Voices for International Business and Education
Minutes
Finance Committee Meeting
Date and Time
Monday November 28, 2022 at 5:30 PM
Committee Members Present
A. Berger, J. Celestin (remote), K. Dwyer, M. Diaz Fugetta, S. Olivier
Committee Members Absent
D. Munchak, J. Lampton, P. Manson
Guests Present
Darlene Edgerson, F. McKenna
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
C.
Approve Minutes - September 26, 2022 Meeting
II. Finance
A.
Review the Current Reports and Financial Statements
Reviewing the October 2022 Financials
Amending the budget for updates with our student count as of now 11/28/22.
When do we request the Esser funds-beginning of the Month?
Margaret is requesting a zoom presentation- moving forward.
Margaret is asking if expenses are budgeted the same amount monthly.
Print to fit next time.
Issues with the bus - what is our cost? additional 60,000
Insurance - payment reimburses for next month. Our cash flow will increase next month.
Balance sheet- is this information projected yr to end? Jethro agreed.
B.
Recommend acceptance of Sept/October Financial Statements to the VIBE Board
C.
Update on Financial Audit and Workman's Comp Audit
We are in the process of the Audit.
Need a copy of the Draft of the Audit.
Jethro was complimented for this response with the Auditors.
D.
Review Grants Pipeline
AB-
Student Violence grant -decline
The Baptiste committee- has not awarded
Good sports foundation grant- 95% sport equipment
Walmart- one application for 7 different stores
Sports matters-gift cards for sports equipment.
Microgrant for Entergy-$4000, IB books
Farm to Table- up to $50,000 run by USDA
E.
Discuss transition of Treasurer's Position
Karen's resignation and Cerrita taking over. The meeting to have a transition, so Board can vote in December.
F.
VIBE Board Treasurer Transition
III. Other Business
A.
Next Meeting Agenda Items
January 23, 2023 at 5:30pm
Finance Meeting March 20, 2023, at 5:30pm