Elgin Math & Science Academy

EMSA Finance Committee Meeting

Date and Time

Tuesday November 12, 2019 at 8:00 AM CST

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. Audit Update and Telephone Conference with Auditor
  B. Construction Financing Telephone Conference With B. Malone
  C. CFO Report and Review of Monthly Financial Statements
   
For meeting: 
  1. Balance Sheet
  2. Budget Variance
  3. Cash Flow Report
  4. Vacation Accrual
  5. FY 2019 Audit and 990 Status
  D. Review and Approval of Financial Policies
   

Ongoing review/changes of EMSA's Financial Policies and Procedures.  Vote to approve changes, when applicable.

  E. EMSA Ongoing Strategic Plan / Master Plan Debt Status
   
Review status of all existing debt and future debt options with regard to school operations and long term Master Plan.
  F. Development, Reserve Fund, New Grants, School Debt
   
Status update on Development Committee activities; creation and growth of a Reserve Fund; new grant opportunities, options to reduce existing debt or to discuss new debt to be incurred with respect to Master Plan.
III. Other Business
  A. Treasurer's Comments
   

Opportunity for Treasurer to make summary comments on topics discussed or to provide strategic direction on future Finance Committee activities.

IV. Closing Items
  A. Adjourn Meeting