Martha’s Vineyard Regional High School committee wraps up finances

Martha’s Vineyard Regional High School committee wraps up finances

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A reduction in state Chapter 70 school aid funds leaves Martha’s Vineyard Regional High School (MVRHS) with a projected $166,000 shortfall in budgeted revenue for the 2010-2011 school year.

However, the high school tracked the projected shortfall for many months and reduced expenses to offset it accordingly. As a result, finance manager Mark Friedman told the school committee at a meeting Monday, June 20, that he expects the high school will not end the fiscal year with a deficit.

Mr. Friedman also reported that the Massachusetts Department of Revenue certified $777,056 in excess and deficiency (E&D) funds available for use by the high school in fiscal year 2011 (FY11).

The school committee approved his request to appropriate and expend $377,056 from the E&D funds on a list of projects considered a priority in FY12.

Those include a track renovation project, $146,850; funds for Other Post-Employment Benefits (OPEB) liability, $146,206; exterior shingling, $50,000; expanded ADA access, $15,000; HVAC/heating system analysis, $10,000; and exterior door security, $9,000.

Mr. Friedman also submitted a proposed five-year capital budget for FY12 through FY16. The school committee approved it as a planning document.

In other business, Superintendent of schools James Weiss submitted a letter of resignation to the committee from Ben Sprayregen, who taught French at the high school for two years.

The MVRHS school committee ended its meeting with a vote to go into executive session to discuss potential litigation.