Elgin Math & Science Academy
Finance Committee Meeting
Date and Time
Tuesday November 10, 2020 at 8:00 AM CST
Location
Remote Meeting on Google Meets
Agenda
| I. | Opening Items | |
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Opening Items
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| A. | Record Attendance and Guests | |
| B. | Call the Meeting to Order | |
| C. | Approve Minutes | |
| II. | Finance | |
| A. | Review of Monthly Financial Statements | |
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For all meetings:
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| B. | Review and Approval of Financial Policies | |
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Ongoing review/changes of EMSA's Financial Policies and Procedures. Vote to approve changes, when applicable.
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| C. | Strategic Plan / Master Plan / Debt | |
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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 11/10/20 Meeting: 1. Update on EMSA Acquisition of Leased Property from the City of Elgin 2. Finance Committee Begins Process of Master Plan Continuation (property transfer, debt options, "battle plan" to go forward)
3. Update on options to house 6th grade next year; costs, planning, scheduling
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| D. | Development, Reserve Funds, New Grants | |
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1. Status update on Development Committee activities 2. New Balance Sheet Account set-up for IFF loan "sinking fund"
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| III. | Other Business | |
| A. | Treasurer's Comments | |
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Opportunity for Treasurer to make summary comments on topics discussed or to provide strategic direction on future Finance Committee activities. |
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| IV. | Closing Items | |
| A. | Adjourn Meeting | |