Tuesday, August 29, 2006
Finance Committee
Warren County Career Center
1. Opening Activities
Subject :
1.1 1.01 Call to Order
Meeting :
Aug 29, 2006 - Finance Committee
Category :
1. Opening Activities
Subject :
1.2 1.02 Public Comment
Meeting :
Aug 29, 2006 - Finance Committee
Category :
1. Opening Activities
2. New Business
Subject :
2.1 2.01 IU5 WAN Letter of Commitment
Meeting :
Aug 29, 2006 - Finance Committee
Category :
2. New Business
Recommended Action :
Motion:
Subject :
2.2 2.02 Bond Payments
Meeting :
Aug 29, 2006 - Finance Committee
Category :
2. New Business
Subject :
2.3 2.03 Tax Anticipation Note
Meeting :
Aug 29, 2006 - Finance Committee
Category :
2. New Business
Recommended Action :
Motion:It is recommended that the Warren County School District authorize the treasurer to establish procedures that expedite the procurement of Tax Anticipation Notes with the appropriate entity. These procedures would be employed in the event that a temporary cash short-fall would occur. Further, that the School Board authorizes the Treasurer, Board Secretary and Board President as signatories to procure up to $ 5 Million Dollars to be used only for temporary cash needs.
3. Old Business
Subject :
3.1 3.01 Nutrition Advance Disposition
Meeting :
Aug 29, 2006 - Finance Committee
Category :
3. Old Business
Recommended Action :
Motion:It is recommended that these funds be allocated as an unrestricted and undesignated portion of the fund balance except for $ 8,000 to be used to purchase the “SNAP” system from Nutrition, Inc. It is anticipated that the School District will receive a credit of $8,000 from Aramark Educational Services, Inc.
Public Content
On August 11, 2006 The Warren County School district received a check from Nutrition Inc. for $ 105,300.33. These funds are a return of an advance paid by the School District per contract terms in prior years.
Subject :
3.2 3.02 RCAP Grant Disposition
Meeting :
Aug 29, 2006 - Finance Committee
Category :
3. Old Business
Recommended Action :
Motion:It is recommended that these funds be allocated as an unrestricted and undesignated portion of the fund balance.
Public Content
On July 14, 2006 The Warren County School district received a check from the Redevelopment Capital Assistance Program for $ 24,520. These were additional funds obtained through the diligence of the building & grounds department in connection with a matching grant from the 2000-2001 fiscal year.These funds are not included in the Budget for 2006 2007.
Subject :
3.3 3.03 Custodial Reallocation
Meeting :
Aug 29, 2006 - Finance Committee
Category :
3. Old Business
Recommended Action :
Motion:It is recommended, contingent upon satisfactory review by Labor Counsel, that the original motion be forwarded to the Board for action.
Public Content
At the August 14, 2006 Warren County School District Board Meeting it was proposed that the District transfer a custodial position, due to retirement to Aramark, Inc., at an estimated cost savings of $ 16,500 per annum. This motion was tabled seeking review from Labor Counsel.
Subject :
3.4 3.04 Internal Audit Committee
Meeting :
Aug 29, 2006 - Finance Committee
Category :
3. Old Business
Recommended Action :
Motion:That the Finance Committee approves the Time Line for establishing an Internal Audit Committee for the Warren County School District.
Public Content
Plan Submitted to Finance CommitteeSeptember 15, 2006Plan Approved by Finance CommitteeOctober Finance MeetingPlan Approved by School Board October Board MeetingLegal Notice & News ReleaseOctober 15, 2006InterviewsOctober 16 – 31, 2006Recommend Candidates to BoardNovember Finance MeetingBoard Approval of Appointees November Board Meeting
Subject :
3.5 3.05 District Energy Monthly Report
Meeting :
Aug 29, 2006 - Finance Committee
Category :
3. Old Business
Subject :
3.6 3.06 Tax Study Commission Interviews
Meeting :
Aug 29, 2006 - Finance Committee
Category :
3. Old Business
4. Informational Items
Subject :
4.1 4.01 Cost Savings/Impact
Meeting :
Aug 29, 2006 - Finance Committee
Category :
4. Informational Items
Subject :
4.2 4.02 GASB 45 Update
Meeting :
Aug 29, 2006 - Finance Committee
Category :
4. Informational Items
Subject :
4.3 4.03 Preliminary Treasurer's Report
Meeting :
Aug 29, 2006 - Finance Committee
Category :
4. Informational Items
Subject :
4.4 4.04 Allegheny National Forest Alliance Comments
Meeting :
Aug 29, 2006 - Finance Committee
Category :
4. Informational Items
Subject :
4.5 4.05 Oz Gas
Meeting :
Aug 29, 2006 - Finance Committee
Category :
4. Informational Items
5. Closing Activities
Subject :
5.1 5.01 Public Comment
Meeting :
Aug 29, 2006 - Finance Committee
Category :
5. Closing Activities
Subject :
5.2 5.02 Next Meeting Date
Meeting :
Aug 29, 2006 - Finance Committee
Category :
5. Closing Activities
Subject :
5.3 5.03 Adjournment
Meeting :
Aug 29, 2006 - Finance Committee
Category :
5. Closing Activities