Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available. Details Meeting Name: Budget and Finance Committee Agenda status: Final Meeting date/time: 5/30/2018 6:00 PM Minutes status: Draft   Meeting location: KDOL TV Studio, B-237, Met West High School Entrance, 314 East 10th Street, Oakland, CA 94606-2291 Published agenda: Agenda Published minutes: Not available   Meeting video: Video eComment: Not available   Attachments: Meeting Items (3) 3 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: Legislation only Legislation only All agenda items File # Ver. Agenda # Name Type Title Action Result Action Details Video 18-1252 1   Minutes - Budget and Finance Committee - Regular Meeting - April 4, 2018 Minutes, Committee Ratification by the Budget and Finance Committee of its Regular Meeting Minutes of April 4, 2018 prepared by Staff shortly after said Meeting.     Not available Video 18-1240 1   Budget and Finance Committee - District's 2018-2019 Budget - Key Questions Discussion Item Preview by Budget and Finance Committee of 2018-2019 Budget and discussion of key questions to inform additional budget reductions for 2018-2019. 1. What is the target number for reductions for 2018-2019? What does that number consist of? 2. What are the options for further reductions for 2018-2019? 3. What was the total amount needed to close the books for 2016-2017, and the other large ($100k+) expenses that have emerged this year (for example, HBGB), but were not budgeted for (total amount of closing the books + unexpected expenses)? If staff do not believe we need to plan for this same amount to be needed to close the books on 2017-2018, what are their reasons for believing that? 4. Of all the internal controls issues identified by FCMAT, which ones have staff begun to address, and how are they are addressing them? What is the plan for implementation of the internal controls improvements once the contract with WestEd is completed? 5. Based on the reductions the Board has already approved for 2018-2019, what are the anticipated savings? 6. How are staff planning to use one-time funds from the state in the 2018-2019 budget? How much for reserves, how much for Self-Insurance, how much for HBGB, deferred maintenance? When will they be seeking Board approval for their plan, pursuant to the Fiscal Reserve policy adopted by the Board?     Not available Video 18-1224 1   Board of Education - Direction - Fiscal Years 2018-2019 and 2019-2020 Budget Reductions Resolution Adoption by the Board of Education of Resolution No. 1718-0197 - Board of Education - Direction - Fiscal Years 2018-2019 and 2019-2020 Budget Reductions.     Not available Video