Final

Elgin Math & Science Academy

Cash Flow Meeting

Date and Time

Tuesday August 18, 2020 at 8:00 AM CDT

Location

Virtual

Agenda

     
I. Opening Items
 
Opening Items
  A. Record Attendance and Guests
  B. Call the Meeting to Order
  C. Approve Minutes
II. Finance
  A. Review of Monthly Financial Statements
   
For all meetings: 
  1. Balance Sheet at 7/31/20
  2. Budget Variance at 7/31/20
  3. Cash Flow Report at 7/31/20
  4. Weekly Cash Flow Report for W/E 8/16/20
  B. Review and Approval of Financial Policies
   

Ongoing review/changes of EMSA's Financial Policies and Procedures.  Vote to approve changes, when applicable.
  C. Strategic Plan / Master Plan / Debt
   
Review changes to EMSA Strategic Plan and/or Master Plan; Review/discuss debt options to fund Master Plan and, if applicable, determine what courses of action will require Board approval upon which to be voted.

For 8/16/20 Meeting:

1. Update on EMSA Acquisition of Leased Property from the City of Elgin
2. Status of Master Plan Pre-construction Phase Project, if needed
3. IFF Loan No. 2 closed; supplier payments to be made in August
4. Trailer rental costs for FY2022 school year (F Bisconti)
 
  D. Development, Reserve Funds, New Grants
   

1. Status update on Development Committee activities
2. Development Committee priorities (master plan Admin Bldg, operations, debt, etc.), 
3. Reserve Funds for OPERATIONS and FACILITIES MAINTENANCE
4. New grant opportunities - Busing/transportation
III. Other Business
 
Other business to be discussed, as needed
  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