CHESTER BOARD OF EDUCATION

REPORT OF BOARD COMMITTEES

To be given to Board of Secretary no later than one day after the meeting is held, for distribution to the entire board.

NAME OF THE COMMITTEE Finance Committee

NAME OF THE CHAIRPERSON Tim Schmidt

DATE AND HOUR OF MEETING 4-3-03 7:00 pm LENGTH OF MEETING 2:15

BOARD MEMBERS ATTENDING Tim Schmidt Hallie Swerdlin

ADMINISTRATORS Ralph Goodwin Mike Roth

OTHERS

SUBJECT(s) DISCUSSED/CONCLUSION(s) REACHED/RECOMMENDATION(s)

1. Policy 3280, Gifts, Grants and Bequests - Proposed policy was discussed. The Committee’s primary objectives with regard to this policy are to address the concerns of the PTA and the Educational Foundation and satisfy the legal and fiduciary responsibilities of the Board regarding District property and its use. Language was proposed, and the Policy will be put up for second reading at the next Board meeting.

2. Sodexho Contract - Sodexho has submitted a revised price schedule for the coming year. Prices have not been increased for a number of years. The committee reviewed the new prices, and the resulting percentage increases, and recommend the approval of the new contract.

3. Bills List - April bills will be reviewed by Tim Schmidt prior to submission to the Board for approval.

4. District Auditor - The Committee reviewed the proposal from the District’s current auditor for the coming year. The Committee will recommend to the Board the reappointment of the firm of Dickinson, Vrable, and Cassels (Ralph Picone) for the coming year.

5. State Aid Delay - The District has been notified that the State will delay an aid payment due in the current fiscal year until next year. The Committee reviewed this matter and discussed the implications for the District.

6. Custodian Contract Negotiations - Contract negotiations with the Custodians was discussed, including a review of correspondence received from the Boards attorney regarding a number of issues.

7. Committee Structure for 2003-2004 - On a preliminary basis, the Committee discussed alternate committee structures and membership issues for the coming year. The Committee also discussed how, in its view, the current committee structure is working.

DATE, TIME, PLACE OF THE NEXT MEETING:____TBD__________________________________________

Tim Schmidt

Signed