal of surplus property. ACTION 2018#86 Moved(Spalding)and seconded(I.eoni) To authorize the disposal of surplus property,as presented, VOTE: 9 members in room at time of vote Weighted Vote present: 93.51% Weight needed: >46.75% Names of towns opposing or abstaining: None Final percentage results of vote: 100% Subcommittee Reports Strategic Planning Committee: Ms.Sheffler shared with Committee members the work of the Strategic Planning Committee relative to Goal #2 which focuses on their vision for the next leadership of the District and presented the draft document the group worked on highlighting the CVTE environment in Massachusetts, as well as Minuteman historical information. Ms. Sheffler asked Committee members to review the document and noted that this item will be revisited with the Committee next spring. Finance Committee: Ms. Flood acknowledged the tremendous amount of work done by Mr. Gammill relative to Section X(B), and that the Finance Committee continues to discuss the content of the formula and how it fits with other policies and initiatives. At this point in time,the Finance Committee brings it forward to the School Committee for suggestions and input. Mr.Gammill provided a brief summary of the documents and noted that this discussion will continue at the next School Committee meeting on December 18'h. Mr. Horton encouraged members to review the documents to grasp everything being discussed. -4- 000043