Wavell,

I have no changes.

Kent

----- Original Message -----
From: "Wavell Cowan" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Friday, January 04, 2002 11:41 AM
Subject: Special Board Meeting


> Attached in usual two formats are the board minutes for last nights
> special meeting.
>


----------------------------------------------------------------------------
----


> {\rtf1\mac\deff2 {\fonttbl{\f2\froman New York;}{\f3\fswiss
Geneva;}{\f4\fmodern Monaco;}{\f13\fnil Zapf Dingbats;}{\f16\fnil
Palatino;}{\f20\froman Times;}{\f21\fswiss Helvetica;}{\f22\fmodern
Courier;}{\f23\ftech Symbol;}{\f1109\fnil Trebuchet MS;}
> {\f2001\fnil Arial;}{\f2002\fnil Charcoal;}{\f2003\fnil
Capitals;}{\f2004\fnil Sand;}{\f2005\fnil Courier New;}{\f2006\fnil
Techno;}{\f2010\fnil Times New Roman;}{\f2039\fnil Impact;}{\f2305\fnil
Textile;}{\f2307\fnil Gadget;}{\f2515\fnil MT Extra;}
> {\f4513\fnil Comic Sans MS;}{\f7102\fnil Andale Mono;}{\f7203\fnil
Verdana;}{\f10840\fnil Klang MT;}{\f10890\fnil Script MT Bold;}{\f10897\fnil
Old English Text MT;}{\f10909\fnil New Berolina MT;}{\f10957\fnil Bodoni MT
Ultra Bold;}
> {\f10967\fnil Arial MT Condensed Light;}{\f12077\fnil Arial
Black;}{\f12171\fnil Georgia;}{\f14213\fnil Webdings;}{\f15011\fnil Gill
Sans Condensed Bold;}{\f16383\fnil Chicago;}{\f32525\fnil
VT100;}{\f32526\fnil TTYFont;}}{\colortbl\red0\green0\blue0;
>
\red0\green0\blue255;\red0\green255\blue255;\red0\green255\blue0;\red255\gre
en0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blu
e255;}{\stylesheet{\sbasedon222\snext0 Normal;}}{\info{\title
3/13/01}{\author Pulmac}}
> \paperh15860\widowctrl\ftnbj \sectd
\sbknone\linemod0\linex0\cols1\endnhere \pard\plain {\f20 MINUTES\par
> MORETOWN ELEMENTARY SCHOOL BOARD MEETING\par
> Special Meeting\par
> Thursday, January 3rd, 2002\par
> 5:45pm in the library of Moretown Elementary School\par
> \par
> DRAFT\par
> \par
> }{\f20\ul Present}{\f20 : \par
> Board members - Kent Holden, Wavell Cowan, Karen Horn, Amy Kuzio, and Deb
Hunter.\par
> Principal - Roberta Barone\par
> Superintendent - Bill Riegel\par
> Business Manager - Michelle Baker\par
> \par
> Meeting called to order at 5:49 PM by Chair, Kent Holden}{\i\f20 \par
> }\pard \par
> \pard {\f20\ul Budget Discussion}{\f20 :\par
> }\pard {\f20      Michelle gave an extended overview of the budget
situation including a clear review of the estimated revenue sources. Wavell
indicated t
> hat his recording of the budget figures and Michelle's hard copy have a
$230 reconciliation discrepancy in total expenditures (Michelle's $230
lower).  After responding to a variety of clarifying questions, Bill and
Michelle left the meeting at 6:40pm.
> \par
> }\pard {\f20      Wavell distributed his spread sheet of the budget
allocated to functional areas, showing the changes in expenditures in these
various areas over the past few years.  After some discussion it
> was generally concluded that it would not be possible to maintain current
educational quality without a 2003 budget increase of almost 4% compared to
2002. This increase is due to contractual agreements, increases in medical
insurance and another sub
> stantial increase in the cost of special education, none of which fall
within the Board's ability to control.  This increase is substantially less
than the projected increase in the Harwood budget
> , currently estimated at 7.24%, over which we also have no control.
Unfortunately these increases coincide with an estimated significant decline
in Act 60 state funding for Moretown which projects a rise in the school
property tax rate from $
> 2.13 per hundred dollars of evaluation to about $2.34, a 10% increase.
\par
> }\pard {\f20      The current sentiment of the board is that the 2001 fund
balance which nominally was scheduled to establish the MES reserve fund will
probably be best sacrificed to allow about a 4\'a2
>  reduction in the tax rate, reducing the increase to about 8%.
>   This is tolerable based on the fact that best estimates for 2002
expenditures suggest a small surplus, and the assumption that we will
receive some compensatory special ed money at the end of the 2002 school
year as a result of the final rules adopted un
> der the unusual special ed costs provision of Act 117. \par
> }\pard {\f20      Kent asked all board members to think about the budget
situation and how this unfortunate reality can best be presented to the
community in support of an adopting vote at March meeting.\par
> }\pard {\f20      On a motion by Kent seconded by Deb, the meeting
adjourned at 7:20 pm.\par
> \par
> APPROVED}{\f20 \par
> }\pard {\f20 \par
> \par
> \par
> Date:_____________}{\f20 \tab \tab \tab
_____________________________________}{\f20 \par
> \par
> }{\f20 \tab \tab \tab \tab \tab \tab Wavell Cowan, Board Clerk}\par
> \par
> }