Ashland School District No. 5, Jackson County, Oregon - The Budget Committee met in a regular session on Tuesday, May 13, 2008, at 7:00 p.m. in the Ashland School District Board Room. Present were:
Mike Zodrow )
Traci Adams, Accountant
I. Call to Order
The meeting was called to order at 7:03 p.m. by
II. Roll Check
A roll of the Committee was taken and all members were present with the exception of Chris Holzshu and
III. Budget Details
It was agreed that the Interest on Investments on page 25 of the budget document need to be spread among the other accounts.
IV. Review Suggested Modification to the Budget
Committee members reviewed the YAAL Ballot Language and Board Resolution.
The levy reductions were reviewed.
Textbook funding, computer allocation and staffing changes were reviewed.
V. Possible Funding Changes
Lengthy discussion was held on increasing funding for the club sports, allocation of computer funds, review of the local option levy funds. Juli Di Chiro explained that you could slightly increase the collection for the local option levy and then increase funding for the club sports supplies.
A discussion was held regarding the ending fund balance. The current ending fund balance is $700,000; board policy states an 8% ending fund balance should be maintained which would total $2,000,000. It was suggested that the Board should direct administration to work towards the 8% ending fund balance if that is the desire of the Board.
IV. Fall Meeting Schedule
Juli Di Chiro explained the role of the budget committee and reviewed the purpose of the budget committee meeting held in November each year.
There being no further business, the meeting adjourned at 9:22 p.m.