FINANCE SUB-COMMITTEE MEETING – SPECIAL MEETING

Wednesday, August 13, 2008, District Office Conference Rm., 6:00 p.m.                                 

Meeting was called to order at 6:08 p.m.

Committee members present:  J. Noone (Chair), F. Simone.  F. Gorman absent.

Also present:  Dr. Vita, D. Falcetti, J. Katzin, G. Carr, G. Zaremski, A. Longobucco, P. Buccitelli and P. Perusse.

Approval of Minutes of Special Meeting March 19, 2008:

MOTION made by F. Simone and seconded by J. Noone: to approve the minutes of the special meeting of March 19, 2008.

MOTION carried.  All votes were in the affirmative.  There were no abstentions.

Discussion of Status of 2007-08 Operating Budget:

·         End of Year Financial Statement 2007-08; August 13^th memorandum and Expense Report for Board of Education were presented.

·         Discussed buildings, technology, maintenance accounts, educational programs and personnel costs.

·         Ongoing updates by Director of Business Operations will be provided; future maintenance reports will be provided quarterly.

·         Unexpended funds being returned to General Fund $30,039.01 (unencumbered 6/30/08 $10,021.18; unexpended/unencumbered 6/30/08 $20,017.83).

·         BOE policy statement will be developed regarding status of budget accounts.

Discussion of Operating Budget for 2008-09 as Needed

·         Floor maintenance (LIS and LHS) reviewed; no decision made at this time.

MOTION made by F. Simone and seconded by J. Noone: to adjourn the meeting at 7:03 p.m.

MOTION carried.  All votes were in the affirmative.  There were no abstentions.

                                                                        Respectfully Submitted,

                                                                        Donald R. Falcetti, Recorder