The Department of Financial Affairs for the Cheltenham School District is responsible for the administration, management and compliance of District financial services. These responsibilities include the preparation, presentation, monitoring and reporting of the annual District budget; preparation of annual financial statements; payroll administration; benefit administration; accounts receivable and payable; purchasing and receiving; management of debt service and investments and monitoring of capital assets; and financial oversight of federal and state programs. The Department also provides oversight of the Food Services and Transportation Department.
Most Recent Finance Committee Meeting
With co-chair Dan Schultz presiding, Financial Affairs convened via video conferencing on Tuesday, May 3. The agenda included an update on the 2021-2022 budget and the draft of the 2022-2023 Budget. Currently at $127,600,00, the 2022-2023 budget status was discussed. The preliminary proposed budget will be on the agenda for adoption at the Tuesday, May 10 legislative board meeting. The board discussed the food service contract request for proposal (RFP) and it was recommended that the board award the contract for 2022-2023 to Whitsons Culinary Group. The board also discussed the RFP for auditing services and made a recommendation of BBD, LLP, which will be presented for approval at the Tuesday, May 10 legislative meeting. The fee of $33,000 per year. There was also a discussion surrounding the possible extension of the transportation contract past 2023 and the board will make a recommendation at the June meeting. The board discussed a proposal for the demographic study, and it was recommended that the administration get a proposal from Montgomery County and bring both back for the June meeting. The items for the board legislative meeting were the appointment of the district treasurer for 2022-2023, approval of the preliminary budget for 2022-2023, approval of the new food service contractor, the approval of the new auditor, approval of the student accident insurance carrier for 2022-2023. Approval of the firm for the demographic study was deferred until June. The next Finance Committee meeting is Tuesday, June 7, following the Facilities Committee meeting. Video>