February 28, 2022 at 6:00 PM - Finance Committee Meeting
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I. Call to Order
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II. Discussion Items
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II.A. Workers' Compensation Audit - Update
Description:
On an annual basis, the premium for our workers' compensation coverage is based on the amount of overtime paid to staff in addition to the total amount of salaries paid. We were audited for the 2020-21 school year and premiums were recalculated based on the amount of overtime paid out. We have been disputing the additional amount since October. However, our final appeal was rejected earlier this month. The additional premium of $12,416 has been paid from Fund 80.
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II.B. Discussion of Travel Stipend for SHIELD Test Delivery
Description:
The Administration is requesting the creation of a stipend to cover the costs of daily delivery of SHIELD testing materials to Darien, Illinois. Funds are to be allocated from our ESSER III grant funds.
Attachments:
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II.C. E-rate Category 1, Category 2, and ECF Program Update
Description:
Maria has provided an update on E-rate funding for equipment and services through EMPIST and the purchase of Apple equipment through the Federal Communications Commission's Emergency Connectivity Funds (ECF) initiative.
Attachments:
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II.D. Discussion of Budgetary Assumptions and Guidelines
Description:
Amy has prepared and attached an overview of budgetary initiatives and considerations in preparation of the FY23 Budget. The FY23 Budget Calendar was presented back in October and is attached for the Committee's reference.
Attachments:
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II.E. Financial Reporting to the Committee
Discussion:
Monthly review of Year to Date Revenue and Expenditures
Attachments:
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III. Old Business
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IV. New Business
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V. Adjournment
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