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Meeting Agenda
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I. Call to Order and Roll Call
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II. Approval of Agenda
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III. Audience to Visitors and Other Communications
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IV. Old Business
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V. New Business
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V.A. Review first half of fiscal year financially and new financial impacts for Fiscal Year 2018
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VI. Adjournment
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Agenda Item Details
Reload Your Meeting
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| Meeting: | February 2, 2017 at 8:30 AM - Finance Committee Meeting | |
| Subject: |
I. Call to Order and Roll Call
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| Presenter: |
Mr. Buresh
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Description:
Superintendent Mr. Buresh will call the meeting to order and Chris Kidd will call the roll of members. Mr. Buresh will also introduce any guests that we have present. Mrs. Celus and Mrs. Heitzler, AEA Co-Presidents plan to attend.
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| Subject: |
II. Approval of Agenda
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| Presenter: |
Mr. Buresh, Superintendent
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Description:
There should be no additions to the agenda.
Recommendation: I recommend you approve the agenda as presented. |
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| Subject: |
III. Audience to Visitors and Other Communications
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| Presenter: |
Mr. Buresh, Superintendent
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Description:
AEA will have two representatives. at the meeting.
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| Subject: |
IV. Old Business
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Description:
None
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| Subject: |
V. New Business
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| Subject: |
V.A. Review first half of fiscal year financially and new financial impacts for Fiscal Year 2018
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| Presenter: |
Mr. Buresh
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Description:
The Board was already presented with the first half of year financial information at the January 2017 Board meeting. I have included a new one that is up to date, except it doesn't have any receipts in it for January of 2017. Thus, the expenses are accurate, but January receipts have yet to be added. Finance Committee Members were informed that we would not have complete up-to-date end of the month financial data for this meeting earlier in the month. At this moment in time, I do feel that we will probably receive more money in revenues than was budgeted, however, I do feel that expenses will be tighter than anticipated at this moment in time. I still don't think we will need to amend the budget unless variables change that can't be controlled.
There are no new definite financial impacts for Fiscal Year 2018 that haven't been at least minimally discussed before. We are on a waiting game with the Illinois Legislature on all state and some local decisions that will impact us financially. Once again, we have put ourself in a really good position over the past couple of years to weather this for next year. I will not be recommending any staff reductions (dismissals or not replacing staff that retire or leave are not included in this scenario) or any budget cuts for Fiscal Year 2018 based on definitive information that we have right now. I will be striving to keep staff morale upward and the quality of education high. Nobody at the January 2017 Board meeting wanted me to do that, however, it truly is the only way that we will come close to balancing the budget. Adding additional building or transportation costs will only likely increase the deficit. A Transportation Committee Meeting and a Building Committee meeting will take place before the Finance Committee Meeting this week and if there are recommendations that the Finance Committee needs to address, I will bring that information on Thursday. In the Winter/Spring of Fiscal Year 2018 the Board will be negotiating a contract with the AEA and setting salary for noncertified people too. This does NOT have an impact on Fiscal Year 2018 but will have an impact of Fiscal Year 2019. |
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VI. Adjournment
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Description:
The next Board of Education Finance Committee meeting will be held on Thursday, April 6, 2017 from 8:30-9:30 AM.
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