School Board Meeting 10/30/14

Notes from the October 30, 2014 School Board Meeting

Financial Fiscal Year-end Update (June 2014)

·        General Fiscal Info

o   $3.8 million surplus

§  $0.929 million to Minor Capital=$1.882 million
§  $2.347 to Major Capital=$4.252 million
§  Considering the size of the total budget, this is not huge considering that $2.0 million of this is in an “Emergency Fund”.

o   Recent Year-end surpluses (% of total budget)

§  2009- 3.5%
§  2010-5.0%
§  2011-7.7%
§  2012-2.5%
§  2013-1.2%
§  2014-2.1%

o   Budgeted for 13,801 students at $3,500 per student from state

·        Money Pots (Places holding cash surpluses)

o   Nutrition:  ($92,059)
o   Instructional resources (Texts plus): $42,000
o   Transportation (bus):$1,394,821
o   Grants: $75,000
o   Laptops:

§  $1,099,085 (unreserved)
§  $204,750 (reserved)

o   Health:

§  $3,565,069 (unreserved)
§  $4,258,746 (reserved)

§  Last year was a good claims year.
§  We are self-insured…meaning we pay all of our own claims from our premium pool. Anthem just administers the program.
§  Our Health insurance carrier contract will be out for bid this year (every five years)

Cell Towers on School/County Property

·        About to send out RFP’s for a group to manage cell tower leases·        Schools would lease desirable school property to a group that would, in turn; build, maintain, and sell space to companies needing cell infrastructure. ·        This could become a steady, reliable source of new revenue for the school system.

Notable Board Member Reports

o   Mr. Minnix:

§  “I look forward (Kinda) to the budget process.”

o   Mr. Canada:

§  Concerned about pay equity for bus drivers.  Apparently some who drive more than four hours receive less money per hour for driving more than that.

·        Hours 1-4@$16 an hour
·        Additional hours @$10 an hour

o   Mr. Barrineau:

§  Pointed out that WalMart is reducing/eliminating insurance benefits for its part-time workers as are many other major corporations.  So we aren’t the only ones dealing with this.

Superintendent Search

o   The process begins November 4 in earnest
o   There are 19 applicants.