PROFESSIONAL_SERVICESAPPROVED

Waterford Township Board of Education Joint Board Meeting Agenda Packet 2026-06-09

Shamong and Waterford approve shared business office services

$90,000Waterford Township School DistrictSHAMONG BOARD OF EDUCATIONJune 9, 2026

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Description

Shamong Board of Education entered into a shared service agreement with Waterford Township Board of Education to purchase 50% of its Business Office Services for $90,000 from July 1, 2026 through June 30, 2027. The contract sets duties for a shared Business Administrator and provides for monthly installment payments and defined termination and indemnification terms.

Contract Details

Contract Amount

$90,000

Vendor

SHAMONG BOARD OF EDUCATION

Agency

Waterford Township School District, NJ

Contract Type

PROFESSIONAL_SERVICES

Document Date

June 9, 2026

Contract Term

July 1, 2026 - June 30, 2027

Renewal Date

2027-06-30

Renewal Info

Contract runs July 1, 2026 to June 30, 2027 and may be renewed by written agreement and board resolutions by February 15, 2027; it may be terminated earlier by mutual agreement, for material breach with a 15-day cure period, or if the administrator loses certification or is unable to serve for 30 consecutive days.