FINANCE COMMITTEE MEETING
September 9, 2019
Committee Members Present: Jennifer Dumond-Chair; Michael Michaud, Amanda Olson
Board Members Present: Staci Fortunato, Edward Hastings, Pia Holmes, Kevin Lamoreau, Kati McCormick
Administrators Present: James Anastasio, Donna Madore, Kim Silsby
1. New labor laws - Review/update
A new labor law that states every hourly employee has to be offered pay averaging will have implications for the Augusta School Department in terms of time and how it affects employees who are paid with federal grants.
2. Implication of minimum wage increase to $12.00 effective 1/1/20
The minimum wage will increase to $12 per hour effective January 1, 2020. There are several levels on the salary scale under $12 per hour which affects two employees. Following a discussion, the committee agreed to move everyone who is not at $12 per hour up to $12 and not change the entire salary schedule. The increase will also apply to substitutes not currently paid $12.
Michael Michaud made a motion to move everyone who needs to go to $12 an hour up to $12 an hour effective January 1, 2020, and move to the board for consideration. Second by Amanda Olson, so moved 3-0.
Mr. Anastasio said prior to September 19, a retired employee that came back to work had a limit of years they could work and they maintained their insurance through the State Department. Part of the motivation for hiring retirees was to have an experienced candidate and have it cost less for the school district. The law now states a retired employee can be rehired for as many years as they want as long as it is on consecutive one year contracts and the local schools must pay into the retirement system.
3. Discuss 2021 budget formulization and presentation for the board
Mr. Anastasio said the DOE is asking for $11 million more for education in the 2nd year of the biennium to get closer to funding education at 55%. It is currently at 50.78%. The EPS formula is being reviewed. Budget carryover may change from 3% to 10%. Mr. Anastasio explained the process used to prepare the budget. Changes have been made to make it easier to understand. Some board members thought the process used last year worked well and found discussions with city council members had a positive impact. They felt it is important to share more information about what goes on in schools.
Suggestions for budget process:
1. Object codes spreadsheet with actual for 2018, budget for 2018 and the three years prior
2. Board to review past budget prior to reviewing the new budget to help formulate questions
3. Updates on the three year budget plan
4. School visits or school documentary - for city council members
5. Requirements for technology
Meeting adjourned at 7:25 p.m.