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Meeting Date:
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1/21/2021 - 6:30 PM
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Category:
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Agenda
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Type:
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Info/Action
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Subject:
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V. REVIEW: Fiscal Indicators
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NCA/AdvancED District Strategic Plan:
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Enclosure
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File Attachment:
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Summary:
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During the 2019 legislative session, Senate Enrolled Act 549 (“SEA 549”) added a new requirement for school corporations pertaining to the Fiscal Indicators. During a school corporation’s annual Board of Finance meeting, the superintendent of the school corporation or the superintendent’s designee shall submit a written report to the Board of Finance that assessed the financial condition of the school corporation using the Indicators. The Board of Finance shall review the submitted report. A specific format for this report is not outlined in SEA 549. However, the superintendent or the superintendent’s designee should utilize the Indicators as the foundation for this report and can then add additional details or explanations as needed to provide the Board of Finance with an assessment of the school corporation’s overall financial condition.
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Funding:
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Recommendation:
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That the Board of Finance acknowledges that the Fiscal Indicators report has been reviewed and accepted by the Board of Finance.
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Approvals:
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Recommended By:
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Signed By:
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Ted Zembala - Business Manager
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Signed By:
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Dr. Peggy Buffington - Superintendent
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Vote Results:
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| Original Motion | | Member Rikki A. Guthrie Moved, Member Karen J. Robbins seconded to approve the Original motion 'That the Board of Finance acknowledges that the Fiscal Indicators report has been reviewed and accepted by the Board of Finance.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Terry D. Butler | Yes | | Karen J. Robbins | Yes | | Donald H. Rogers | Yes | | Stuart B. Schultz | Yes | | Rikki A. Guthrie | Yes | | Sandra J. Hillan | Yes | | Frank Porras | Yes | |
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