Finance Committee Meeting

Tuesday, May 20, 2008

Room 321, PATHS

In attendance: Peter Eglinton(chairperson), Jaimey Caron, Sarah Thompson, Jules Szanton, Herbert Hopkins, Jeanne Whynot-Vickers

1. Shared copy of Moody report.
2. Finance Committee approved a commitment letter to DEP of its intent to purchase two new CNG (Compressed natural gas) buses with the DOE grant funding 50% of the purchase. Attached letter will be sent.
3. DOE letter of May 5, 2008 regarding a request for an update on management’s response in the schedule of significant deficiencies and other comments. Herb Hopkins will contact Suzane C. Beaudoin with updated response. Copies will be distributed to finance committee.
4. Fixed asset assessment needs to be completed. Herb Hopkins will explore this issue and report back to Finance Committee regarding cost.
5. Herb Hopkins, business Manager, shared a budget projection for year-end.
6. Superintendent requested reinstatement of teaching positions. After much discussion, no action was taken.

Respectfully submitted,

Jeanne Whynot-Vickers

Interim Superintendent of Schools