Bethany Community School
Minutes
Finance Committee Meeting
Date and Time
Wednesday August 21, 2024 at 5:00 PM
Committee Members Present
Ana Bumgarner, Jenna Daniels, Megan Coleman
Committee Members Absent
None
Guests Present
Jeff Morris
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
Megan Coleman called a meeting of the Finance Committee of Bethany Community School to order on Wednesday Aug 21, 2024 at 5:06 PM.
II. General Administration
A.
Establish committee chair
B.
Establish committee job description and goals draft
Discussed the Finance Committee Job Description draft and made adjustments as necessary.
Discussed proposal for Board -staff agreement to be reviewed and discussed at a future date.
C.
Set committee meeting schedule
Set meeting scheduled for 3rd Tuesday. 5:10pm.
III. Financial Update
A.
Review YTD and weekly report formats
Discussion about the financial reports and what the committee would like to see for financial meetings and board meetings.
Committee prefers expanded report. Board will receive summary.
B.
Review Investment Report
Reviewed RJ and discussed strategy to meet with RJ.
IV. Finance Policies
A.
Review Internal controls policy
Reviewed fiscal controls. Will discuss at next meeting and complete the assessment.
V. Closing Items
A.
Chairperson’s Remarks
B.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 6:15 PM.
Respectfully Submitted,
Jenna Daniels
Jenna Daniels will serve as the committee chair