March 1, 2021 at 5:30 PM - Finance Committee Meeting
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I. Call to Order
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II. Discussion Items
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II.A. Financial Auditing Services - RFP Update
Description:
A Request for Proposals was issued on February 12th and sent to seven recommended firms. Proposals were received on Wednesday from five qualified firms and are in the process of being reviewed.
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II.B. Plan for MacArthur Projector Replacements
Description:
In accordance with the Educational Technology Plan 3.0, the classroom projectors have been identified as a priority for the remainder of FY21, FY22 and FY23. MacArthur has been selected to receive the first round of replacements in FY21 and early FY22.
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II.C. Extra Duty Stipends - Discussion of Activity Status
Description:
At the last meeting of the Joint Extra Duty Committee, Administration was asked to consider a plan of use for stipend dollars that have gone unspent and will remain unallocated this year. The objective of the meeting’s discussion is to understand how the Committee would like these funds allocated.
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II.D. Budgetary Guidelines - Discussion
Description:
Amy has prepared and attached an overview of budgetary initiatives and considerations in preparation of the FY22 Budget. The FY22 Budget Calendar was presented back in October and is attached for the Committee's reference.
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II.E. Working Cash Bond Update
Description:
As discussed at the February Board meeting, the formal Resolution of Intent for Working Cash Fund Bonds will be brought to the Board for approval in March, as well as the Bond Issue Notification Act Order which requires the Board to hold a public hearing prior to the sale. The date for the public hearing will be set for April 14, 2021.
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II.F. Elementary and Secondary School Emergency Relief Fund (ESSER Fund) Update
Description:
As shared with the Board, we have been told that the District's allocation of ESSER Funding equates to $467,000. The anticipated guidelines have been attached for your review. At this point, we are continuing to meet with staff and gather feedback on potential expenditures in the areas of: personnel, physical space modifications, mitigation supplies and equipment, technology, and curriculum and instruction.
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II.G. Financial Reporting to the Committee
Discussion:
Monthly review of Year to Date Revenue and Expenditures
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III. Old Business
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III.A. Approval of Minutes - Finance Committee Meeting of February 1st, 2021
Discussion:
The Finance Committee recommends approval of the minutes from the February 1, 2021 meeting as written.
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IV. New Business
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V. Adjournment
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