Powers and Sullivan presenting findings of audit noting that given small shop (one person) internal controls can be difficult.  This is the reason the school asks Powers and Sullivan for a mid year review as an additional check on controls especially on cash and related reconciliations.  As part of the midyear review process the review looks at salaries on employment contracts to assure that people are paid according to contracts, examines journal entries for reasonableness, interim financial reports for quarter ends, and reconcile the payroll to the general ledger.  Many of the same areas are covered during the year end audit that were covered during the midyear.  The audit includes year end cut off testing and a budget to actual analysis.  Nothing seemed out of place and the audit went smoothly.  No reconciling items were found and no adjustments were made.   

Michelle presented the reserve fund explanation.  

Powers and Sullivan presented budget to actual results of operations for the year.

Michelle explained that the board sets goals in January and is seeking input from the committees this fall so goals can be set this January.

Michelle presented the year end calendar with work that the committee is responsible for.

See item D below.  Retention bonuses for people presently employed by Parker.

Brian presented that we have a significant salary delta between Parker and sending districts.  Brian presented concerns over the great resignation in the education field.  He wants to create a task force to look at salaries.  He wants to look at bonuses as a step in the process of getting us closer to sending districts while we create a long term plan to work on salaries at Parker.  The idea will be presented more in detail