Voices for International Business and Education
Finance Committee Meeting
Date and Time
Thursday April 21, 2016 at 5:30 PM CDT
Location
IHS Community Room
Voices for International Business and Education http://public.boardontrack.com/VIBE_1
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 5:30 PM | |||
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Opening Items
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| A. | Record Attendance and Guests | Mariska Roney | 1 m | ||
| B. | Call the Meeting to Order | Mariska Roney | 1 m | ||
| C. | Read Mission and Vision Statements | Mariska Roney | 1 m | ||
| D. | Approve Minutes of October 20, 2015 Finance Committee Meeting | Approve Minutes | Mariska Roney | 5 m | |
| II. | Finance | 5:38 PM | |||
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Finance
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| A. | Management Overview of Financial Status | FYI | Sean Wilson | 5 m | |
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As of March 31, 2016, IHSNO is in good financial standing. The school has a cash balance of about $875,000. The total net income at this time is -$210,000, about $5,000 under budget. However, there is about $85,000 in prior year expenses and about $70,000 of surplus spending posted in the current fiscal year. The additional MFP payments began this month. We continue to anticipate a surplus at the end of this fiscal year excluding surplus spending and prior year adjustments. The Finance Committee meeting is April 21, 2016 at 5:30 pm at IHSNO in the Community Room.
The first draft of the budget for the ’16-2017 school year will be presented at the April 21, 2016 Finance Committee meeting. Each board member is encouraged to attend this meeting to learn more about funding streams and expenditures projected for the ’16-2017 school year. |
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| B. | Review of March 2016 Financial Statements | Discuss | Mariska Roney | 15 m | |
| III. | Other Business | 5:58 PM | |||
| A. | Review and Discussion of Preliminary FY '16-2017 Budget | Discuss | Mariska Roney | 15 m | |
| B. | Update on Other Items from Strategic Plan | FYI | Mariska Roney | 5 m | |
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Organizational Sustainability Goal 1: |
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| C. | Public Comment | Discuss | Mariska Roney | 5 m | |
| IV. | Closing Items | 6:23 PM | |||
| A. | Discuss Date for "Special" Development Meeting | FYI | Mariska Roney | 5 m | |
| B. | Next Finance Committee Meeting Monday, May 16 5:30 at IHSNOLA | FYI | Mariska Roney | 5 m | |
| C. | Adjourn Meeting | Vote | Mariska Roney | 1 m | |