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32 <br /> READING SCHOOL COMMITTEE MINUTES MARCH 4, 1985 <br /> Old Business <br /> Mr. Coco, School Committee representative on the Law Committee, gave a brief <br /> review of recent meetings as they related to School Committee issues. He <br /> said that the High School property easement was discussed. The Law Committee <br /> is carefully monitoring business with the Town's legal counsel in order to <br /> keep operating as effectively as possible. <br /> University of Massachusetts Water Study <br /> Dr. Wells reviewed for the School Committee the University of Massachusetts <br /> Water Study Research Project which is studying the health effects of Reading's <br /> water on youngsters. The project is in its eighth year. <br /> Metco Budget Projection <br /> Regarding the Metco budget, Dr. Munnelly informed the School Committee that <br /> the State Department of Education has given financial guidelines of 7.8% for <br /> preparation of the 1985-86 budget. An extended period of budget preparation <br /> will be necessary before the School Department receives the final figures <br /> approved by the State. As in the past, Schedule A (direct costs) and <br /> Schedule C (transportation) for Reading's Metco project will be fully funded <br /> by the State. <br /> To clarify Reading's budget preparation, Dr. Munnelly suggested that the <br /> School Committee accept a Schedule B (personnel costs) amount of $96,000 <br /> for the 1985-86 year. This amount can be assured as income to reduce the <br /> amount of taxes to be raised by the Town. <br /> Mr. Nissen moved that Schedule B Metco receipts be used to reduce the Town's <br /> education budget and for 1985-86 the amount of $96,000 be approved. The <br /> motion, seconded by Mrs. Philbrick, was unanimously approved. <br /> Financial Statements <br /> Noted for the record were the following financial statements: Account <br /> Balances as of February 28, 1985; and Salary and Expense Accounts as of <br /> February 22, 1985. <br /> These statements wer reviewed. Dr. Wells informed the School Committee that <br /> the Selectmen were, that evening, considering the School Committee's request <br /> to free up the portables at Pearl School School for rental purposes. The <br /> School Department has received numerous inquiries about rental of the portables. <br /> R.M.H.S. Students Honored <br /> Dr. Wells informed the School Committee that two Reading High School students <br /> had been awarded prestigious prizes and scholarships in a writing contest <br /> sponsored by Discover Magazine and the National Science Teachers Association. <br /> David Perreault won a first place prize of $5,000. Patricia Callaghan won a <br /> $1,000 runner-up award. <br />