FINAL OS SC Mtg Minutes 2018-02-06.pdf

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copies of the FY 19 budget book and presentation. It was noted that this material has already been posted to the website. Ms. Sheffler,Arlington,raised the issue of whether this is the year to be increasing the Stabilization Fund, given the jump in assessments, and expressed a concern about precedent setting. She also expressed a difficulty she anticipated addressing the potential questions in Arlington. Members of the Finance Subcommittee noted that they had spent some time considering the increase in the Stabilization Fund, and the decision was made to be visible,transparent, and straightforward about noting that a cushion is needed, and that the Stabilization Fund is a place to put the cushion. Underfunded FF&E for vocational schools that require significant equipment,reductions in the Perkins grants,the idea that some factors of the budget may be harder to explain until the new building is occupied and the new systems are up and running,that costs would be higher next year,that there is a 3%COLA in the 3'year of the MFA contract, and that it is important to have a more realistic view of the Stabilization Fund were points offered. Ms. Sheffler suggested that if the funds are planned for equipment,perhaps that should be noted. The Chair suggested that she could discuss it further with Mr. Mahoney. Ms. Sheffler noted that she will vote in favor of the budget, as she has no interest in holding things up, and that she appreciates the work of Mr. Mahoney and respects his thinking that it is a real need and a good strategy. The following votes were taken: To approve the proposed FY 19 Budget ACTION 2018#12 Moved(Stulin) and seconded(Spalding) To approve the FY 19 Budget of$21,160,140, as presented VOTE: 10 members in room at time of vote Weighted Vote present: 100% Weight needed: >66.67%(per Regional Agreement) Names of towns opposing or abstaining: none Final percentage results of vote: 100% Final status of the vote: Unanimous To approve the FY Preliminary Assessments ACTION 2018#13 Moved(Stulin) and seconded(Flood) To approve the FY 19 Preliminary Assessments of$14,139,855, as presented VOTE: 10 members in room at time of vote Weighted Vote present: 100% Weight needed: >66.67%(per Regional Agreement) Names of towns opposing or abstaining: none Final percentage results of vote: 100% Final status of the vote: Unanimous b. Approval of 2018-19 Post Grad Tuition Mr.Mahoney addressed the questions related to this item,noting that there has not been an increase in 3 years, and that the survey data show a rationale for increasing. He explained some details of the survey, the current numbers in these programs, and the following vote was taken: ACTION 2018#14 Moved(DeLuca) and seconded(Leone) To establish the Post Grad tuition rate as $7,600 per program, effective July 1, 2018 5