Final

Elgin Math & Science Academy

Special Finance "Summit" to Develop 5-year Budget

Date and Time

Wednesday August 14, 2019 at 8:00 AM CDT

Location

EMSA Conference Room, 1600 Dundee Ave, Elgin

Agenda

Section Number Topic Number Details
I. Opening Items
 
Opening Items
  A. Record Attendance and Guests
  B. Call the Meeting to Order
  C. Approve Minutes
II. Finance
 
Finance
  A. CFO Report and Review of Budgets
   
For all meetings: 
  1. Balance Sheet
  2. Budget Variance
  3. Cash Flow Report
  4. 990 & other tax filing requirements status
  5. 2019-20 Budget
  6. Capital Budget
  7. 3 and 5 Year Projections   
     
  B. Review and Approval of Financial Policies
   

We will revisit this next month.
  C. EMSA Five-Year Budget and Future Growth Model
   
Review financial projections for EMSA's 5-year growth model.  What are our priorities for the next five years?
  D. Creation of Finance Calendar and Timeline
  E. Development, Reserve Fund, Minimize debt
   

The committee agreed to keep consideration of these three topics on their monthly calendar.  
III. Other Business
IV. Closing Items
  A. Adjourn Meeting