Pullman Community Montessori
Minutes
Finance Committee (FC)
Date and Time
Thursday July 14, 2022 at 5:00 PM
Location
Keeping safety as our top priority, until further notice, all committee meeting will be conducted virtually over Zoom.
Committee Members Present
A. Guyton (remote), M. Paolini
Committee Members Absent
C. Minogue, J. Cassleman, L. Sullivan
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
A. Guyton called a meeting of the Finance Committee Committee of Pullman Community Montessori to order on Thursday Jul 14, 2022 at 5:13 PM.
C.
Pleasantry
D.
Approve Minutes
A. Guyton made a motion to approve the minutes from Finance Committee (FC) on 06-21-22.
The committee VOTED to approve the motion.
II. Finance Committee (FC)
A.
Review & Approve June Financials
A. Guyton made a motion to Approve June Financials.
~$21k of documentation missing, Aubree sending an email to Laylah to ask for an update
B.
Review 5-7 year plan updates
C.
Auditor selection update
Estimate came in at $18k from Eyd Bailey Firm. This is our whole budget so we need to figure out if we have to also pay for the SAO audit. Matt is looking into if we pay or legislative pays.
Expect an Engagement Proposal by next month's meeting to vote on and then bring to the Board if approved
D.
Financial Policies Manual Updates
Move to August Meeting when Laylah is present
III. Other Business
A.
Mock Audit for July
Need to move to August for when Laylah is present
IV. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 6:03 PM.
Respectfully Submitted,
A. Guyton
Gladish rent deferral was approved by Gladish.
New lease will go to the board, it is still being drafted by Gladish.
Year 4: short $135k ending cash on hand, will need to discuss how we will strategize with the commission.
Next month: finalize and approve 1 year and 4 year plan to bring to the Board's August meeting