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Cahokia Community Unit School District 187 Finance Committee met August 12

Meeting 10

Cahokia Community Unit School District 187 Finance Committee met Aug. 12.

Here is the minutes provided by the committee:

The Finance Committee Meeting was called to order at 5:09 p.m. by Committee Chair Wynn.

PRESENT: Clark-King, Jackson, Wynn

ABSENT: None

Also Present: Board Vice President Shelton;

Board Member Stringfellow; Board Member Duncan; Arnett Harvey, Superintendent; Tanya Mitchell, Deputy Superintendent; Ciara Corley, Director of Finance; Cheri Pombert, Admin. Asst. to the CFO; Stephanie Scurlark-Belt, Director of Non-Certified Personnel; Tiffany Pearce, Director of Retention & Recruitment; Thomas R. Ysursa, Legal Counsel; Corrie Mitchell w/Clayborne, Sabo & Wagner

REVIEW/APPROVE MINUTES 

Motion made by JACKSON, seconded by CLARK-KING, to approve the minutes from the committee meeting held on July 8, 2019. Motion carried by the following vote:

AYES: Clark-King, Jackson, Wynn

NAYS: None

ABSENT: None

TENTATIVE FY20 BUDGET 

Ms. Corley reviewed the tentative 2019-20 budget, reporting that additional tier funding has been placed in the education fund this year. She gave an overview of each fund balance, indicating that once bonds are sold the Working Cash fund will go up. Overall budget looks good on a financial stand point, and the district is also waiting on additional federal grant money.

BOND DISCUSSION 

Ms. Corley reported on the rating presentation with Standard and Poor's on August 7th. The district's official rating will be given on August 26th to determine the bond interest rate. Mr. Harvey added that the debt structure will remain steady and will not raise the tax levy.

DISCUSS HEALTH/LIFE SAFETY AMENDMENT WORK 

Per Ms. Corley, an agreement has been reached with Hurst-Rosche for Health/Life Safety improvements with a fee of $240,000, which will be paid by funding received from the bond sale.

SITE BASED EXPENDITURE REPORT 

Ms. Corley reviewed the ISBE Site-Based Expenditure Report, and explained that this is the first time this has been required of state school districts. She explained that some schools will be allocated additional funds due to special education and preschool programs. Ms. Corley also thanked Mrs. Mitchell for helping her write the report narrative.

REVIEW OF WELLNESS POLICY 

Ms. Corley informed the Committee that all districts were required to have a wellness policy to promote healthy eating. The district's wellness policy is on tonight's agenda for approval to meet state compliance

LIME ENERGYIAMEREN LIGHTING UPGRADE

Ms. Corley reported on information received to reduce kWh usage in all schools by replacing the fluorescent lighting with LED. A savings of approximately $176,000 will be received after five years. Equipment will be covered through an Ameren grant with a seven year warranty on interior fixtures and ten year on exterior. However, Lalumier School will need to be completed after H/L Safety improvements have been completed.

MISCELLANEOUS

Touchette Hospital – Mrs. Mitchell reported that she has reached out to Touchette Regional Hospital for more social/emotional support for the middle school. Touchette will be leasing private space in each grade level building, and the district will pay for services of four therapists.

ADJOURNMENT

Motion made by JACKSON, seconded by CLARK-KING, to adjourn the meeting at 5:37 p.m. Motion carried by the following vote:

AYES: Clark-King, Jackson, Wynn

NAYS: None

ABSENT: None

https://v3.boardbook.org/Public/PublicItemDownload.aspx?mk=50340982&fn=minutes.pdf

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