Montgomery County Public Schools (MCPS) is required to send to the Montgomery County Council two letters each year on State Budget Category 12, Fixed Charges. One letter due March 31, 2020, provides the following: 1) estimate of employer contributions to the MCPS pension fund for the next five fiscal years (FYs); 2) major factors that affect the estimated pension fund contributions for the next five years; 3) the Board of Education’s current strategy in achieving a desired funding level; 4) a comparison of the current FY budgeted versus actual revenue and expenditures for the Group Insurance Funds; and 5) the projected end of year balance for the Group Insurance Funds. The committee will receive an update on the status of the March 31, 2020, letter. The second letter is due September 30, 2021, and provides an end of FY report on Category 12 expenditures.

Staff will discuss proposed amendments to the MCPS Pension Plan related to a member who is not eligible for normal retirement benefit and is approved for service-related disability, for a non-service related disability, for retirees rehired into a MCPS pension-eligible provision, and other changes.

The acting chief financial officer will provide an update on the Fiscal Year 2021 Operating Budget for Montgomery County Public Schools (MCPS). This update follows the Board of Education’s tentative adoption of the MCPS Operating Budget on February 10, 2020, and the transmittal to the county executive and County Council on February 28, 2020.

Staff will provide an update on the Enterprise Resource Planning activity including the preparation and planning for the cutover implementation and post go live support.

Staff will provide an update on the Independent Activity Fund Committee report presented at the Fiscal Management Committee meeting of September 16, 2019.

Staff will provide an update on the most recent distribution of cell tower revenue to schools.  In addition, staff will provide a status report of the cell tower adjacent to Montgomery Blair High School.