DJ was unable to access the draft minutes, so we agreed to table this item for now and vote after he has a chance to review.

Discussion was had regarding the March financials, which were reviewed on the shared screen.  No specific questions about the minutes - DF and DJ indicated that the overall numbers looked good.

Discussion was held regarding the school's diversification and investment project for cash reserves.  DF and KS met with Monson Savings Bank and was impressed with their presentation and responsiveness.  KS was not able to get calls back or a personal contact from Fidelity, and upon further research, customer service reviews of 3.5/5 indicated that they would perhaps be unable to provide as good customer service to an investor of our size.  DJ advised of his personal experience with Monson Savings Bank on another project, a large mortgage refinance that he was professionally involved with, and found them to be very good and deeply community-oriented.  All agreed that Monson Savings Bank appeared to be best option as a preliminary matter.  KS advised that they are currently working on a proposal and have been reviewing the school's financial records to advise us.  Interested committee members may attend the presentation call, which will be set for next Wednesday or Thursday.

Discussed status of next year's budget with KS.  She is working on it and hopes to have it available to the Board at the next Board meeting.  There were some issues with a resource that was used to prepare the budget, a salary spreadsheet that contained some inaccurate projections for next year, so KS is having staff verify all the underlying data before finalizing it.  MG also confirmed that the operating numbers for this year are accurate, no issues with current budget.  DF and DJ thanked KS for her attention to detail.  

All present confirmed availability for next meeting on 5/15 at 10:00am via Zoom based on current calendars.  Next meeting we will discuss the proposal from Monson Savings Bank and potential RFP.