October 24, 2024 at 5:30 PM - Finance Committee Meeting
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1. CALL TO ORDER/ROLL CALL
Description:
FINANCE COMMITTEE MEMBERS
Peter D. Theodore (BOE), Chair Jay Oleniczak (BOE), Co-Chair John P. Vranas (BOE) Michael Bartholomew, Community Member Maja Kenjar, Community Member Steven Pawlow, Community Member Paul Stellatos, Community Member ADMINISTRATORS/STAFF Dr. David L. Russo, Superintendent of Schools Dr. Dominick M. Lupo, Assistant Superintendent for Curriculum and Instruction Courtney Whited, Business Manager/CSBO Jordan Stephen, Director of Technology |
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2. AUDIENCE TO VISITORS
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3. APPROVAL OF MINUTES
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3.a. Finance Committee Meeting Minutes - JULY 18, 2024
Description:
Motion by member:_______________ Seconded by:__________________
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3.b. Finance Committee Meeting Minutes - SEPTEMBER 19, 2024
Description:
Motion by member:_______________ Seconded by:__________________
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4. INFORMATION/DISCUSSION: FUND BALANCE REPORT
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4.a. Fund Balance Report - AUGUST 2024
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5. OLD BUSINESS
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6. NEW BUSINESS
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6.a. INFORMATION/DISCUSSION/ACTION: 2024 Estimated Levy Draft
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6.b. INFORMATION/DISCUSSION/ACTION: WasteNot, Inc. Service Contract
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6.c. INFORMATION/DISCUSSION/ACTION: Heartland School Solutions - Mosaic Platform
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7. INFORMATION/DISCUSSION: District Purchasing Update(s) - Dr. David L. Russo, Dr. Dominick M. Lupo, Jordan Stephen
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7.a. Flocabulary Renewal for 2024-2025
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7.b. XtraMath Renewal for 2024-2025
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7.c. BreakoutEDU Renewal for 2024-2025
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7.d. Signup Genius Platinum Renewal for 2024-2025
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7.e. BrainPop ELL Addition 2024-2025
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8. INFORMATION/DISCUSSION: District Finance Update - Courtney Whited, Business Manager/CSBO
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8.a. On October 10th, District 219 indicated the intent to go out to bid for regular education transportation services for the District cohort including 70, 71, 74, and 219. After the 2015 contract and nine-year series of amendments to extend it, the Districts must issue a Request for Proposals.
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8.b. Administration and District legal counsel are working through the process for the full Board's approval relative to the increase in Administrative Costs on the adopted FY2025 Budget.
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8.c. In general, the Board of Education needs three meetings to address all necessary legal steps for the sale of working cash bonds.This timeline enables the District to generate working cash bond proceeds by April 15, 2025:
January 9, 2025 – Board adopts resolution of intent & a resolution calling a BINA hearing at regular meeting February 6, 2025 – Board holds BINA hearing at regular meeting March 6, 2025 – Board adopts parameters resolution for the bond sale Late March 2025 – Bonds sold; delegates approve results April 15, 2025 – Bond issue closes; District receives proceeds |
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9. ADJOURNMENT
Description:
Motion by member: _______________ Seconded by: ________________
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