1. Call to Order-10:00 a.m.
2. Informational Summary
Subject
2.1 Informational Summary for May 8, 2017
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
2. Informational Summary
Type
Information
3. Category 12 Expenses
Subject
3.1 Category 12 Expenses
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
3. Category 12 Expenses
Type
Discussion

Each year, Montgomery County Public Schools is required to send an update on the balances for Category 12 Fixed Charges and related information to the County Council in March and September.  This presentation will preview that letter and will include an overview of the end of year (Fiscal Year 2017) balances for Category 12 with specific information about each component as it relates to the variance between the budget and the actuals.

4. Updates
Subject
4.1 Budget Development Update
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
4. Updates
Type
Discussion

An update on the Montgomery County Public Schools budget development process and timeline will be provided for feedback and discussion.  This will include an overview of the technical as well as conceptual components of developing the school system budget. 

Subject
4.2 Office of Legislative Audits Action Plan Update
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
4. Updates
Type
Information

The Fiscal Management Committee will receive an update on the status of implementing follow-up actions to the May 19, 2016, Office of Legislative Audit Report.

Subject
4.3 Benefit Rates Update
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
4. Updates
Type
Discussion

An update on the 2019 Benefit Rates Renewals process will be provided, including measures taken by Montgomery County Public Schools and employee associations to provide cost effective and quality healthcare for employees and retirees.  The discussion will include the factors that impact the rates, the process for determining rates, and the rate changes for employees and retirees.

Subject
4.4 Procurement Manual Update
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
4. Updates
Type
Information

Updated contract terms and conditions will be discussed, including specific language related to the data sharing and the protection of student and staff information.  These new contract articles will be incorporated into all Montgomery County Public Schools contracts and will be added as an appendix to the Procurement Manual.

5. Reports
Subject
5.1 Year End Pension Report
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
5. Reports
Type
Report

Montgomery County Public Schools (MCPS) defined benefit pension, including the investment performance for Fiscal Year 2017, will be presented.  This will include an overview of the fund management process and the Consolidated Retiree Health Benefit Trust (the former OPEB trust) which holds assets for MCPS retiree health benefits.

 

Subject
5.2 Board of Education 3rd Quarter Expenditure Report
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
5. Reports
Type
Report
Subject
5.3 Board of Education 4th Quarter Expenditure Report
Meeting
Sep 11, 2017 - Fiscal Management Committee Meeting
Category
5. Reports
Type
Report
6. Summary of Actions and Follow-ups
7. Adjournment-12:30 p.m.