Cary School District 26 Board of Education Finance Committee met Aug. 17.
Here is the minutes provided by the board:
1. Organization
Procedural: 1.1 Call to Order
The meeting was called to order by Mr. Demkowicz at 7:00 p.m.
Procedural: 1.2 Roll Call
Members present: Mr. Demkowicz, Mr. Bridge, Mr. Janczak
Other members present: Mrs. Potter, Mrs. Hartman, Mrs. Jette
2. Approval of Previous Meeting Minutes
Action (Consent), Minutes: 2.1 Approval of the June 22, 2020 Finance Committee Meeting
Recommended Action: Recommend motion to approve the minutes as attached.
The minutes from the June 22, 2020, Finance Committee were approved as presented.
3. Discussion
Discussion: 3.1 Review of Bills
Mrs. Treto-French presented this month's bills to the committee and answered questions by the Board.
Committee and Board agreed to present this in Section 7 at the August 24, 2020, Regular Board of Education Meeting.
Discussion: 3.2 Treasurer's Report
Mrs. Treto-French reported Year to Date Operating Funds Revenue included: 99% Local, 0% EBF, 0% State, and 1% Federal. Year to Date Expenditures included: 71% Salaries and Benefit, 18% Purchased Services, 2% Supplies and Materials, 0% Capital Outlay, 18% Bond and Interests, -9% Tuition and other. Committee and Board agreed to present the Treasurer’s Report in Section 7 at the August 24, 2020, Regular Board of Education Meeting.
Discussion: 3.3 FY21 Tentative Budget Updates
Mrs. Treto-French presented to the Committee the FY21 Tentative Budget.
• The FY21 Tentative Budget is intended to assist the Board and the public in understanding the District's overall projected finances for FY21.
• The FY21 Tentative Budget is the proposed financial plan for the new fiscal year, which runs from July 1st through June 30th.
• The FY21 Tentative Draft Budget provides a tool for:
– Trend/Scenario Analysis
– Implementation of District Goals/Needs
– Forecasting
Committee and Board agreed to present To Display the FY21 Tentative Budget to Section 8 at the August 24, 2020 Regular Board of Education Meeting.
Discussion: 3.4 Hazardous Crossing Resolution
Mrs. Treto-French presented to the Committee the Hazardous Crossing Resolution.
Committee and Board agreed to present the Hazardous Crossing Resolution in Section 7 at the August 24, 2020, Regular Board of Education Meeting.
Discussion: 3.5 Paper Bid Recommendation
Mr. Fields presented to the Committee the recommendation to approve the FY21 Paper Bid from Midland Paper Company for the amount of $2.36 per ream.
Committee and Board agreed to present the FY21 Paper Bid in Section 7 at the August 24, 2020, Regular Board of Education Meeting.
4. Informational Items
Information: 4.1 Set Next Meeting Agenda
Approval of Minutes
Review of Bills
Treasurer's Report
5. Public Comment
None
6. Adjournment
Mr. Demkowicz adjourned the meeting at 7:33 p.m.
https://go.boarddocs.com/il/cary26/Board.nsf/Public#
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