Lake County Gazette

Aptakisic-Tripp Community Consolidated School District 102 Finance Committee met June 1.

Here is the minutes provided by the board:

Due to the COVID-19 pandemic, this Board meeting was closed to in-person, public attendance.

The meeting was held via Google Meets.

CALL TO ORDER/ROLL CALL

Mrs. Ross called the meeting to order at 7:00 p.m.

BOARD OF EDUCATION MEMBERS PRESENT

Mrs. Ellyn Ross Board President

Mr. Pelleg Graupe Board Vice President

Mr. Jeremy Galfield Board Secretary

Mrs. Vera Gaskill Board Member

Mr. Nathan Libbey Board Member

Mr. Scott Linn Board Member

Ms. Marnie Slavin Board Member

ADMINISTRATION PRESENT

Dr. Lori Wilcox Superintendent

Ms. Stacey Bachar Asst. Superintendent, Business Services/CSBO

Dr. Robert Hudson Asst. Superintendent, Learning and Growth

Mr. Dan Mortensen Director of Facilities and Operations

2019-2020 BUDGET UPDATE

The 2019-2020 Estimated Budget Update for June 2020 was included in the Board packet.

Ms. Bachar shared more information during the meeting.

2020-2021 TENTATIVE BUDGET

A revised 2020-2021 Tentative Budget and Long Range Financial Plan was included in the Board packet. The Tentative Budget revenue was updated for the actual levy extension and the expenditures have been updated to reflect 2% salary increases for both Administrators and Educational Support Staff per the Board conversation on May 26th. Salaries for the new Assistant Principals at MS and AJHS and the new Director of HR have also been adjusted.

Every Day – Every Student

The following are the total adjustments:

Revenue

Education Fund Levy – $112,918 increase

Operations and Maintenance Fund Levy – ($110,000) decrease

Debt Service Levy – $2,224 increase

Expenditures

Education Fund – ($98,500) decrease in Salaries

Operations and Maintenance Fund – ($108,275) decrease in Capital Outlay

The Long Range Projections have been updated to include the estimated 2019-2020 Budget Update and the above adjustments to the Tentative Budget. Ms. Bachar shared more information during the meeting.

COVID 19 – FINANCIAL PLANNING UPDATE FOR 2020-2021

Ms. Bachar discussed the planning options and potential savings and/or costs associated with each option.

2019 TAX LEVY EXTENSION

The District received a tax distribution on May 21st in the amount of $1.3 million and is scheduled to receive another distribution on June 4th and 18th. The June distributions will give us a better idea of what the tax collections may look like and if we need to issue the tax anticipation warrants or line of credit.

Next Finance Committee Meeting – June 8, 2020

ADJOURNMENT

The meeting adjourned at 9:00 p.m.

We hereby certify these are the correct minutes of the Aptakisic-Tripp CCSD Finance Committee meeting held on June 1, 2020. These minutes were approved on June 8, 2020.