Finance Committee Meeting
Date: 3/29/2016
MINUTES
Members Present: Frank O'Donnell (chair), Josephine Charnock, Edward Diasio
Members Absent: None
Others Present: Curt Dietrich, Pam Gallagher, Brian Pawling, Doug Peters, Marjie Scott, Steve Skrocki
Meeting called to order at: 6:41 p.m.
Prior meeting minutes: 2/29/2016
ITEMS RECOMMENDED
FOR WORKSESSION /
ACTION MEETING
COMMENTS
Budget Transfers No discussion.
2016-17 School Nutrition
Services Budget
2016-17 Extended School
Care Budget
2016-17 Community
Education Budget
2016-17 North Montco
Technical Career Center
Budget
NEW BUSINESS
Mrs. Gallagher presented the 2016-17 School Nutrition Services budget and executive
summary. Currently the district has an approximate free and reduced student rate of 30%,
which has been increasing at a rate of 2.5% each year. Some of the highlights of the
presentation included a decrease in al a carte food sales, a review of the Summer Food
Service and Child and Adult Care Food programs, and an explanation of the USDA
commodities program. Paid meal prices will remain the same in 2016-17.
Ms. Scott presented the 2016-17 Extended School Care budget and executive summary.
There are 780 students currently in the program. Mr. Skrocki highlighted the increasing fund
balance showing that the program is in a good financial position. Tuition rates for 2016-17
were already approved by the board at the February 18, 2016 meeting which represent a
2.4% increase over the current year.
The North Penn aquatic program budgets will be presented at the April 25th committee
meeting. Mr. Skrocki reviewed the remainder of the Community Education budget which is
showing a slight net increase over 2015-16. The committee will recommend approval to the
full board once the aquatics program budgets are presented.
Mr. Skrocki discussed North Penn's share of the North Montco Technical Career Center
budget. There is a .67% increase in the operating budget expenses and increase in debt
service by 68% because of savings in current year which reduced costs. This represents a
$30,403 decrease from North Penn's preliminary to final budget. The debt service payment
amounts were already accounted for in the preliminary budget and will not be changed.
COMMENTS
Mr. Doug Peters from Voya Financial presented the award plaque to Mr. Pawling for the 2015Meritorious Budget Award 16 ASBO Meritorious Budget Award (MBA). The ASBO MBA is designed to recognize
Plaque Presentation excellence in school budget presentation. This is the first time North Penn School District
has received the award.
Mr. Pawling presented information regarding bidding requirements for public school districts.
Bidding Presentation Some of the items presented were bidding laws, purchasing thresholds, prevailing wage
rates, and the awarding of bids.
Mr. Skrocki reviewed the provided budget summary and discussed items not included on the
summary which were still being considered. The preliminary budget deficit of $8.3 million has
been reduced to $6.4 million through budget reductions and revenue adjustments. The
2016-17 Budget Update
committee established a public Finance Committee meeting for Thursday, April 7 to further
discuss potential adjustments, long term budget projections, and use of the PSERS
stabilization fund balance.
Mr. Skrocki discussed the workers' compensation draft policy that was vetted by the district's
workers' compensation administrator SDIC, the district's solicitor, and the administration.
Workers' Compensation
This policy will be discussed at the April 11 Education/Community/Policy Committee meeting
Draft Policy
with a first board reading planned for May 17.
Forecast5 Presentation This will be presented at the April 25th meeting.
Mr. Skrocki presented information on the revised second look rates for medical and
2016-17 Health Care Rates prescription. The medical rates are increasing by 5.2% and prescription by 12% (a 6.5%
composite increase). The budget will be updated to account for these increases. 1 of 2
INFORMATIONAL ITEMS
COMMENTS
Revenue and Expense
No discussion.
Projections
General Fund Financial
No discussion.
Reports
Salary Schedule No discussion.
EIT, Transfer and
Delinquent Property Tax
Community Education Fund
Statements
Extended Care Fund
Statements
Nutrition Services Fund
Statements
Investment Reports Monthly & YTD
Short Term Capital Projects
Cash Forecast
Hatfield Construction
Project Costs
No discussion.
No discussion.
No discussion.
No discussion.
No discussion.
No discussion.
No discussion.
Budgetary Reserve Report No discussion.
Special Education Report No discussion.
Items for Worksession/Action meeting
February Budget Transfers - 4/21/16 Action Meeting
Summary of Items Moved to 2016-17 School Nutrition Fund Budget and lunch price rates - 4/21/16 Action Meeting
Worksession and/or Action
Meeting
2016-17 Extended School Care Budget - 4/21/16 Action Meeting
2016-17 North Montco Technical Career Center Budget - 4/21/16 Action Meeting
Public Comments:
None
Meeting Adjourned at:
8:40 P.M.
The next meeting will be on Monday, April 25, 2016 at 6:30 p.m. at ESC
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