• SC Budget Sub Committee Minutes 09/05/2012


    SHARON, MA 02067

    School Committee

    Budget Subcommittee

    Minutes – September 5, 2012

    School Administration Building

    Sharon Middle School

    75 Mountain Street

    Sharon, MA 02067

    Present: Timothy Farmer, Glenn Brand, Susan Owen, Jonathan Hitter, Laura Salomons, Emily Smith-Lee

    The meeting was convened at 6:00 p.m.

    Areas of discussion for this meeting:

    MASBO Report (MA Association of School Business Offices)

    - recommended financial procedures for the Athletic Department. Procedures will be fully implemented and reviewed at the end of this school year.

    •The implementation by the town of a new payroll system (Harpers) and the impact on the school budget re: financial reporting

    • Bonded employees – what employees should be bonded - Susan Owen will check with Rich Weiner of The Weiner Company, who are the town’s insurance agent.

    • Draft calendar for Capital planning and budget planning

    • Time-line for revolving account discussions – conceptual discussion should occur in November/December so that by January, what was voted and discussed would be reflected in the final School Committee budget vote

    • Helpful for budget planning if School Committee members are ready for full budget discussion before the Thanksgiving break – October 10th is target date for School Committee to submit their budget questions/concerns (priorities (programs, staffing issues, fees, etc.)

    • How the Five-Year Strategic Plan would impact the budget

    • Update on the closing of the 2012 budget – provided by Susan Owen (budget has not been closed out yet by the Town – closing in the black)

    Next meeting is scheduled for October 10th at 6:00 p.m.

    MOTION: (Salomons/Smith-Lee) Motion to adjourn. Yes vote: Hitter, Salomons, Smith Lee

    Meeting was adjourned at 6:55 p.m.

    Submitted by: Helen Campanario, Recording Secretary to the School Committee