Cahokia Community Unit School District 187 Finance Committee met Oct. 7.
Here is the minutes provided by the committee:
The Finance Committee Meeting was called to order at 5:00 p.m. by Committee Chair Wynn.
PRESENT: Jackson, Shelton, Wynn
ABSENT: None
Also Present: Board Member Stringfellow; Board Member Powell;
Arnett Harvey, Superintendent; Tanya Mitchell, Deputy Superintendent; Ciara Corley, Director of Finance; Cheri Pombert, Admin. Asst. to the CFO; Jen Barr, Director of Technology; Tiffany Pearce, Director of Recruitment & Retention; Thomas R. Ysursa, Legal Counsel; Jennifer Pritzer w/Clayborne, Sabo & Wagner
REVIEW/APPROVE MINUTES
Motion made by SHELTON, seconded by JACKSON, to approve the minutes from the committee meeting held on September 9, 2019. Motion carried by the following vote:
AYES: Jackson, Shelton, Wynn
NAYS: None
ABSENT: None
MONTHLY BILLS
Committee Member Shelton asked if the churches leasing our buildings have been paying enough to cover the cost of utilities. Ms. Pombert confirmed that her department has been receiving adequate payments.
BOND UPDATE
Ms. Corley reported that she has received the funds from the bond sale. 5 million will be used for Health/Life Safety work and 3.5 million will replenish the working cash fund. Mr. Harvey added that the middle school roof work and restroom renovations will be part of the Health/Life Safety work.
TAX LEVY DISCUSSION
Ms. Corley presented the Committee with the 2019 Tax Levy Worksheet and reviewed all fund balances. A comparison was done between the 2018-19 and 2019-20 school years. She mentioned that the overall tax levy looks good and is less than 5% which will not need to be published. She will bring back final numbers in November.
MISCELLANEOUS
Emma Cornelius. Mr. Harvey explained that Dr. Cornelius has received the "Apple for the Teacher" award. He will be unable to attend the luncheon due to the IASB Conference, but would like to purchase an advertisement in their brochure to congratulate her at a cost of $60-$100. The Committee was in agreement.
ADJOURNMENT
Motion made by SHELTON, seconded by JACKSON, to adjourn the meeting at 5:11 p.m. Motion carried by the following vote:
AYES: Jackson, Shelton, Wynn
NAYS: None
ABSENT: None
https://v3.boardbook.org/Public/PublicItemDownload.aspx?mk=50351111&fn=minutes.pdf
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