Financial
Committee
of Lisbon/M.S.A.D. No. 75 RPC
Minutes
December 5, 2007
The Financial Sub-committee of the
Lisbon/M.S.A.D. No. 75 Reorganization Planning Committee met during the
break-out session of the Wednesday, December 5, 2007, meeting of the RPC at
Committee members present
were: Elinor “Ellie” Multer, Chair;
Martha Poliquin; and Jim Trusiani. Not
present were Roy Letourneau and Joanne Reinhart.
Also present were M.S.A.D. No. 75
Business Manager Ron Lavender; Lisbon Business Manager Catherine Messmer;
M.S.A.D. No. 75 Special Education Director Patrick F. Moore; and Jay Bartner,
RPC facilitator.
Lease-purchase agreements – Mr. Lavender noted that M.S.A.D. No. 75 has a lease-purchase
arrangement with a financing company that involves a contract for energy-saving
devices under which the cost of the contract is fully covered by energy
savings. Under the previous, accepted recommendation
of the Financial Committee, this lease-purchase would also be passed on to the
new RSU; however, the agreement is not contemplated under the language included
in the language in the “Reorganization Plan” document offered by Drummond
Woodsum – page 12.
Therefore, the Financial Committee recommends the
following modification to the language shown:
Additionally, other bonds, notes and lease-purchase
agreements issued by an SAU before the operative day of the region shall be
assumed by the region, provided the SAU issued the bond, note or lease-purchase
agreement in the normal course of its management of the schools for an
essential purpose to replace its existing facilities and existing items of
equipment that are not longer serviceable, or to keep them in
normal operating condition, or to
reduce operating costs.
The Committee understands that
there will be additional lease-purchase agreements in place at both SAUs prior
to the creation of the RSU covering school buses, copying machines, etc.
Agency, Scholarship, Special
Revenue & Enterprise Funds (See attached
lists.) – Mr. Lavender pointed out that M.S.A.D. No. 75 does not administer any
scholarship funds, as these are all handled through the
With regard to all the other funds, the Financial
Committee makes the following recommendation:
That the funds be turned over to the new RSU with a stipulation that the
current designated beneficiaries and other conditions governing these funds be
retained.
Start-up Costs & Projected
Savings – The Committee reviewed a preliminary
projection of potential savings that could be realized through the creation of
the RSU (see attached). These are net
figures, and much work remains to be done on this as the staffing requirements
and other needs of the new RSU become clear.
Much will depend upon the development of a table of organization for the
new unit. The estimate is a work in
progress.
The Committee also reviewed an
initial list of items that would represent start-up costs for a new RSU
(attached). Mr. Lavender and Ms. Messmer
agreed to try to attach dollar values to those items in time for the December
19th meeting.
There was discussion
of the fact that these costs will need to be included in the FY ’09 budgets of
the two SAUs, and a recommendation from the Committee will be needed as to the
basis on which to allocate those costs between
Respectfully submitted,
Elinor Multer
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