Mercer County School District Board of Education Finance Committee met Aug. 15.
Here are the minutes provided by the board:
The August 2022 meeting of the Mercer County School District Board of Education Finance Committee was held in the Unit Office. Those in attendance were Committee Members Michael Bowns, Jason Monson, Mark Bieri, and Supt. Scott Petrie.
Call to Order at 4:30 p.m. by Chairman Bowns. Roll Call: Bieri, Bowns, and Monson were present.
Old Business
Bieri moved, Monson 2ndto approve the July 2022 Finance Committee meeting minutes. Passed.
Reviewed the Financial Information on the Consent Agenda –
A. Bill List and PCard: Bowns had a question about building designations on reports. MCIS should stop after this month. New September payrolls should start next month with updated building designations. Bill list - page 2 Camelot $4,500 (Bowns asked about it going on all summer). A student was signed up but didn’t attend. District is required to pay for enrollment, not attendance. Bieri inquired about Bray Phase 3 expense. Petri explained the cost is for monthly meetings with Bray.
Page 3 bottle fillers. Moved from 2nd and 3rd floors to district office, Jr. High and Pre-K area of MCELC.
Jr. High door locks replaced at former MCIS (now Jr High building). Crawford Company at High School - water hydrant work. Hydrant is in greenhouse (not a fire hydrant). Bowns asked about Electric Service of Clinton (general power upgrade, Apollo). For interior fixtures, LED. Bowns asked about Joy Gym Floor expense ($2,900). Waxed every other year (Petrie).
Page 4 Bieri asked about Legal Service expense (Deductible for lawsuit).
Page 7 Bieri asked about Riverside Hardwood $7838 for hardwood. Part of Looser Flake Grant to pay for Woods Class materials.
P-Card - No questions.
B. Expense Report /Revenue Report: Expense report, some projects are expensed as services even though they are construction due to ESSER fund requirements. Revenue report, no questions.
C. Fund Balance:
Ed (10) - 4,641,900.90
O&M (20) - 12,563,656.19
Debt Service (30) - 479,881.57
Transportation (40) - 1,297,856.75
FICA (50) - 469,518.06
IMRF (51) - 538,860.00
Capital Projects (60) - 1,648,633.73
Working Cash (70) - 7,699,252.26
Tort (80) - 829,184.08
Fire & Safety (90) - 1,025,395.78
Total fund balance 31,194,139.32
D. Activity Accounts/Imprest Fund: No questions.
Review of Monthly Health Insurance Account – Balance of $610,606.12, down from previous month of $766,606.33.
Discussion Items
1. FY23 Budget - discussed timing of funding needs for new construction, which are unlikely prior to FY 23-24.
2. Real Property - discussed properties in New Boston adjacent to proposed addition site near NBE.
September Meeting – Monday, September 19th, 2022, 4:30 p.m.
Bieri made a motion to adjourn the meeting, Monson seconded, motion passed at 5:32 p.m.
https://www.mercerschools.org/_files/ugd/6b636f_a58a2ab30a8a4ebc92ea54760fef0f89.pdf
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