Finance Committee Meeting Minutes/February 9, 2010

MSAD/RSU #11
FINANCE COMMITTEE
MERLE E. PEACOCK JR. BOARD ROOM
TUESDAY, FEBRUARY 9, 2010
7 pm

MINUTES

Present: Eric Jermyn, Chair, Marc Cone, Tyler Trott, Deb Couture, Sarah Ricker,
Tom Farkas, Paul Knowles, Andrea Disch

Others: Howie Tuttle, Terry McGuire

I. Mr. Jermyn call the meeting to order at 7:00 pm.

II. The Committee signed the warrants.

III. A. Ms. McGuire explained and discussed the proposal to move away from lease
purchasing technology with the Committee.

VOTED: 6-0 Motion by Mr. Trott, seconded by Mrs. Couture to approve the proposal.

B. Mrs. Disch and Dr. Knowles explained and discussed how bank repurchase
agreements work.

C. Dr. Knowles reviewed Attorney Stockmeyer’s opinion of an RFP vs. an RFQ.

D. Mrs. Dish reviewed the status of school system’s debt service.

E. Dr. Knowles and Mrs. Disch reviewed the current status of 2010/2011
state funding.

IV. The meeting adjourned at 8:15 p.m.

Respectfully Submitted by,

Paul D. Knowles, Ed.D
Recorder