March 17, 2025 at 6:00 PM - Finance Committee Meeting

Description:  This is a meeting of the Board of Education in public for the purpose of conducting the School District's business and is not to be considered a public community meeting.

Description: 

The Accounts Payable Report provides a comprehensive summary of all expenditures made by the school district within a specified period. This report includes details on vendor payments, ensuring financial transparency and accountability.

Key components of the report include vendor details, such as a list of vendors paid, including names and payment amounts.

This report is a crucial tool for financial oversight, allowing the board to review and approve expenditures, confirm fiscal responsibility, and support informed decision-making for resource allocation.

Description: 

Waterford Union High School District is considering two agreements with Rooker Energy Solutions LLC (RES) to support electric vehicle (EV) charging on school property.

The EV Charging Station Host Lease Agreement outlines a 10-year lease allowing RES to install and operate four EV charging stations at no cost to the district. RES will cover installation, maintenance, and electricity expenses. In return, the district will receive a donation based on net profits—10% in years 1-3, 20% in years 4-6, and 30% in years 7-10. The agreement includes options for expansion and a five-year renewal, with termination rights for both parties.

The Referral Agreement offers an additional one-time $1,000 payment to the district when a referred user first utilizes the charging station. Both parties agree to maintain confidentiality and can terminate the agreement with 10 days’ notice.

These agreements support sustainability initiatives, enhance community access to EV charging, and create a new revenue stream for the district without added financial risk. The building and grounds committee previously approved the stations' location, and now the finance committee is asked to consider the long-term benefits and alignment with district goals before approval.