MCCPS Board of Trustees
Minutes
Finance Committee Monthly Meeting
Date and Time
Monday July 25, 2022 at 8:00 AM
Location
At school - 17 Lime Street, Marblehead, MA 01945
For Remote Participants - Quorum must be present in person
Join Zoom Meeting
https://zoom.us/j/99625637131?pwd=cWdFODd1b2FvZ3dEOXVtbDZhNHRJUT09
Meeting ID: 996 2563 7131
Passcode: MCCPSfinco
Committee Members Present
Artie Sullivan, Jeff Barry, Karl Smith, Peter Cohen, Rodolphe Herve
Committee Members Absent
Andrea Barlow, Julie Santosus, NDack Toure
Guests Present
Tim Wadlow
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
Rodolphe Herve called a meeting of the Finance Committee of MCCPS Board of Trustees to order on Monday Jul 25, 2022 at 8:07 AM.
C.
Approve minutes
Artie Sullivan made a motion to approve the minutes from Finance Committee Monthly Meeting on 06-17-22.
Jeff Barry seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance - Financial Statement Review
A.
Committee review of Previous Month's Financial Statements
III. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:09 AM.
Respectfully Submitted,
Jeff Barry
Documents used during the meeting
- FY22 FinCom notes.pdf
- MCCPS-June-2022-Financial Statements v1.xlsx
The discussion tracked with the notes provided ahead of the meeting.
After the cessation of the federally-subsidized free food program, MA congress seems to have passed a resolution to continue the program and earmarked a $110M state-wide budget for that endeavor. More details will be published in the next few months, as the budget is signed by the governor.
Staffing:
- 5th grade inclusion teacher is joining (Kate Cooper)
- 7th grade team was staffed with former Charter teachers
- Still missing 2 learning specialists
- Peter would like to bring Teaching Force training again in 2022/2023 to help train the new teachers and provide a refresher to current staff
Maintenance/Architect:
- The roof upgrade work started and is expected to cost $270K, $110K is due upfront and will be paid immediately.
- Speaking with different architects to see what low-hanging fruits improvements can be made to the facility
- This has been a successful year with the mural, kitchen upgrade, new fire panel and roof upgrades to be all completed soon
Enrollment:
- Currently at 224 but with new applications. Still on track for 230. (Budget is based on 224)