Everything looks pretty in line. 

The pipeline was presented noting grants in preparation, prospecting, submitted, awarded and declined. 

The proposals are uploaded to these minutes. We only had two firms responding, the costs are about the same, but the hours are significantly different. 

Bernard & Franks has been our previous auditors. They offered 180 hours 
Bruno & Trevolone offered 110 hours + extra charges for incurred extra hours. 

The administration will score the proposals by next week. Amer has also offered to participate in the scoring process. 
 

The preliminary '18-2019 SY Budget is ready. 
The budget will be presented at the next month's meeting to be presented at the May Board meeting for review and consideration. The board will then vote on it in June. 

 

• The forecast was presented along with where we were in December 2017 and the Jan - Jun 2018 projection including our expenses for the rest of the year inclusive of the decrease of MFP. 
• We are looking at a positive outlook for the end of the year

The committee requested the administration to establish parameters guiding the committee's discussion of salient points of the financial statements. The administration recommended the following thresholds:

1.  The object code would have a +/-10% variance against the total budget for that object code, and 
2.  The object code is out of balance by $30k, and 
3. The Individual line item variance is +/- 10% 

MR liked having both the percentage and the $ amount listed. 
An example of the report was presented using the 300 object code. 


 

A discussion of the committee was had accepting the administration's proposal: 

1.  The object code would have a +/-10% variance against the total budget for that object code, and 
2.  The object code is out of balance by $30k, and 
3. The Individual line item variance is +/- 10%.

 

The manual is uploaded to these minutes. 

The manual includes finance, food services, and data. 

The only item that needs to be updated is the payroll provider. This will be done over the summer to be ready for the beginning of next school year.  

• We are projecting to have 4 yellow buses 
• 1 Sped van
• 300 bus passes 

This is taking in consideration the 1mile radius parameter within Orleans parish. 

The projection came from a survey having students and parents participating. 

This plan will have a great impact on next year's budget. 
We are looking at having a decision being made by June. 

• Financials 
• The next meeting will take place on May 14