August 10, 2006

TO:                  Richard W. Rege Jr.

                        Superintendent of Schools

FROM:             JoAnn Kupiec

                        Acting Business Manager

RE:                   TRANSFER OF FUNDS (2)

Please request permission from the School Committee to do the following transfer of funds:

FROM                                                             TO                                                       AMOUNT

Data Processing Account                                  MIS Service Contracts                         $ 49,794.50

00044502-535025                                           11360004-531000

This transfer will cover the School Departments portion of the MUNIS software support, as previously agreed upon by past administration.  Please see attached letter from Kenneth Krech, MIS Director, along with the quote for support from MUNIS.

FY 2006 School Choice funds                          FVMMS Reg. Teachers                       $296,000.00

24533108-449400                                           01223001-511400

Circuit Breaker funds                                        Special Ed Tuition                                 $ 300,000.00

25013200-449400                                           00091022-532000                              

These transfers are to off-set the FY 2007 budget, as previously discussed during the FY 2007 Budget Sub-Committee meetings.

TOTAL                                                                                                                        $ 645,794.50

If you should have any questions or require additional information on the above, please do not hesitate to contact me in the Business Office.