August 23, 2024

The Finance Advisory Committee kicked off the 2024-25 school year with its first meeting on Aug. 20. The committee began by introducing new members, navigating financial information on the district website, and learning about the committee's goals and purpose. New members were invited to set an appointment with Joel or Dawn to review the budget adopted in June.

The Finance Advisory Committee exists to ensure transparency, accountability and efficiency in District finances. Committee members discuss areas covered by the district's fiscal management policies. In addition, the Board of Education directs the specific responsibilities of the committee to review any matters potentially having a significant impact on district finances before the board takes action.

Chief Financial Officer Joel Scheible reviewed finance-related board agenda items on the August Board of Education agenda, including the Annual Secretary of the Board Report, which is the district's annual report of state finances. The ASBR is required by law to be submitted to the Department of Elementary and Secondary Education on or before Aug. 15 each year. The ASBR contains information, such as revenues, expenditures, fund balances, debt, and transportation data that are used for various data comparisons, calculations, and data requests. 

Scott Barbagallo was in attendance and explained the CMAR process and how well it went with the Gifted Center which was the district's first experience with the CMAR delivery method of construction.