Linda Allen

The committee meeting addressed updates from architects and the construction manager regarding project changes, including a VRF refrigeration change, Phase 1 demolition and abatement reconciliation, and offsite disposal of contaminated topsoil. Financial topics included the review and approval of project invoices. Additional items involved a report update from the Town of Waterford, discussions on furniture, fixtures, and equipment, the establishment of a supplemental meeting schedule, and authorization for the Coordinator of Special Projects to approve limited project-related expenses.

The board discussed the financial status report, noting a decrease in net position due to high claims and an increase in large claims. The meeting included a review of vendor updates regarding stop loss options, re-pricing, and wellness programs. Discussions were held on surplus and deficit reserve status, where projections suggested a potential surplus for the year. Additionally, the board reviewed renewal projections for the upcoming fiscal year rate increases and held a preliminary discussion on potential revisions to the bylaws based on future operational directions.

The committee meeting addressed several key operational and project items. The agenda included updates from the project architects, construction manager, and owner's representative, as well as a financial review concerning contract and payment applications. Other business items involved a report from the Town of Waterford, discussions regarding Furniture, Fixtures, and Equipment (FF&E), and the approval of a significant cost for non-rippable rock excavation. Additionally, the committee considered and approved a supplemental meeting schedule for the upcoming school year.

The committee reviewed progress on the Early Childhood School project, noting that foundation work, underground plumbing, and electrical installations are underway with steel erection scheduled for June. Discussions confirmed strong fiscal standing for the project. The committee approved several project invoices totaling over one million dollars and authorized a change order for non-rippable rock excavation. Additionally, the committee discussed the reporting of vernal pool compliance to the Town of Waterford and reviewed furniture, fixtures, and equipment planning.

The meeting included a review of the upcoming Board of Directors agenda, which will feature a budget presentation, the 2026-2027 slate of officers, and the Executive Director's evaluation. The committee reviewed the proposed 2026-2027 budget and discussed three multimedia projects for the Magnet School Assistance Program. Additionally, the committee discussed a capital improvement project involving flooring replacement at the Ocean Avenue Learning Academy, noted a forthcoming presentation by the Annenberg Institute at Brown University regarding math instruction, and reviewed the Executive Director's year-end reflection draft.