McLean County Unified School District No. 5 Board Finance Committee met Oct. 14.
Here are the minutes provided by the committee:
COMMITTEE ATTENDEES: Alan Kalitzky, Stan Gozur, Dr. Kristen Weikle, Marty Hickman, Tommy Hoerr
COMMITTEE ABSENTEES: None
OTHER UNIT 5 ATTENDEES: None
1. 2022-2023 BUDGET UPDATE
● Mr. Hoerr updated the Committee on the financial progress of the District for fiscal year 2023. Through the end of September, revenues are trending right on budget. Expenditures are trending more favorable than budgeted. Part of this is related to not all budgeted positions being filled. Part of this is also related to timing of expenditures compared to past fiscal years. Mr. Hoerr cautioned that it’s still too early to tell if this trend will continue through the end of the year.
2. SCHOOL BUS BID
● Mr. Hickman informed the Committee that the District issued an Invitation To Bid (ITB) on October 11, 2022, for 20 new school buses. Mr. Hickman requested input from the Committee pertaining to options on financing the purchase. The Committee discussed using Working Cash funds and/or lease to purchase. Administration will look into lease interest rates to see if that is a viable option.
3. RADIO BID
● Mr. Hickmam informed the Committee that the District was planning to issue in the near future a Request For Proposal (RFP) for a district-wide radio communications system. Mr. Hickman gave the background on radio communications in the District, and also talked about why the District is needing to upgrade the radio communications system. The Committee discussed potential financing options. Administration is going to look into whether it is able to lease out of the Tort Immunity Fund.
4. SET NOVEMBER MEETING DATE/TIME
● The Committee set the next meeting for November 11, 2022 at the Unit Office.
5. AUDIT UPDATE
● Mr. Hickman and Mr. Hoerr updated the Committee on the progress of the FY 2022 audit. The audit is taking a bit more time than usual due to ESSER funding that the District received, and due to implementation of a new leasing standard, GASBS No. 87. Presentation of the audit is slated for the next Finance Committee meeting.
6. PUBLIC COMMENTS
● One member of the public shared some concerns regarding the anticipated RFP for pupil transportation services.
The meeting adjourned at 4:08 PM.
https://meetings.boardbook.org/Documents/CustomMinutesForMeeting/1482?meeting=551983
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