Mercer County School District 404 Board of Education Finance Committee met May 16.
Here is the agenda provided by the committee:
The meeting of the Mercer County School District Board of Education Finance Committee was held at 4:33 p.m., in the Unit Office. Those in attendance were Board Members Michael Bowns, Jason Monson, Mark Bieri, and Supt. Scott Petrie.
Call to Order at 4:33 p.m. by Chairman Bowns. Roll Call: Bowns, Monson, Bieri were present. Julie Wagner joined by telephone at 4:39 p.m.
Old Business
Bieri moved, Monson 2ndto approve the April 2022 Finance Committee meeting minutes. Passed.
Reviewed the Financial Information on the Consent Agenda –
A. Bill List and PCard: Page 1, HS/Day/Yearbooks/Computers, $2,514.57. Windows based computers for Yearbook software. Page 3, Bob Coulter, RC Construction, $8,098.00. Classroom wall to replace divider, storage areas at Apollo. JH heating bill, $3,100, Constellation Energy. 2 months billed instead of just 1. PCard - Casey’s Gas Cards and Mercer Market Gift Certificates for homeless families. Federal Dollars paid for these.
B. Expense Report /Revenue Report: Expenses: page 11, over on uniforms. New volleyball jerseys.
C. Fund Balance:
Ed (10) - $2,957,773.93
O&M (20) - $12,275,686.64
Debt Service (30) - $144,330.13
Transportation (40) - $1,109,586.95
FICA (50) - $391,853.53
IMRF (51) - $509,686.91
Capital Projects (60) - $1,526,719.01
Working Cash (70) - $7,642,849.36
Tort (80) - $683,251.00
Fire & Safety (90) - $1,150,723.69
Total fund balance $28,392,443.14
D. Activity Accounts/Imprest Fund:
Review of Monthly Health Insurance Account – Balance of $755,520.08, down from previous month of $759,712.47.
Discussion Items
1. Health Insurance Renewal - rates will go up 10.8% for September 2022 - August 2023.
2. Amended Budget - budget software problems are having an impact on the amended budget. District office is working on it.
3. MCHS Nurse - discussed wages, timeline for retirements, building changes. There has been some interest in the MCHS nurse position. 4. Other
June Meeting – Monday, June 20th, 2022, 4:30 p.m.
Bieri made a motion to adjourn the meeting, Monson seconded, motion passed at 5:19 p.m.
https://www.mercerschools.org/_files/ugd/6b636f_843586c8360a4aa0805907c64677269e.pdf
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