HASTINGS AND PRINCE EDWARD DISTRICT SCHOOL BOARD BUDGET COMMITTEE PUBLIC MEETING MINUTES June 11, 2012 Members present: M. Brant, S. Clements, B. Danes, J. Cobb, T. Goodfellow, M. Hall, D. Inch, Chair, L. Kyle, D. Patterson, J. Williams Regrets: Resource: C. DeMille, T. FitzGibbon, R. McGall, M. Norton, C. Portt, J. Rogers, D. Rutherford, Minutes: J. Newman Call to order The meeting was called to order at 4:12 p.m. Delegations/presentations None Approval of agenda Moved: Seconded: J. Cobb B. Danes That the agenda be approved. Carried Approval of minutes Moved: Seconded: D. Patterson M. Brant That the minutes from the public meeting of May 28, 2012 be approved. Carried Recommendation 2012-2013 Budget approval Director McGall provided an opening statement and acknowledged the senior team for their work and efforts in the preparation of the 2012-2013 Budget. Superintendent Rutherford reviewed Report No. B-1 to approve the capital and operating budgets for the 2012-2013 fiscal year. It was noted that the operating deficit originally projected at $3 Million was brought to $255,013.00 as a result of budget adjustments across all components of the board’s operations. The Budget Committee is recommending that the deficit be offset by the Board’s accumulated surplus which is projected to be approximately $2 Million at August 31, 2012. Included in the report was an overview of the 2012-2013 revenue and expenditure projections as summarized in Appendix A. Superintendent Rutherford responded to questions and provided further clarification as required. Moved: Seconded: D. Patterson J. Cobb That the Budget Committee recommends that Hastings and Prince Edward District School Board approve the 2012-2013 capital and operating budgets respectively in the amounts of $23,751,296 and $191,927,941 as contained in Budget Committee Report No B-1 dated June 11, 2012. HASTINGS AND PRINCE EDWARD DISTRICT SCHOOL BOARD BUDGET COMMITTEE PUBLIC MEETING MINUTES – June 11, 2012 Page 2 Carried Trustee Goodfellow abstained from the vote due to a perceived conflict of interest. Director McGall acknowledged Superintendent Rutherford and his team for their work and efforts in presenting a balanced budget. Chair Inch acknowledged Director McGall in keeping to his mandate to present a balanced budget to the Board. Director McGall noted that further challenges are ahead and the senior team will continue to evaluate system needs. The meeting adjourned at 4:57 p.m.
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