Finance Committee Minutes – 13 January, 2007, Town Hall
Meeting called to order at 9:00 a.m.
Finance Committee Members Present: Colwell, Donovan, McKenna, Ricci, Russo, Sobalvarro
Administrators Present: Leonard, Bragan, Jefferson
Selectmen and School Committee Members present.
The intent of this meeting was to review the schools’ requested budget for FY08.
Notable format changes from last year are that the professional development accounts have been combined.
Offsets are indicated for some areas against specific budget line items; additional revenue for building rental is projected (not defined) for FY08.
General Comments:
- Question raised regarding transferring increased legal expenses (+20k) to the small warrant articles due to on-going HTA/SC negotiations.
- A running tally of new FTEs (new as compared to FY07 budget) was requested by FinComm.
- Jefferson requested input regarding budgeting for projected new SPED enrollment (placeholder was +165k) for FY08, versus requesting reserve fund transfer later in the FY. Discussion ensued, resolution TBD.
- Projected Choice Enrollment dollars for FY08 is $445k.
- Projected Revenue from budget (shown as offsets) was $1.2M, with half of that ($600k) coming from SPED.
- Questions were raised regarding expenditures from the Devens monies; a revised fund balance report was distributed by Jefferson.
The Finance Committee requested:
(a) Projected revenue expected next year; i.e., additional detail not shown in the Fund Balance report
(b) A summary of new FTEs, flagged as to whether they’re benefit-eligible
(c) A summary of new (not in the FY07 budget) FTEs, flagged as to whether they’re benefit-eligible
(d) A projection of expected aggregate raises for non-contract school employees which are not reflected in the budget which was distributed.
FinComm noted that the CPC would be coming on 2/13/07 (not 1/23), and that all members should email Debbie (cc’d to FinComm) regarding outstanding questions on the School’s budget.
Questions from the public were taken.
The meeting was adjourned at 11:45 a.m.
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