October 2, 2012

NORTH ROSE-WOLCOTT CENTRAL SCHOOL DISTRICT

BOARD OF EDUCATION REGULAR MEETING MINUTES

OCTOBER 2, 2012

7:00 PM

ROOM 210 OF THE HIGH SCHOOL

PRESENT:

Judi Buckalew, Robert Cahoon, Kari Durham Kelly Ferrente, Brigette

Henry, Danny Snyder, Gary Sproul

Elena LaPlaca, John Walker and one guests.

ABSENT/EXCUSED

John Boogaard, Philip Wagner

CALL TO ORDER

Kari Durham President called the meeting to order at 6:58 PM and led

the Pledge of Allegiance,

1. APPROVAL OF AGENDA

Robert Cahoon moved and Kelly Ferrente moved and seconded the

following motion. The vote was unanimous. J. Buckalew, R. Cahoon, K.

Durham, K. Ferrente, B. Henry, D. Snyder, G. Sproul voted yes

Be it resolved that the Board of Education, upon recommendation of the

Superintendent of Schools and pursuant to Education Law, approves the

agenda ofOc tober 2, 2012.

2. BUSINESS ADMINISTRATOR Bob Magin led a discussion of the Audit Committee’s recommendation

UPDATE

to transfer $910,000 of fund balance from the 2011 -12 school year into

the Building Capital Reserve Fund 2102. He discussed current financial

state of the district. He reminded the board that they cannot spend more

money than the budget that voters approved in May 2012.

The $910,00 0 in funds is a result of the fact that fuel costs were lower

than anticipated. We received a greater reimbursement than anticipated

from Medicaid. Grant funds were used instead of money from the

general fund. There was less expenditure in special education than

anticipated and a health insurance bill that is normally paid in June

didn’t arrive in the district until August.

As voters approved the creation of the Capital Reserve Fund, the

committee recommended that fund balance go to this account. The

district will need these funds for capital repairs and renovations

Bob Magin reported that discretionary accounts are fully funded now.

The district cannot end the year with more than the mandated 4% or we

will be cited by SED.

Dan Snyder moved and Robert Cahoon moved ands econded the

following motion. The vote was unanimous. J. Buckalew, R. Cahoon, K.

Durham, K. Ferrente, B. Henry, D. Snyder, G. Sproul, vo. ted yes

Be it resolved that the Board of Education, upon recommendn atof

io the

Superintendent of Schools and pursuant to Education La, apw proves an

additional transfer of $910,000.00 to the Building Capital Reserve Fund

2012 to be financed with unexpended funds as of June 302, 012.

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October 2, 2012

GOOD NEWS

John Walker shared with board members that the district received a

federal grant in the amount of $1,084,000 to establish the North Rose -

Wolcott Elementary Counseling program. It is -ya ear

3 grant,

ADJOURNMENT

Robert Cahoon moved and Gary Sprouml oved and seconded the

following motion. The vote was unanimous. J. Buckalew, R. Cahoon, K.

Durham, K. Ferrente, B. Henry, D. Snyder, G. Sproul, voted yes

Be it resolved that the Board of Education, upon recommendation of the

Superintendent of Schools and pursuant to Education Law, approves the

adjournment of the meeting at 8:1PM0 .

_________________________________________________________

Clerk of the Board of Education