During the Sept. 18 Adams 12 Five Star Schools board meeting, the school board discussed a potential finance committee as an additional resource to the district. Behind the effort was board director Norm Jennings who presented information and suggestions to the board.
After looking at other school districts and doing some research, Jennings said he came up with the idea to have one overall committee made up of two subcommittees. No members of staff or the board would be part of the committees to ensure there is not influence from staff or the board, Jennings added.
“District residency is a plus, but not required,” he said. “We are just looking for people to meet experience and credential standards.”
The full committee would have a variety of task including reviewing and commenting on mill and bond requests, providing recommendations on major investments and budget priorities and providing feedback on financial and strategic impacts of potential legislation.
The audit and financial oversight subcommittee would be a minimum of five members and would focus on independent reviews of charter school finances, make recommendations on budget models, process and control improvements and review the internal auditor’s work.
“This committee would have at least three people who are from non-school district entities,” Jennings said. “We need to have input from multiple sources so we have a good chance of coming up
with good stuff.”
The second sub-committee would be the strategy and investment advisory committee, also made up of five people with at least four from the private business sector. Members’ focus would include the independent review of reserve fund investments, provide recommendations for improved efficiency and improved innovative educational opportunities as well as make recommendations on new initiatives such as purchasing a digital platform for education modules.
“We want to add new people to look at our system from a different realm and make sure what we are doing will pay off for us,” Jennings said. “Do we want greater graduation rates or better CSAP scores? We are trying to find people to help us justify some different things.”
During the meeting, the board decided to have Jennings continue his work by now heading out into the community to find people willing and able to sit on the committees. Board president Mark Clark said he believes there are community leaders out there who would volunteer, depending on how much time is needed for the position.
“We need to get out and reach out to people because we want their opinion,” he said. “We need to find out what this community wants or thinks.”
At this point the board is not voting on any kind of committee, just beginning the process of finding out the interest people in the community may or may not have in the committee. For more information or for those interested in serving on a committee, contact the board office at 720-972-4007.