Revolving Accounts Quarterly Review (5 minutes)

Transcript (~4 min @ 42:38)

Speakers identified by voice; unnamed voices are numbered within this recording. Auto-caption text — verify against the video.

▶ 42:43 Speaker 4: first on the finance and facilities subcommittee is the revolving accounts quarterly review

▶ 42:53 Speaker 6: i will defer to the superintendent again we have an agreement that we will bring the quarterly quarterly on a four time a year basis for those of us who don't know what quarterly means and update on the fund balance of the revolving accounts again I remind everybody revolving accounts change over time they ebb and flow depending on the activity so that if you look at this this list and you look at some of these things like the athletics balance it depends on coaches being paid over the year officials being paid if you look at the ecamp ecamp especially um our goal with ecamp is always to spend it down to zero once ecamp occurs in june and there are other similar accounts uh the school lunch account as you know um it is a separate account that uh chartwells reports out on it pays their expenses it pays our meals tax we have been fortunate with chartwells over the past couple of years that they've had a small profit we've used that profit for upgrades and equipment in the cafeterias especially the high school cafeteria and if you have any questions makes an entrance

▶ 44:21 Speaker 5: it's been a night of it it's been priorities priorities um if you have any questions

▶ 44:23 Speaker 6: ms farrell and i are happy to answer any questions you have about any specific accounts but again you

▶ 44:37 Speaker 4: remember these ebb and flow over the year there is no vote required but is there any discussion or questions to be had ms mcallister grant i just wanted to ask if the these accounts were impacted by the changes to the accounts that we talked about at the last meeting where the accounting

▶ 44:55 Speaker 1: structure was edited a little bit actually a couple of things that do not show up on this report that were there last time yeah one of them is the fees you sent me an

▶ 45:08 Speaker 1: email on summer stay in play no there was fees there's a there was a fund we were collecting the guys because for the Franklin program you start paying your fees in this school year for next year yep so that's been zeroed out so that's not here right now because we're not collecting those fees we're hoping to create something that's more defined as opposed to just a general fund okay the other one that's not here from your previous one is the summer enrichment program that actually was money from summer school which we did it's been several years that we haven't had it so we decided to use that against the to offset the budget and then take it out of the mix because it's not something

▶ 45:50 Speaker 4: that we're using year to year I think it would be helpful if there was a column just that had the account number oh that's what I was trying to do was sort of match the budget last year's but I know that the chart of accounts was

▶ 46:05 Speaker 4: updated so thank you and if I may I believe in the previous budget document there was a a secondary column that had some minor explanation of each of those accounts and whether or not they were dedicated or more general in the future

▶ 46:27 Speaker 1: as we have new members coming on so that they'll be a reminder of what each fund