Voices for International Business and Education
Finance Committee Meeting
Date and Time
Monday May 15, 2017 at 6:00 PM CDT
Location
IHSNO Community Room
Voices for International Business and Education http://public.boardontrack.com/VIBE_1
Agenda
| I. | Opening Items | |
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Opening Items
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| A. | Record Attendance and Guests | |
| B. | Call the Meeting to Order | |
| C. | Approve minutes of April 24, 2017 meeting | |
| II. | Finance | |
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Finance
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| A. | Review of April 2017 Financial Statements | |
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As of April 30, 2017, the cash balance in the First NBC / Whitney bank account is $944,732. The April cash balance increased with the receipt of federal funds. The MFP has increased by $18,691 a month. We will get this increase for March, April, May, and June.
Year to date net loss at the end of April is -$115,734. The budget projected net loss for April is -$162,408. The budget has been updated for our current student count for the current year. |
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| B. | Vote to recommend Board's acceptance of April 2017 Financial Statements | |
| III. | Other Business | |
| A. | Review draft Budget '17-2018 | |
| B. | Key Performance Indicators (KPI's) | |
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KPI information (Measuring Financial Health)
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| C. | Public Comment | |
| IV. | Closing Items | |
| A. | Next Finance Committee meeting -- Saturday, June 17, 2017 | |
| B. | Adjourn Meeting | |