'Grounding Questions' for the FC:

• Do we believe that our internal policies and procedures are being followed?
• What is our current cash balance, and is management confident in the organization's ability to meet short term cash needs?
• How are our actuals to budget performing for this fiscal year? If there have been material unfavorable variances, in expenses or revenues, what is being done to mitigate this?
• How are our "big projects" going? (ex: facilities, enrollment drives, hiring, etc).

What is your favorite thing about fall?

Please review the prior meeting minutes in advance and come to the meeting with any amendments in writing that can be added to the Zoom chat.  This makes recording changes quick and easy.

During this piece of the meeting, Matt and Laylah will share what the FC Committee should be "looking for' in order to build those habits and mindsets.

Please review the school financials below prior to the meeting. Please try to ask questions to Matt or Laylah in advance so we are prepared to vote at the meeting.

1. Dashboard (high level view of main metrics)
2. Balance Sheet
3. Profit & Loss Statement/Income Statement
4. Budget vs. Actual Report & Forecast vs Actual Report
5. Statement of Cash Flows
6. Payroll and AP Certification
7. Review Financial Dashboard to ensure meeting commission standards (mark goal as complete once reviewed)

We propose to select Eide Bailly for the 22-23 independent CPA audit due to cost ($18k vs $24k), responsiveness, and knowledge of the sector.

We met 4 out of 5 goals from last year: 

1. Provide board training on key financial documents 3x this year

2. Select and auditor 

3. Meet or exceed commission financial framework

4. Review auditor options

We did not meet: 

1. Hold one mock audit prior to july

What do we want our goals to be around for this year?

-Ideas around providing fundraising updates?

-Still want to meet exceed commission framework?

-Long term cash flow problem solving?

Check in monthly on our committee goals