Foxborough Regional Charter School
Minutes
Finance Committee Meeting
Date and Time
Wednesday May 18, 2022 at 7:45 AM
Location
Zoom
Meeting Format
Whether in person or online, the public is welcome to attend Board Meetings and have access to meeting minutes. Meetings are held once a month and additionally, as determined by the Board Chair. All meeting Agendas are posted to the school website at least 48 hours in advance of each public meeting.
During the meeting, the Board follows the published agenda and works through business. Audience members are not part of the formal discussion or deliberations, but may raise their hand to add brief comment or ask clarifying questions. Meetings start promptly on time as noted on the agenda.
Committee Members Present
Annie Azarloza (remote), Karen Calvert (remote), Matthew Yezukevich (remote), Sergio Martin (remote)
Committee Members Absent
None
Guests Present
Heidi Berkowitz (remote)
I. Opening Items
A.
Record Roll Call Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Year to Year Comparison
Reviewed the budget to actual. Discussed some possible additional expenditures for the FY2022 for facilities, appreciation end of year event for staff to be held off site, senior recess and transportation for year end student events.
B.
FY2023 Budget
1. Food - discussed the reimbursement over the past 2 years has been increased due to all students receiving free lunch. This increase in reimbursement is not expected in FY2023.Need to purchase 4 special ovens, 2 for each building, $24,000 in order to hire a food service company.
2. Sergio expressed his opinion regarding the operational decision to eliminate the librarian stipend position. This position is no longer needed as there is an electronic system to check books in and out. As a learning project MS & HS students will be putting away books. Sergio is not in agreement with the school's decision.
3. Transportation - State mandate that transportation must be provide for all Student Services, students attending the summer program. Higher expense added to the budget to accommodate for this. Transportation Reimbursement will not be increased as we don't know what the state will be reimbursing.
4. IT - Committee questioned the reduction in the outsourced expense. Follow up with IT is that there are external services that are no longer needed. Capital Plan for tech $340,000 which is for ES student devices.
5. Tuition Reimbursement is budgeted at 1625 students, $16,900 per student
Tabled approval