FCS – Business and Finance Committee Meeting Minutes – 10/08/18

Business and Finance Committee
Monday, October 8, 2018
11:30 a.m., Superintendent’s Office
Meeting Minutes

Attendance: Dave Hazekamp, Elroy Buckner, Kris Cole, Paul Matz, Mark Mesbergen, and Bob Szymoniak

1. Audit Report
Paul Matz from Rehmann presented the outcome of the 2017-18 financial audit. The presented audit consisted of zero findings and zero comments.

2. Cash Flow
Mark gave an update on Fruitport’s cash flow. Mark and Fifth Third agreed upon a loan of $500,000 for two months. The interest rate was 2.56% and should cost the district roughly $3,000 which includes legal fees.

3. Tentative Agreements
Mark explained the tentative agreements that were reached with the Clerical Association, Affiliated-Admin Association and the Transportation-Food Service Association. Each agreement is a three year deal with a formula included. Mark also discussed the non-affiliated and ECC increases. The tentative agreements, non-affiliated, and ECC increases will be on the personnel agenda.

4. Request to increase ECC rates
Mark presented a letter from Pam Bergey, Director of ECC, which proposes to increase the rates by $4 per kid per week. The increase is to offset operation expenses along with salary increases given to staff.

5. Change Order
Mark and Bob explained a change order that will be on the board agenda due to it being above the $65,000 threshold.

6. Merit Pay
Bob and Mark presented the recommendation for merit pay for the teachers and building principals/assistant principals.

Meeting adjourned at 12:34 p.m.

Respectfully submitted by Mark Mesbergen