Elgin Math & Science Academy

Finance Committee Meeting

Date and Time

Friday December 12, 2025 at 8:00 AM CST

Location

Virtual

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 8:00 AM
 
Opening Items
 
  A. Record Attendance and Guests Discuss Paul Stagen 1 m
  B. Call the Meeting to Order Discuss Paul Stagen 1 m
  C. Approve Minutes from October 17. 2025 Approve Minutes Paul Stagen 2 m
    Minutes for Finance Committee Meeting on October 17, 2025  
  D. Approve Minutes - November Approve Minutes Paul Stagen 2 m
    Minutes for Finance Committee Meeting on November 14, 2025  
II. FY25 Audit 8:06 AM
  A. Review FY25 Audit Discuss Kathryn Martinez 30 m
   

Amy MacFayden will present the Audit from Eisenramper. 

 

Committee Members can ask questions. 

 

Finance Committee will determine recommendation for Board meeting on 12/17. 

 

 
     
     
     
III. Review Financials 8:36 AM
  A. Review November Interim Financials Discuss Natalia Walters 30 m
   

Natalia Walters will present the interim November financial report. 

 

Management will share changes and recommendations. 

 
     
IV. Other Business 9:06 AM
  A. Next meeting(s) Discuss Paul Stagen 2 m
   

The next meeting of the Finance Committee is scheduled for January 23, 2026.  

 
  B. Motion to Enter Executive Session Vote Paul Stagen 2 m
   

The EMSA Finance & Operations Committee proposes a closed session to discuss specifically items enumerated below and in accordance with the Open Meetings Act which provides:

(c) Exceptions. A public body may hold closed meetings to consider the following subjects:

(1) The appointment, employment, compensation, discipline, performance, or dismissal of specific employees, specific individuals who serve as independent contractors in a park, recreational, or educational setting, and other items allowed under the Open Meetings Act.

        (2) The discussion of minutes of meeting lawfully closed under the Open Meeting Act, whether for purposes of approval by the body of the minutes or semi-annual review of the Minutes as mandated by Section 2.06. 5 ILCS 120/2(c)(21).

        (3) Litigation when the public body finds that an action is probable or imminent, in which case the basis for the finding shall be recorded and entered into the minutes of the closed meeting. 5 ILCS 120/(c)(11).  

 

      

 

 

 

 
  C. Executive Session Discuss Group 15 m
  D. Motion to Exit Executive Session Vote Paul Stagen 2 m
V. Closing Items 9:27 AM
  A. Adjourn Meeting Discuss Paul Stagen 1 m