Wesley International Academy
Minutes
Finance Committee Mtg.
Date and Time
Wednesday December 13, 2017 at 8:00 AM
Location
WIA White House Conference Room
Committee Members Present
C. Hill, J. Marshall, L. Price, S. Burnes
Committee Members Absent
A. Ostrej, C. Elrod, K. Delp, S. Bello, T. Tidwell
Guests Present
D. Mason
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
C. Hill called a meeting of the Finance Committee of Wesley International Academy to order on Wednesday Dec 13, 2017 at 8:00 AM.
C.
Review of November Finance Committee meeting minutes
C. Hill made a motion to approve minutes Finance Committee Mtg. on 11-08-17.
L. Price seconded the motion.
The committee VOTED to approve the motion.
II. Discussion Items
A.
Presentation of October + November financial reports
Greater than anticipated expenses for subs and water. Lisa provided context for both. Still in good financial shape.
B.
Update on APS Nov & Dec funding
December statements will reflect receivable of approx $1.6 million from APS.
C.
Finalizing Financial Policy Document
Reviewed financial policy document in light of questions and suggested edits that Lisa, Suzanne and I circulated with each other since last meeting. Purchasing/P Card section still needs some work. Lisa will update based on discussion among the 4 of us this morning. We will continue review/discussion at January committee meeting.
III. Closing Items
A.
Adjourn Meeting
C. Hill made a motion to adjourn the meeting.
L. Price seconded the motion.
The committee VOTED to approve the motion.
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:00 AM.
Respectfully Submitted,
S. Burnes