APPROVED 1-11-2021

Board of Education Finance Committee Meeting (Monday, November 2, 2020)

Generated by Lisa Gabriel on Thursday, November 19, 2020

Meeting called to order at 2:45 PM

1. Board Finance Committee

A. Call to Order

11:12 a.m.

B. Roll Call

Finance
Committee Members Present: Zen Kelly, Debbie Cary, Jason Tauriainen, Greg Madden(Via Polycom)

C. Approval of Notes Oct. 5, 2020

The notes from the October 5, 2020 meeting were approved as printed.

D. FY21 Estimated Foundation Formula 2020 11 3

Ms. Hayes presented

E. Fund Balance 2020 11 20

Mr. Jones presented the Fund Balance 2020 11 20. He discussed the FY21 Revenue & Expenditure History. He spoke about the unassigned fund balance.

F. KPB Sales Tax Information 2020 11 2

Mr. Jones shared the KPB Sales Tax information. He has been speaking to Ms. Harbaugh regarding the sales tax. She feels that the July, Aug, Sept quarter will be in 16% range.

G. Pools FY19 - FY20 Comparison 2020 11 2

Ms. Hayes presented information relating to pools. All pools are down in revenues. The reason for expenditures and revenue during that time period was because of delays on receiving the funds or billings from prior activities.

H. Room Use Information 2020 11 2

Ms. Hayes presented the Room Use Information.

I. Theaters FY19 - FY20 Comparison 2020 11 2

Ms. Hayes presented information regarding the Theaters for FY19-FY20. Expenditures in April were for previously ordered equipment. June had salaries and benefits and some revenues from theater usage.

J. Utility Comparison 2020 11 2

Ms. Hayes shared the Utility Comparison 2020 11 2 report.

K. Information Requests to Administration

Information Requests:
Mr. Tauriainen would like to see potential losses for this year? Look at Intensive Needs funding losses. What we can do looking forward.
Ms. Cary would like to see services for intensive needs students. Should we be advocating at a higher level? Are we still providing what they need?
Mr. O'Brien noted that we need to consider any potential reductions in this year's budget. Administration should provide a list of potential items for reductions and savings.

L. Adjourn

12:05 p.m.