Voices for International Business and Education
VIBE Finance Committee Meeting
FINANCE
Date and Time
Monday May 17, 2021 at 5:30 PM CDT
Location
International High School of New Orleans
Community Room
727 Carondelet Street
New Orleans, LA 70130
Voices for International Business and Education http://public.boardontrack.com/VIBE_1
Agenda
I. | Opening Items | |
Opening Items
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A. | Record Attendance and Guests | |
B. | Call the Meeting to Order | |
Senate bill No 466 passed in 2020 to authorize public bodies to conduct certain meetings electronically during certain states of emergency or disaster;
Per RS 42:17.1 (2) (c):
Matters that are critical to the continuation of the business of the public body and that are not able to be postponed to a meeting held in accordance with the other provisions of this Chapter due to a legal requirement or other deadlines that cannot be postponed or delayed by the public body.
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C. | Recitation of IHSNO Mission and Vision | |
MISSION:
To educate and nurture a diverse learning community through the International Baccalaureate Programme, world languages, and intercultural appreciation to succeed in a global economy.
VISION:
International High School of New Orleans' students are compassionate, productive global citizens who positively impact the world.
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D. | Approve Minutes - April 19, 2021 | |
II. | Committee Business | |
A. | Review of Adopted Committee Goals | |
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III. | Finance | |
Finance
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A. | Discuss April 2021 Financial Statements | |
As of April 30, 2021, the cash balance in the checking account is $1,081,279. The MFP for April is $284,179 based on a 385-student count. The MFP for May and June will be the same as April 2021.
The reserve balance as of April 30, 2021, is 14.5%. It is estimated IHSNO will end the year with a 13% reserve balance. At the end of the month, there was only one receivable, Strong Start. |
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B. | Vote to recommend acceptance of the March 2021 Financial Statements to the VIBE Board | |
C. | Discussion of the Balance Sheet Liabilities & Equity | |
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D. | Budget for FY'21-2022 Presentation | |
IV. | Closing Items | |
A. | Next Meeting Considerations | |
Next Meeting Date: June 14, 2021, at 5:30 pm
Proposed Agenda Items:
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B. | Adjourn Meeting |