Aptakisic-Tripp Community Consolidated School District 102 Finance Committee of the Whole met June 1.
Here is the minutes provided by the committee:
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.
ADJOURNMENT
The meeting adjourned at 9:00 p.m.
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