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d. Transfer of Inactive Accounts <br /> Mr.Mahoney referenced a list of 5 student activity accounts included in the packet that were found in the <br /> Audit to be inactive, and noted his request to transfer the funds to active accounts that serve similar <br /> purposes. It was pointed out that the Finance Subcommittee had reviewed this request and had voted to <br /> recommend favorable action. The following vote was then taken: <br /> ACTION 2018#23 <br /> Moved(Leone) and seconded(Spalding) <br /> To transfer funds from inactive accounts, as presented <br /> VOTE: 7 members in room at time of vote [not Needham] <br /> Weighted Vote present: 59.65% <br /> Weight needed: >29.83% <br /> Names of towns opposing or abstaining: none <br /> Final percentage results of vote: 59.65% <br /> Final status of the vote: Unanimous <br /> e. Special Education Increment Fee-Nonresident Students <br /> Mr.Mahoney referenced the analysis included in the packet that identified the Special Education costs in <br /> conformance with reporting requirements on the DESE End of Year Financial Report. He explained that <br /> this analysis summarizes the FY 17 actual costs and the FY 18 budgeted cots to calculate both the total <br /> costs and the per student costs of Special Education Services. He explained that based on this data,he is <br /> requesting a vote to establish an increase in the increment for FY 19 and FY 20, as establishing the fee for <br /> two fiscal years allows adequate time for sending towns to properly plan their budgets. <br /> ACTION 2018#24 <br /> Moved(Gammill) and seconded(Leone) <br /> To establish the Special Education Increment Fee for Nonresident Students at$5,300/student for <br /> FY 19 and at$6,200/student for FY 20, as presented <br /> VOTE: 7 members in room at time of vote [not Dover] <br /> Weighted Vote present: 63.11% <br /> Weight needed: >31.56% <br /> Names of towns opposing or abstaining: none <br /> Final percentage results of vote: 63.11% <br /> Final status of the vote: Unanimous <br /> f. Informational: <br /> 1.)Notification of Retirement Board COLA Consideration <br /> Mr.Mahoney explained that as information,with no action required of the School Committee,he was <br /> giving notice that the Retirement Board will consider whether to increase the COLA up to 3%on the first <br /> $13,000 of the retirement allowance for eligible retirees of the system at their upcoming meeting. <br /> 6 <br />