Finance Committee Monthly Meeting Minutes

February 17, 2023, 8:30-9:30 AM

Friday February 17, 2023 at 8:30 AM

At school - 17 Lime Street, Marblehead, MA 01945

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Andrea Barlow, Jeff Barry, Julie Santosus, Peter Cohen, Rodolphe Herve (remote), Tim Wadlow

Karl Smith, Molly Teets

Rodolphe Herve called a meeting of the board of trustees of MCCPS Board of Trustees to order on Friday Feb 17, 2023 at 8:02 AM.

Jeff Barry made a motion to approve the minutes from Finance Committee Monthly Meeting on 01-27-23.

Julie Santosus seconded the motion.

The board VOTED to approve the motion.

The discussion tracked with the notes provided by Jeff Barry and attached to the agenda.

Current school enrollment is 220 students. At this point in the school year, no efforts will be made to recruit new students for the current school year
Matt Cronin departure will impact the rest of the school year budget but will also bring additional recruiting expenses. Plans for his replacement will be discussed with the Board.
Board on Track and the last invoice for the 2022 audit were paid this month
Field trips are getting very expensive due to steep inflation in the costs of bus transportation. The traditional 8th grade trip to Washington DC may not happen as a result. The expenses recorded this month are for the Nature Class trips in 5th and 6th grade
The school is facing emergency repair expenses necessary to fix the plumbing/pumping system in the rear bathroom. Repairs may cost up to $30K and the Finance Committe was asked to vote on approving this spend. A further decision will be made as to whether it is appropriate to draw these funds from the Board-approved account, but for now, this expense will be paid out of the Operating Budget.

Tim Wadlow made a motion to approve the spend of up to $30,000 for emergency repairs in the rear bathroom.

Rodolphe Herve seconded the motion.

The board VOTED to approve the motion.

The next Finance Committee meeting was set for March 24 at 8:30am.

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 8:50 AM.

Respectfully Submitted,

Rodolphe Herve