CSD - Finance Committee Meeting - November 13, 2025
Thursday, November 13, 2025
Approval of agenda
Approval of September 11th committee meeting minutes
State budget update impact on district
Financial updates through October 31st
Strategic budget planning and fiscal sustainability
Special education costs and out-of-district placements
Support staff contract negotiations
Solar energy infrastructure in schools
Budget timeline and calendar approval
Areas of Interest (5)
- District faces $3M budget challenge due to contractual compensation increases.
- Projected health insurance cost increases of up to 10% threaten budget stability.
- Lack of state funding impact on district cash flow and investment strategy.
- Potential solar energy project viability regarding infrastructure readiness.
- New 55+ residential development in Southampton expected to impact future tax revenue.
Votes (2)
Approval of agenda
PassedN/A
Moved by Committee member · Seconded by Committee member
Approval of September 11th committee meeting minutes
PassedN/A
Moved by Committee member · Seconded by Committee member
Notable Quotes (3)
If we could do roll call.
ProcedureOpening the finance meeting.
I heard today that the the federal government budget was approved last night and so as of the 13th November we are we are back open and doing business.
State budgetDiscussing impacts of federal budget on operations.
Rebecca... she threw out a number of 10% on Monday when we were there.
Health insuranceDiscussing health insurance premium increase projections.
People (4)
Unnamed ChairpersonCommittee ChairConducts meeting, calls for motions, manages agenda flow.
Conducts meeting, calls for motions, manages agenda flow.
Dr. LucaSuperintendentParticipates in budget planning and strategic oversight meetings.
Participates in budget planning and strategic oversight meetings.
Mr. HartlandOfficialCollaborates on budget planning and financial modeling.
Collaborates on budget planning and financial modeling.
RebeccaConsortium DirectorOversees the IU's consortium and provides health insurance cost projections.
Oversees the IU's consortium and provides health insurance cost projections.
Places Mentioned
Centennial School DistrictIU (Intermediate Unit)Davis SchoolOld Bethama home site (Southampton)
Events & Meetings (6)
- November 13th, 2025: Finance meeting
- September 11th: Previous committee meeting
- November 14th: Meeting at the IU
- November 25th: General meeting
- January 27th, 2026: Preliminary budget decision date
- June 9th, 2026: Proposed final budget meeting