Wesley International Academy
Minutes
September Finance Committee
Date and Time
Wednesday September 18, 2024 at 9:00 AM
Location
https://us02web.zoom.us/j/89738022759?pwd=Wk5CdzZwTTBDdUM4TXhJZ0JaTzlxdz09
Committee Members Present
E. Moraga-Davis (remote), J. Marshall (remote), K. Boyer (remote), L. Price (remote), O. Okwara (remote), S. Smith (remote), S. Williams (remote)
Committee Members Absent
A. Sumter
Guests Present
C. Wyatt (remote), robert little (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Introduction of new Business Manager
B.
Audit Update
Wesley has passed audit. We will receive report from auditor and present to board
at Novemeber Committee Meeting .
C.
CARES Spending Update
We had around 2.8 mil with CARES. We had a timeline change from APS and we had to revise and spend balance by August. We were 800k short on spending however, Wesley was able to spend about 90% of the 800.
Jason Marshall commends CFO for a great job.
D.
Revenue Projections Based on Current Enrollment
Trending on budget.
E.
Financial Reports
Financial Reports August Activity
Report is attached to Agenda
September 3rd Sharene Smith joined Wesley as Business Manager.
She comes to Wesley with experience in many roles in education.
Erline Monaga-Davis will resign at the end of this year (December 31).