Agenda
FINANCE COMMITTEE MEETING 6/23/2008
8 a.m.
Superintendent's Office
Agenda
Sign Warrants
Minutes of 5/28/08 meeting
Monthly Food Service Report
Monthly Energy Report
07-08 year end balance
Review Monthly Financial Report
Other
Additional Information
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Finance Committee Minutes
Finance Committee Minutes
May 28, 2008
A meeting of the Finance Committee was held on Wednesday, May 28 at 8:00
a.m. in the Superintendent's Office at the Cape Elizabeth Town Hall.
Committee members present: Rebecca Millett (Chair), Trish Brigham, Peter
Cotter
Others Present: Alan Hawkins, Pauline Aportria, Kathy Ray, Sue King
The committee signed warrants.
The committee reviewed the food service program. It continues to reflect
a negative balance and increased slightly to $39,918. The committee discussed
requesting state approval for raising the price of hot lunches from $2.25
and is recommending $2.85 for student lunches and $4 for adults to the school
board for approval. It is the committee's hope that this amount combined
with federal reimbursements will better cover the costs of the lunch program
while not impeding an improvement in the number of lunches sold.
Sue King is investigating the possibility of utilizing a lunch credit card
program and will report back to the committee.
The energy report was reviewed, and concern remains over the state of energy
costs.
The committee reviewed the photocopier and printer lease as presented by
the business manager Pauline Aportria. Cape Elizabeth joined 19 other districts
and municipalities and as a result received a significant savings in the
cost of service and supply. Current cost per copy is $0.018644, with the
new agreement it is $0.009562. Black and white cost per copy is $005691 and
with the new lease it is $0049. The current capital lease is $39,100 and
the new lease will be $37,962.
The next finance committee meeting will be held Monday, June 23rd at 8:00
in the superintendent's office.
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