Community Room, 817 South Main Street, Tipton, IN 46072
Tuesday, November 8, 2022
- 6:30pm - 7:30pm
Approval of the Agenda
Approval of Minutes
Approval of Claims
Approval of Personnel Report
Approval to Accept Donations
Parent Teacher Conferences
Building Projects
Director of Student Achievement and Learning, Scott Jaworski
Director of Student Services and Transportation, Shayne Clark
Director of Food Service, Adam Proulx
Director of Technology, Steven Gingerich
The monthly report for October provides you with a summary of the monthly revenue versus expenditures. For October revenue in the education fund was $910,284, with expenditures of $783,382, giving us a cash balance of $743,730, in the Education Fund. Operation expenditures are $469,351, with a cash balance of $287,485. Debt Service has a cash balance of $1,374,380. The Rainy Day Fund balance is $2,511,814.
As we prepare for the upcoming TMS construction projects we need to clear out some storage spaces of antiquated and unusable athletic uniforms, equipment, and furniture. The memo attached describes the items declared surplus so they may be legally discarded. The recommendation is to approve the declaration of surplus allowing for the disposal of these items listed in the attached memo.
In the winter of 2021, the Board of School Trustees approved a transfer of $500,000 from Rainy Day to the Operation Fund for greenhouse construction. In order to use those funds for the project an additional appropriation is needed in the Operation Fund. We approved this additional appropriation earlier in 2022, but failed to upload it within 10 days on the DLGF. It is recommended the Board of School Trustees approve the additional appropriations as written.
The Total Seed Production Greenhouse is nearly complete but we still have some outstanding expenses. The transfer of $500,000 from Rainy Day, plus the donation of $386,000 from Friends of Tipton FFA we could still have as much as $270,000 in outstanding expenses. In order to cover the additional expenses, an additional appropriation directly from Rainy Day is necessary. It is unlikely we will need the full amount since the additional costs include retainage and contingencies. It is recommended to approve an additional appropriation up to $270,000 from our Rainy Day Fund.
Due to unexpected increases in material, equipment, utility, and fuel costs we will need to transfer an additional $300,000 from the Education Fund to the Operation Fund. This is in addition to the $200,000 transferred last month. The overall impact to the Education Fund will drop the projected 12/31/22 cash balance to approximately $600,000. The transfer from the Education Fund will be less than 5% of the allowable 15%. It is recommended the Board of School Trustees approve the resolution to transfer funds as written.
11/21-Business Affairs Committee Meeting 5:30PM
12/19-Branding/Public Relations Committee Meeting 5:30PM
11/10-Flu Shots Available for TCSC Staff
11/11-Veteran's Day
11/14-Regional ISBA Meeting Kokomo 5:30PM
11/17-Tipton Ambassadors Class of 2023-First Meeting 7:30AM
11/21-Business Affairs Committee Meeting 5:30PM
11/23-11/25-Thanksgiving Vacation
11/28-New School Board Member On-Boarding 6:30PM
12/5-TMS/THS Choir Concert 7:00PM
12/7-TMS/THS Band Concert 7:00PM
12/8-TES Music Program 7:00PM
12/13-Monthly Board Meeting 6:30PM
12/15-Y.O. Family Night Concert 7:00PM
12/22-1/2 Winter Break