Monday, June 25, 2012
Finance Committee
Warren County Career Center
1. Opening Activities
Subject :
1.1 Call to Order
Meeting :
Jun 25, 2012 - Finance Committee
Category :
1. Opening Activities
Subject :
1.2 Public Comment
Meeting :
Jun 25, 2012 - Finance Committee
Category :
1. Opening Activities
Subject :
1.3 Agenda Approval
Meeting :
Jun 25, 2012 - Finance Committee
Category :
1. Opening Activities
2. New Business
Subject :
2.1 Governmental Accounting Standards Board - GASB 45
Meeting :
Jun 25, 2012 - Finance Committee
Category :
2. New Business
Public Content
This is a valuation of the actuarial liabilities associated with employees' post employment benefits (medical, dental, vision and life insurance) and is required under the Governmental Accounting Standards Board, statement no. 45. This information is used in the district's annual financial statements. This required calculation is a theoretical post-retirement benefit liabilities and costs calculation and a theoretical annual required contribution (ARC) of the "plan" and will be reported in the district's annual audited financial statements. There is no statutory requirement to actually pay a contribution or fund the future benefits at this time. Thus, the district will continue to fund the benefits for retirees on a "pay-as-you-go" basis.
Subject :
2.2 Budget Transfers in Preparation of 2011-2012 Audit
Meeting :
Jun 25, 2012 - Finance Committee
Category :
2. New Business
Public Content
This motion will direct the Director of Business Services to make budget transfers, if necessary, after June 30, 2012 to prepare the books for the 2011-2012 annual audit. All transfers made after June 30, 2012 will be brought to the July 2012 Commitee meeting for final approval at the August 2012 Board meeting.
3. Old Business
4. Informational Items
Subject :
4.1 Financial Reports
Meeting :
Jun 25, 2012 - Finance Committee
Category :
4. Informational Items
Subject :
4.2 Athletic Ticket Prices Follow-Up
Meeting :
Jun 25, 2012 - Finance Committee
Category :
4. Informational Items
Public Content
The plans to increase ticket prices and charging admission to attend middle athletic athletic events are options that will need additional time to develop. A proposal and procedure will be developed and will be shared with the Board of Education when completed.
Subject :
4.3 Food Service Contract
Meeting :
Jun 25, 2012 - Finance Committee
Category :
4. Informational Items
5. Other
6. Closing Activities
Subject :
6.1 Next Meeting Date: July 30, 2012, following PACCA - Warren County Career Center
Meeting :
Jun 25, 2012 - Finance Committee
Category :
6. Closing Activities
Subject :
6.2 Executive Session
Meeting :
Jun 25, 2012 - Finance Committee
Category :
6. Closing Activities
Subject :
6.3 Adjournment
Meeting :
Jun 25, 2012 - Finance Committee
Category :
6. Closing Activities