Monthly Budget Summary

Transcript (~3 min @ 2:38:00)

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▶ 2:37:50 Margaret Raymond Driscoll: this evening thank you thank you thank you very much next on our agenda is the finance and facilities subcommittee mr selma is not able to be with us if miss castelli would be willing to um take over i would appreciate you to do that what you're talking about uh i believe that there

▶ 2:38:03 Christine Casatelli: was something pulled off the yes the monthly budget summary report yes the monthly budget

▶ 2:38:15 Christine Casatelli: motion to approve second thank you okay um moved by miss mccallister grant seconded by miss driscoll discussion all in favor okay discussion sorry so I wanted to focus on my phone

▶ 2:38:30 Speaker 3: here I just had a question which I already shared in the sphere all about there were negative balances in excess of 35,000 for three of our accounts 1410 business and finance 2210 school leadership building and 2310 teacher specialist so I wanted to understand that was a significant change from the prior month and just wanted to get the background on that situation so there's

▶ 2:38:55 Speaker 1: a couple of things that were different in the report this month what we do is about this time of the year we encumber the salaries for the remainder of the school year we wait until we get all of our teacher upgrades and so we had just done that so now when you have a payroll you have to now disencumber the funds I ran the report prior to payroll disencumbering it so it's actually showing up in two places okay so that's my bad so we're not $35,000 today no

▶ 2:39:34 Speaker 3: great all right thank you very much for clarifying that okay other questions

▶ 2:39:44 Speaker 2: okay did you want to speak on that would you just clearly explain why you can't

▶ 2:39:49 Speaker 1: run the report again oh so actually today we were working on making adjustments to our chart of accounts desi has made adjustments this year that we have to have in play so we actually had our consultant working with us today to make those adjustments so some of the categories are rolled up together now and others are being broken out and being separated out differently so we have to modify according to what the state requires is there a new chart of accounts that they issue yes they are they've made some changes so that for example special education teachers and regular education teachers which had been separated are now put together in professional development now they're breaking out PD into a couple of different categories so you would have consultants from the outside as opposed to just in-house professional development you would provide there's just a couple yeah so if you run the

▶ 2:40:49 Speaker 1: report again it's not the same next month it'll look differently because the

▶ 2:40:56 Christine Casatelli: numbers will have changed right thank you any further questions sort of a motion and a second to accept the report all in favor

▶ 2:41:09 Christine Casatelli: carries unanimously thank you next on the agenda is an annual report from Massachusetts Department of Elementary and Secondary Education I will ask the superintendent to update us so as you all know we have to give a year-end