1. Opening Activities
Subject :
1.1 Call to Order
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
1. Opening Activities
Type :
Procedural

Public Content

Executive Summary

Subject :
1.2 Public Comment
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
1. Opening Activities
Type :
Procedural

Public Content

Executive Summary

2. Old Business
3. New Business
Subject :
3.1 Governmental Accounting Standards Board - GASB No. 45 and 75
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
3. New Business
Type :
Action (Committees)
Recommended Action :
That the Board of School Directors approves Mockenhaupt Benefits Group to calculate the Post Employment Benefits Liability per the requirements of the Governmental Accounting Standards Board (GASB) pronouncement No. 45 and No. 75 for the school year ending July 1, 2016.
Goals :
Goal #3 : The Warren County School District will develop a fiscal plan to 1) address the need for increasing non - traditional revenues and maximizing income from traditional sources, 2) continue to control spending, and 3) present a long - term financial plan to address the concerns of the Board of Directors regarding curricular and technology needs, professional development, staffing, the impact of PSERS, declining revenues from the local tax bases and school funding from the State.

File Attachments

Warren Co. SD Proposal 2016-1.pdf (74 KB)
Subject :
3.2 Depository
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
3. New Business
Type :
Action (Committees)
Recommended Action :
That the Board of School Directors, based on KeyBank's acquisition of the Board approved depository First Niagara Bank, approves the attached Resolution approving KeyBank as a depository for District funds, retroactive to March 31, 2017.
Goals :
Goal #3 : The Warren County School District will develop a fiscal plan to 1) address the need for increasing non - traditional revenues and maximizing income from traditional sources, 2) continue to control spending, and 3) present a long - term financial plan to address the concerns of the Board of Directors regarding curricular and technology needs, professional development, staffing, the impact of PSERS, declining revenues from the local tax bases and school funding from the State.

Public Content

Executive Summary

File Attachments

WCSD - Certificaiton (KeyBank Resolution).doc (42 KB)
WCSD - Certificaiton (KeyBank Resolution).pdf (5 KB)
WCSD - Depository Approval Confirmation (KeyBank).doc (24 KB)
WCSD - Depository Approval Confirmation (KeyBank).pdf (5 KB)
WCSD - Resolution (KeyBank as Depository).doc (97 KB)
WCSD - Resolution (KeyBank as Depository).pdf (48 KB)
Subject :
3.3 Budget Transfer $4,458.00
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
3. New Business
Type :
Action (Committees)
Dollar Amount :
$4,458.00
Recommended Action :
That the Board of School Directors approves the Resolution and Budget Transfer in the amount of $4,458.00.
Goals :
Goal #3 : The Warren County School District will develop a fiscal plan to 1) address the need for increasing non - traditional revenues and maximizing income from traditional sources, 2) continue to control spending, and 3) present a long - term financial plan to address the concerns of the Board of Directors regarding curricular and technology needs, professional development, staffing, the impact of PSERS, declining revenues from the local tax bases and school funding from the State.

Public Content

Executive Summary:  This transfer is to reallocate funds from Guidance Software to Secondary Library Software in order to clear a negative balance.

File Attachments

Budget Transfer -$4,458.pdf (107 KB)
Budget Resolution - $4,458.pdf (33 KB)
Subject :
3.4 Budget Transfer $8,462.79
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
3. New Business
Type :
Action (Committees)
Dollar Amount :
$8,462.79
Recommended Action :
That the Board of School Directors approves the Resolution and Budget Transfer in the amount of $8,462.79.
Goals :
Goal #3 : The Warren County School District will develop a fiscal plan to 1) address the need for increasing non - traditional revenues and maximizing income from traditional sources, 2) continue to control spending, and 3) present a long - term financial plan to address the concerns of the Board of Directors regarding curricular and technology needs, professional development, staffing, the impact of PSERS, declining revenues from the local tax bases and school funding from the State.

Public Content

Executive Summary: This transfer is to reclass Title I budget line items in order to expense amounts to the proper accounts.

File Attachments

Budget Transfer - $8,462.79.pdf (114 KB)
Budget Resolution - $8,462.79.pdf (29 KB)
Subject :
3.5 Budget Transfer - Title IIA
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
3. New Business
Type :
Action (Committees)
Recommended Action :
That the Board of School Directors approves the Resolution and Budget Transfer in the amount $15,970.26.
Goals :
Goal #3 : The Warren County School District will develop a fiscal plan to 1) address the need for increasing non - traditional revenues and maximizing income from traditional sources, 2) continue to control spending, and 3) present a long - term financial plan to address the concerns of the Board of Directors regarding curricular and technology needs, professional development, staffing, the impact of PSERS, declining revenues from the local tax bases and school funding from the State.

Public Content

Executive Summary: This transfer is to reclass Title IIA budget line items in order to expense amounts to the proper accounts.

File Attachments

Budget Transfer $15,970.26.pdf (118 KB)
Budget Resolution - $15,970.26.pdf (30 KB)
Subject :
3.6 Budget Transfer - $2,600
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
3. New Business
Type :
Action (Committees)
Dollar Amount :
$2,600.00
Recommended Action :
That the Board of School Directors approves the Resolution and Budget Transfer in the amouth of $2,600.00
Goals :
Goal #3 : The Warren County School District will develop a fiscal plan to 1) address the need for increasing non - traditional revenues and maximizing income from traditional sources, 2) continue to control spending, and 3) present a long - term financial plan to address the concerns of the Board of Directors regarding curricular and technology needs, professional development, staffing, the impact of PSERS, declining revenues from the local tax bases and school funding from the State.

Public Content

Executive Summary: This transfer is to reallocate the budget line items in order to align with expenses.

File Attachments

Budget Resolution - $2,600.pdf (31 KB)
Budget Transfer - $2,600.pdf (108 KB)
Subject :
3.7 Budget Transfer - WCCC
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
3. New Business
Type :
Action (Committees)
Dollar Amount :
$8,491.00
Recommended Action :
That the Board of School Directors approves the Resolution and Budget transfer in the amount of $8,491.00.
Goals :
Goal #3 : The Warren County School District will develop a fiscal plan to 1) address the need for increasing non - traditional revenues and maximizing income from traditional sources, 2) continue to control spending, and 3) present a long - term financial plan to address the concerns of the Board of Directors regarding curricular and technology needs, professional development, staffing, the impact of PSERS, declining revenues from the local tax bases and school funding from the State.

Public Content

Executive Summary: This transfer is to cover the cost of the purchase of a convection oven.

File Attachments

Budget Resolution - WCCC.pdf (39 KB)
Budget Transfer - WCCC.pdf (113 KB)
4. Informational Items
Subject :
4.1 Financial Reports
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
4. Informational Items
Type :
Information

Public Content

Financial Reports

File Attachments

Capital Project Reserve 2017.03.27.17.pdf (145 KB)
Treasurer Report 03.27.17.pdf (67 KB)
WEC - Self Funding Analysis - Feb 2017.pdf (289 KB)
QZAB-GOB Treasurer Report 03.27.17.pdf (86 KB)
Subject :
4.2 Grant Report
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
4. Informational Items
Type :
Report
Goals :
Goal #3 : The Warren County School District will develop a fiscal plan to 1) address the need for increasing non - traditional revenues and maximizing income from traditional sources, 2) continue to control spending, and 3) present a long - term financial plan to address the concerns of the Board of Directors regarding curricular and technology needs, professional development, staffing, the impact of PSERS, declining revenues from the local tax bases and school funding from the State.

Public Content

The grant report for February/March 2017 features the approval of classroom grants from both NAOWA and PASR.

File Attachments

Grant Report - Feb-Mar 2017.pdf (376 KB)
Subject :
4.3 Budget Timeline
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
4. Informational Items
Type :
Information

Public Content

Executive Summary

File Attachments

WCSD Draft Detail Budget Timeline 3.27.17 Fin Committee.pdf (293 KB)
Subject :
4.4 Budget Discussion
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
4. Informational Items
Type :
Information

Public Content

Executive Summary

5. Other
Subject :
5.1 Other
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
5. Other
Type :
Minutes

Public Content

Executive Summary

6. Closing Activities
Subject :
6.1 Next Meeting Date - Monday, April 24, 2017 Following PACCA
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
6. Closing Activities
Type :
Procedural

Public Content

Executive Summary

Subject :
6.2 Executive Session
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
6. Closing Activities
Type :
Procedural

Public Content

Executive Summary

Subject :
6.3 Adjournment
Meeting :
Mar 27, 2017 - 4 Finance Committee
Category :
6. Closing Activities
Type :
Procedural

Public Content

Executive Summary