Minutes of September 10, 2009







Agenda - RSU13 – Finance Committee Meeting  
THURSDAY, September 10, 2009 – 6:00PM - McLAIN BUILDING

Warrants Available at 5:30pm

 

Committee

Committee or Visitors

Visitors

  Brian Messing, Chair

 Judith Lucarelli

 PattyMoran Wotton

  Steven Dyer

 Toni Reed

  Gregory Hamlin

 John Spear

 

  Josiah Wilson

 Ruth Anne Hohfeld

Time IN: 6PM

Time OUT:   7:46 PM

Discussion

Results / Follow Up

 

Administrative:

  1. Financial Review-Toni Reed

 

 

  1.  At the end of August, district expense should be at 84%.  Currently at 82.76%.  Some posting errors have been discovered and corrected.  Some funds will be moved to Federal Grants once applied and approved by the DOE.  ARRA grants will also affect expenditure options. 

 

New Business:

 

 

Discussion Items:

 

  1. MSAD 5 Audit Report-Ron H. R. Smith, C.P.A.
  2. Procedure for signing warrants

 

  1. MacDougal Boiler

 

 

  1.  Ron Smith presented balance sheet & confirmed yearend balances for MSAD 5.  Discussion of use of those remaining balances for “obligations” from MSAD 5.
  2. Discussion with Ron regarding signing of warrants.  Waiting for more qualified opinion on legal steps for practical authorized procedures for signatures prior to check disbursement.
  3. Options available: Use any yearend MSAD 5 balances if allowed; lease/purchase for use of current budget funding and/or contingency funds.

 

Other:

 

 

 

 

 

 

Comments, Questions, Concerns, Problems, or Praise: