BUDGET and FINANCE COMMITTEE

BUDGET and FINANCE COMMITTEE

January 20, 2015

Committee: Dr. David Hakes, Chairperson

Brian Davis

Al DerMovsesian

I.INFORMATION ITEMS

A.Upper Moreland Middle School Bond Issue Report as presented

B.Capital Reserve Project Report as presented.

C.Fund Raising Reportfor November/December 2014.

D.Facilities Overtime Report for November/December 2014 as presented.

II.DISCUSSION ITEMS

A.Administration willreview changes to the e-rate program for fiscal year 2015 and the benefits which Upper Moreland School District will receive from the new funding structure.

B.Administration will present a comprehensive data report of financial and operational components and data points.

III.CONSENT ITEMS

1. Revenue Report and Expenditure Report for the month(s) of November/December 2014as presented.

B.Financial Reports for the month(s) ofNOVEMBER/DECEMBER 2014 as presented:

1.Check Reconciliation and List of Payments as presented.

2.Fund Profile Statement as presented.

3.Outstanding Investments Report as presented.

4Scholarship Fund report as presented.

5.Student Funds report as presented.

6.Budget Transfers as presented for DECEMBER2014/JANUARY 2015.

7.Food Service Financial Statement as presented.

C.Request approval for the Accelerated Budget Opt Out Resolution Certifying Tax

Rate Within Inflation Index for the Upper Moreland Township School District to

limit the budget to the 1.9% index for 2015-2016.

D.Request approval for the Upper Moreland School District Annual Financial

Report for Year Ending June 30, 2014 prepared by Maillie, LLP as presented.

E.Request approval for the Resolution for the 2015/2016 Operating Budget for Eastern Center for Arts and Technology in the amount of $1,525,954. This represents a decrease of $91,825. when compared with the 2014/2015 budget.

F.Request approval for the Resolution for Montgomery County Intermediate Unit Proposed 2015/2016 General Operating Budget as presented:

1.Resolution for the overall Administrative Services Budget, $45,311.

2.Resolution for the Curriculum, Instruction and Professional Development Services Budget, $2,150.

3.Resolution for the Legislative Services and Grand Development Budget, $3,397.

4. Resolution for the Technology and Information Services Budget, $39,764.

G.Request approval to sell and/or dispose of four vehicles as detailed in the attached memo dated December 2, 2014.

H.Request approval to accept the Pennsylvania Farm to School mini-grant from the Pennsylvania Department of Education and Penn State University in the amount of $1,001.88.

I.Request approval for the following contracts for the Middle School Musical as presented (Funded with Student Funds):

1.Erica Bruner, Pit Performer (Flute) - $350.

2.Debbie Chrisman, Pit Performer (Clarinet) - $350.

3.John D’Ascenzo, Pit Performer (Trumpet) - $350.

J.Request approval for a Tax Refund for Real Estate Taxes paid for Tax Year 2014 for Parcel #5900-18679-00-9 as requested by Joseph Olszak, Tax Collector, in a request dated 12/23/2014 in the amount of $2,676.98 because of a new lowered assessment.

K.Request approval to contract Philadelphia Suburban Realty to conduct an

appraisal on Parcel #59-00-05581-00-3. The purpose of this appraisal in theory

is to increase in value subject properties market value. The cost to contract this

assignment is $2,750.00.

L.Request approval for the contract with Solid Grounds DJs to provide DJ services for the Upper Moreland Junior Prom in the amount of $450.00 as presented. (Funded by Student Council)

M.Request approval for the transportation contract between Upper Moreland School

District and Hatboro/Horsham School District for School Year 2014-2015 at a

cost of $15.00 per day to transport a Hatboro/Horsham student to Open Door

Christian Academy School.

N.Request approval for the transportation contract between Upper Moreland School

District and Hatboro/Horsham School District for School Year 2014-2015 at a

cost of $56.00 per day to transport a Hatboro/Horsham student to Villa Joseph

Marie High School.

O.Request approval for the transportation contract between Upper Moreland School

District and Hatboro/Horsham School District for School Year 2014-2015 at a

cost of $100.00 per day to transport a Hatboro/Horsham student to Wood

Services Gardener Center.

P.Request approval for the contract of Edward Flores, Jr. to design/construct the set for the High School spring musical Legally Blonde to be performed on March 26, 27 & 28, 2015 in the amount of $1,000.00. (Funded with Student Funds)

Q.Request approval for the Foy Inventerprises Inc. Agreement for theatre flying

effects for the Middle School spring musical Peter Pan to be performed on March 5, 6 & 7, 2015 in the amount of $5,025.00 plus expenses. (Funded with Student

Funds)

IV.EXECUTIVE SESSION

A.Request approval to accept proposed settlement for Parcel #59-00-19948-00-9 as prepared by Philadelphia Suburban Realty.

MOTION: To approve all items in the Budget/Finance Consent Agenda as presented.