F.W. Parker Charter Essential School
Minutes
Finance Committee Meeting
Date and Time
Thursday May 7, 2026 at 4:00 PM
Location
http://parker.school/financecommittee
http://parker.school/financecommittee
Committee Members Present
B. Harrigan (remote), E. Sturgis (remote), J. Appleton (remote), M. McKenna (remote)
Committee Members Absent
N. Odekirk Hatlevig, R. Egan
I. Opening Items
A.
Record Attendance and Introductions if needed
B.
Call the Meeting to Order
M. McKenna called a meeting of the Finance Committee of F.W. Parker Charter Essential School to order on Thursday May 7, 2026 at 4:07 PM.
C.
Approve Minutes
J. Appleton made a motion to approve the minutes from Finance Committee Meeting on 04-27-26.
E. Sturgis seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| M. McKenna |
Aye
|
| R. Egan |
Absent
|
| N. Odekirk Hatlevig |
Absent
|
| J. Appleton |
Aye
|
| B. Harrigan |
Aye
|
| E. Sturgis |
Aye
|
II. Finance
A.
Discuss changing budget line items
III. Closing Items
A.
Adjourn Meeting
J. Appleton made a motion to to adjoin.
E. Sturgis seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| J. Appleton |
Aye
|
| E. Sturgis |
Aye
|
| R. Egan |
Absent
|
| B. Harrigan |
Aye
|
| N. Odekirk Hatlevig |
Absent
|
| M. McKenna |
Aye
|
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 4:25 PM.
Respectfully Submitted,
M. McKenna
Documents used during the meeting
None
Michelle presented the option of moving health insurance from Harvard Pilgrim to Cigna. This would result in a 0% increase as opposed to the budgeted 15%. Michelle explained that if the school management decided to make the change in carriers, Parker would have a significant savings in the benefits line item. The savings could approach $90-100K. Michelle asked if funds could then be moved from the benefits line to the salaries line allowing for contracts to be reissued for FY27 with additional increases and allowing for more closing of the compensation gap. The finance committee endorse the budget line adjustment with no overall change to the bottom-line of the budget.