Bethany Community School
Minutes
Finance Committee Meeting
Date and Time
Tuesday May 19, 2026 at 5:10 PM
Committee Members Present
Ana Bumgarner, Jenna Daniels, Megan Coleman, Scott Lewis
Committee Members Absent
None
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
Jenna Daniels called a meeting of the Finance Committee of Bethany Community School to order on Tuesday May 19, 2026 at 5:11 PM.
C.
Approve Minutes
Megan Coleman made a motion to approve the minutes from Finance Committee Meeting on 04-23-26.
Jenna Daniels seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Financial Update
A.
Review Monthly Financials
Megan Coleman made a motion to Move $350k from Operating Cash to Raymond James brokerage account, using similar allocation as previous.
Jenna Daniels seconded the motion.
The committee VOTED unanimously to approve the motion.
III. Other Buisness
A.
26-27 Budget Draft
Jenna Daniels made a motion to recommend the 26/27 draft budget for Board approval.
Megan Coleman seconded the motion.
Reviewed 26/27 Budget Draft
B.
ALT HR Contract
Jenna Daniels made a motion to recommend the altHR contract for 6 hours/month for Board approval.
Megan Coleman seconded the motion.
Reviewed altHR pricing and history, compared 6HR vs 10HR. Agree with Personnel's recommendation.
C.
Equitable Life Insurance
Jenna Daniels made a motion to Approve equitable life insurance to the board for approval proposal.
Megan Coleman seconded the motion.
The committee VOTED unanimously to approve the motion.
D.
BoardOnTrack
Jenna Daniels made a motion to Approve BOT contract as presented to the Board for approval.
Megan Coleman seconded the motion.
Reviewed BOT contract, discussed Governance's recommendation.
IV. Executive Session
A.
Enter Executive Session
Megan Coleman made a motion to Go into closed session.
Jenna Daniels seconded the motion.
The committee VOTED to approve the motion.
B.
Exit Executive Session
Megan Coleman made a motion to Come out of exec session.
Jenna Daniels seconded the motion.
The committee VOTED unanimously to approve the motion.
Megan Coleman made a motion to Approve personnel's recommendation regarding additional bonuses and ED salary presented and to take to board approval,.
Jenna Daniels seconded the motion.
The committee VOTED unanimously to approve the motion.
V. 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 6:11 PM.
Respectfully Submitted,
Megan Coleman