From:                                         Abbott, Sandi

Sent:                                           Wednesday, May 16, 2018 2:21 PM

To:                                               All District Staff

Subject:                                     May 2018 Board Briefs

A monthly publication highlighting work session and regular monthly

meetings of the Board of Education

The Forsyth County Board of Education consists of five members who are elected by district to staggered, four-year terms.

Upcoming Event

Regular Board Meeting

June 19 (6:00)

Summary of the May Meetings

Highlights of Presentation and Discussion Items

The following items were presented to the Board:

Finance Report: As of April 30, 2018 the Board learned the system is at 88.97 percent for the budget year. The Special Purpose Local Option Sales Tax revenues for March 2018 were up 12.67 percent from 2017 collections and up 24.37 percent from last month. A financial statement, investment reports, and bond summaries were also shared, as well as a detailed capital projects analysis.

Initial Budget Presentation- Rick Gunn, Chief Financial Officer, presented the initial budget.  This includes a step increase for all employees and a tentative 1% cost of living adjustment for all positions.  The budget includes the cost of adding two new schools. The TRS employer rates will increase from 16.1% to 20.9% for FY 2019.  The system maintained its five-star financial efficiency rating with the State for the third consecutive year.  Click here for the presentation.

Highlight of

Action Item

The following item was approved:

Tentative Approval of FY 2019 Budget: The Board approved by unanimous vote the FY 2019 tentative budget.

Helpful Links

|

Finance Report

April  Minutes (Regular Meeting)

May Personnel - Regular Meeting

May Personnel - Work Session

eBOARD

Board Meeting Video

Meetings can be viewed on TV Forsyth, Comcast Channel 23 and onwww.youtube.com/ForsythCountySchools

Sandi Abbott

Forsyth County Schools

Assistant to the Superintendent & BOE

1120 Dahlonega Hwy.

Cumming, GA 30040

770/887-2461

Fax 770/781-6632

[email-masked]