Refer to attendance information recorded above.

No public comments were made at this time.

S.Budhraja, Chief Financial Officer, presented recommendations made back during 2017-18 year for steps the Finance Department would take to improve fiscal processes. He went over the recommendations that were made to strengthen internal controls. Since then most of them have been implemented. He went over each recommendation and the implementation steps the Finance Department has done to address them. He added that earlier this year the fiscal policies and procedures were updated and will be reviewed again for the spring semester. Committee members questions were addressed by staff. 

S.Budhraja, Chief Financial Officer, presented the 2022-23 first interim report which is a snapshot of the operating budget with adjustments that were made since July. He added that the snapshot captures hold harmless, one time revenues, spending and data since the budget adoption. This budget also captures the revenues for arts & music instructional materials grant and the learning recovery emergency grant. He went over each school sites budget and the Home Office. Committee members questions were addressed by staff. Committee members expressed to have another meeting once the January proposal is out and for staff to do an analysis with that information to see the financial health of the organization.