Glenbard Township High School District 87 Finance/Facility Committee met Sept. 9.
Here is the minutes provided by the committee:
Members Present: Mr. Chris McClain, Assistant Superintendent for Finance and Operations, CSBO
Ms. Margaret DeLaRosa, Board of Education
Mr. Robert Friend, Board of Education
Ms. Mireya Vera, Board of Education
Dr. David Larson, Superintendent
Mr. Michael Lindquist, Community Member
Mr. Angelo Santucci, Community Member
Mr. Barry Brave, Accounting Coordinator
Mr. Bob Verisario, Director of Buildings and Grounds
Mr. Michael Flynn, Sr. Student Liaison
Approval of Minutes: Ms. DeLaRosa signed the August 12, 2019 minutes. There were no concerns from the committee.
Accounts Payable: Mr. McClain presented the September 9, 2019 Payables Report. There were no concerns from the committee. Ms. DeLaRosa requested an accounting of Holstein’s Garage charges at the next Finance Committee meeting.
Contracts Under $25K: Mr. McClain shared information on four contracts approved (under $25K):
Butterfield Park District - swimming pool usage - West/South Swim Team Co-op
Jensen Hughes - security consulting services
Comcast - voiceedge services - Transition Center - Northern Region
Comcast - internet services - Transition Center - Northern Region
6th Day Student Enrollment: Mr. McClain shared 6th day enrollment actuals vs. estimates with committee.
2019-2020 enrollment for the district was projected by Kasarda at 8,175; 6th day ADA enrollment was 8,161.
West’s 6th day enrollment is greater than projected, while enrollment at East, North and South are slightly less than projected. The variance may be impacted by how Home School and Serving School are represented for Transition site students.
Official counts will be taken from Fall enrollment, which reflect students enrolled as of the last school day in September.
Financial Benchmark Data: FY187 data has been compiled by the business office that benchmarks the Illinois Northwest Principals’ Association high school districts to Glenbard.
Data represents a total of 21 benchmark districts.
Financial benchmarks include real EAV per pupil, operating expenditure per pupil, and total tax rate.
Glenbard’s real EAV per pupil is in the lowest 1⁄3 of benchmark group; operating expenditure per pupil is 3rd lowest; and tax rate is 9th lowest in benchmark group.
When considering these factors, Glenbard does an excellent job providing exceptional programming to our students with significantly less spend per pupil than the majority of other districts with larger operating budgets, greater wealth, and higher tax rates.
Committee requested this information be shared with full Board at a future meeting. Monthly Reports: The following reports were shared for review by Committee:
Revenue and Expense Summary
Revenue and Expense Summary - Actual vs. Budget
Cash Flow Forecast
State and Federal Revenue Funding
Cash and Investments