Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board reviews $75,000 settlement alignment and a $20,801.78 window change order for Wilson School
Summary
Superintendent reported the district is aligning finance paperwork with a $75,000 settlement with GreenSky and detailed a $20,801.78 change order for replacement window sashes at Woodrow Wilson School; the district reported $2,127 remaining in the referendum change-order reserve for that project.
The Sayreville Board of Education received an update on finance and infrastructure items including a settlement alignment and a window change order.
Superintendent Dr. Lavey told the board the administration is aligning paperwork with a settlement agreement involving GreenSky; the company is asking the district to sign bills of sale for installed and uninstalled equipment for the settlement amount of $75,000. The administration also presented a change order for replacement sashes at Woodrow Wilson School totaling $20,801.78.
Dr. Lavey said the referendum project account for the window work allows change orders up to $22,929 and that the district would still have $2,127 remaining in that account after the current change order. Board members asked what would happen if a future change order exceeded the remaining balance; Dr. Lavey answered the district would have to move funds from another bond referendum account and that doing so would require a formal board motion.
Discussion included standard budgeting practice of reserving a percentage of bid amounts to cover anticipated change orders. No formal vote on the settlement alignment or the change order is recorded in the transcript; the superintendent presented the items and answered board questions about funding and procurement process.
The board proceeded with routine approvals elsewhere on the agenda; administration said it would bring necessary motions forward for formal approval when contracts and final paperwork are ready.
