John Cooper

The Insurance Committee discussed the financials for the insurance fund, including the fund balance and revenue versus expenditure data. Additionally, a monthly financial update was provided by Oswald. There were no updates regarding the wellness program.

The board meeting addressed several key agenda items, including the approval of board meeting agendas and proceedings. A significant portion of the session was dedicated to a discussion about the district's recent levy, emphasizing the need for transparency, factual accuracy in communication, and the financial challenges faced by the district. The meeting also featured retirement recognition events for high school staff, with further recognition ceremonies scheduled for middle school, elementary, and classified support staff.

This document serves as a formal notice regarding the relocation of the regular Board of Education meeting. The meeting has been moved to a new facility to ensure accessibility and accommodate the public.

The committee reviewed the financial status of the insurance fund, noting that expenditures exceeded revenues for the month of April and throughout the fiscal year. A discussion on premium adjustments resulted in an agreement to implement an 18.67% increase in medical and prescription premiums to bolster the fund balance for the upcoming fiscal year. Additionally, the committee received a monthly financial update from their consultant, Oswald.

The meeting focused on the review of end-of-month financial reports and the Insurance Fund. Discussions included an analysis of the General Fund ending balance, Insurance Fund performance, and the fiscal year-end results where expenditures exceeded revenues. The committee discussed specific transactions such as an Express Scripts rebate, stop-loss payments, and medical administrative fees, as well as trends in medical and prescription claims.