To approve the submission of the SFY 2015 IDEA Basic Grant Application, as per the attached exhibit

WHEREAS , NJAC 6A:23A-14.3 and 14.4 permit a Board of Education to establish and/or deposit into certain reserve accounts at year end, and

WHEREAS, the aforementioned statutes authorize procedures, under the authority of the Commissioner of Education, which permit a board of education to transfer anticipated excess current revenue or unexpended appropriations into reserve accounts during the month of June by board resolution, and

WHEREAS, the Black Horse Pike Regional Board of Education wishes to deposit anticipated current year surplus into a  Capital Reserve account at year end, and

WHEREAS, the Black Horse Pike Regional Board of Education has determined that up to $4,000,000 is available for such purpose of transfer;

NOW THEREFORE BE IT RESOLVEDby the Black Horse Regional Board of Education that it hereby authorizes the district’s School Business Administrator to make this transfer consistent with all applicable laws and regulations.

WHEREAS, NJAC 6A:23A-14.3 and 14.4 permit a Board of Education to establish and/or deposit into certain reserve accounts at year end, and

WHEREAS, the aforementioned statutes authorize procedures, under the authority of the Commissioner of Education, which permit a board of education to transfer anticipated excess current revenue or unexpended appropriations into reserve accounts during the month of June by board resolution, and

WHEREAS,the Black Horse Pike Regional Board of Education wishes to deposit anticipated current year surplus into a  Capital Reserve account at year end, and

WHEREAS, the Black Horse Pike Regional Board of Education has determined that the beginning balance per the audit of 6/30/13 is $3,550,964.61 and per the Board resolution of 6/19/14 a transfer of $501,100 for a total capital reserve balance at 6/20/14 of $4,052,064.61 (minimum pending other capital reserve resolutions).

NOW THEREFORE BE IT RESOLVED by the Black Horse Regional Board of Education that it hereby authorizes the district’s School Business Administrator to make this transfer consistent with all applicable laws and regulations.

        Move that the Board of Education approve Refunding Bond Ordinance as follows:

REFUNDING BOND ORDINANCE PROVIDING FOR THE REFUNDING OF UP TO ALL OF THE OUTSTANDING CALLABLE REFUNDING BONDS, SERIES 2004, OF THE BOARD OF EDUCATION OF THE BLACK HORSE PIKE REGIONAL SCHOOL DISTRICT, IN THE COUNTY OF CAMDEN, NEW JERSEY; AUTHORIZING THE ISSUANCE OF UP TO $14,200,000 OF SCHOOL REFUNDING BONDS OF THE SCHOOL DISTRICT TO FINANCE THE COST THEREOF; MAKING CERTAIN DETERMINATIONS AND COVENANTS IN CONNECTION THEREWITH; AND AUTHORIZING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE FOREGOING.

BE IT ORDAINED BY THE BOARD OF EDUCATION OF THE BLACK HORSE PIKE REGIONAL SCHOOL DISTRICT, IN THE COUNTY OF CAMDEN, NEW JERSEY (NOT LESS THAN TWO-THIRDS OF ALL THE MEMBERS THEREOF AFFIRMATIVELY CONCURRING), AS FOLLOWS:

Section 1 .The Board of Education of the Black Horse Pike Regional School District, in the County of Camden, New Jersey ("Board" when referring to the governing body and "School District" when referring to the legal entity governed by the Board) is hereby authorized to refund all or a portion of its outstanding Refunding Bonds, Series 2004, in the aggregate principal amount of $13,600,000 and maturing on December 1 in the following years and principal amounts (collectively, the "Callable Bonds"):

Year        Principal Amount     Year        Principal Amount

2015        $3,020,000              2018        $3,245,000

2016        3,095,000                2019        1,070,000

2017        3,170,000                               

The exact amount of Callable Bonds to be refunded shall be determined pursuant to a resolution adopted by the Board by not less than two-thirds of all the members thereof.

Section 2 .To effectuate the refunding of the Callable Bonds, negotiable general obligation school refunding bonds of the School District are hereby authorized to be issued in one (1) or more series in an amount not to exceed $14,200,000 ("Refunding Bonds"), pursuant to the School Bond Law, N.J.S.A. 18A:24-1 et seq., as amended and supplemented ("School Bond Law").  The exact principal amount of Refunding Bonds to be issued and terms thereof shall be determined pursuant to a resolution adopted by the Board by not less than two-thirds of all the members thereof.

Section 3 .An aggregate amount not exceeding $130,000 for the items of expense listed in and permitted by Section 61.4 of the School Bond Law, N.J.S.A. 18A:24-61.4, has been included in the aggregate principal amount of the Refunding Bonds authorized herein.

Section 4 .The purpose of the Refunding Bonds is to effect an interest cost savings for the School District.

Section 5 .Each Refunding Bond authorized herein shall be designated, substantially, "The Board of Education of the Black Horse Pike Regional School District, in the County of Camden, New Jersey, School Refunding Bond, Series 20__" and shall be in the form prescribed and permitted by the School Bond Law, as Bond Counsel may advise, and as the School District shall approve. 

Section 6 .The Refunding Bonds may be sold at public or private sale pursuant to a resolution of the Board adopted by not less than two-thirds of all the members thereof.

Section 7 .To effectuate the refunding of the Callable Bonds, the President of the Board, Vice President of the Board, Superintendent of Schools and Business Administrator/Board Secretary are hereby authorized to enter into the contracts or agreements described in Section 61.10 of the School Bond Law, N.J.S.A. 18A:24-61.10.

Section 8 .A certified copy of this refunding bond ordinance as adopted on first reading has been filed with the Director of the Division of Local Government Services in the Department of Community Affairs of the State of New Jersey prior to final adoption, together with a complete statement in the form prescribed by the Director and signed by the Business Administrator/Board Secretary as to the outstanding indebtedness to be refunded by the issuance of the Refunding Bonds. 

Section 9 . All ordinances or other proceedings heretofore adopted, including the refunding bond ordinance duly and finally adopted by the Board on June 27, 2013, making appropriations or authorizing the issuance of refunding bonds for the purposes described herein are hereby repealed. 

Section 10 .This refunding bond ordinance shall take effect immediately upon adoption after advertised public hearing, notice of which shall be given publicly at least seven (7) days prior to the date of such hearing in a newspaper circulating within the School District; provided, however, that the consent of the Local Finance Board has been endorsed upon a certified copy of this refunding bond ordinance as finally adopted.

Move that the Board of Education approve the disposal of LMC shelving and the following equipment from the weight room.

Jamin Fitness Corporation-Calf Machine    Military Press-Broken and replaced       Squat Rack- Old and has been replaced

Model STD                                                  No model or Serial #                               NO model or Serial #

Serial # J01849

19.    Transfer Resolution to Close Out the 2014-2015 School Year

Move that the Board of Education approve the Resolution allowing the Board Secretary to make all transfers needed to close out the current fiscal year, with the full Board to ratify at our August meeting.

20.      Bill Payment Resolution for Payments During the Summer

Move that the Board of Education approve the Resolution allowing the Board Secretary to make all bill payments, with the full Board to ratify at our August meeting.

21. Abatement Project – Pernaco, Inc.

Move that the Board of Education approve the contract with Pernaco, Inc. in the amount of $44,458. For the abatement projects at Highland and Triton in compliance with our AHERA schedule.

22.   Security Drill Statement of Assurance

Move that the Board of Education approve the Security Drill Statement of Assurance as attached exhibit.