Monday, June 27, 2011
Finance Committee
Warren Area High School
1. Opening Activities
Subject :
1.1 Call to Order
Meeting :
Jun 27, 2011 - Finance Committee
Category :
1. Opening Activities
Subject :
1.2 Public Comment
Meeting :
Jun 27, 2011 - Finance Committee
Category :
1. Opening Activities
2. Old Business
Subject :
2.1 Jefferson DeFrees Family Center Food Service Contract
Meeting :
Jun 27, 2011 - Finance Committee
Category :
2. Old Business
Public Content
There is no change in the contract from the 2010-2011 to the 2011-2012 school year.
Meals will be prepared and delivered in advance should scheduled delivery days fall on a non-working day for the district.
3. New Business
Subject :
3.1 Sungard IEP+ Software & Support Renewal
Meeting :
Jun 27, 2011 - Finance Committee
Category :
3. New Business
Public Content
The maintenance contract for Sungard’s IEP+ software support and software assurance is up for renewal. This software is used by our Special Education Department to manage IEP’s as well as meet state reporting requirements.
Subject :
3.2 Repository Sale
Meeting :
Jun 27, 2011 - Finance Committee
Category :
3. New Business
Subject :
3.3 Tax Anticipation Note
Meeting :
Jun 27, 2011 - Finance Committee
Category :
3. New Business
Public Content
After reviewing the cash flow needs it is estimated we will need approximately $5 million to cover our cash requirements in the month of July. This shortfall is contributed to, in part, by the elimination of Stimulus funds that served as an influx to our cash needs last year. This request is of the same amount that was executed in 2009. The current economic climate would indicate that we will be able to achieve this loan with a lower interest rate than the 2.625% rate offered in 2009.
Subject :
3.4 Homestead and Farmstead Resolution
Meeting :
Jun 27, 2011 - Finance Committee
Category :
3. New Business
Recommended Action :
That the Board of School Directors approves the Homestead / Farmstead Tax Relief Resolution per the attached documents.
4. Informational Items
Subject :
4.1 Summer Food Service Program
Meeting :
Jun 27, 2011 - Finance Committee
Category :
4. Informational Items
Public Content
See attachment.
Subject :
4.2 Financial Reports
Meeting :
Jun 27, 2011 - Finance Committee
Category :
4. Informational Items
5. Other
6. Closing Activities
Subject :
6.1 Adjournment
Meeting :
Jun 27, 2011 - Finance Committee
Category :
6. Closing Activities