Elgin Math & Science Academy
Finance Committee Meeting
Date and Time
Tuesday December 8, 2020 at 8:00 AM CST
Location
Remote Meeting on Google Meets
Agenda
I. | Opening Items | |
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 | |
For all meetings:
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B. | Review and Approval of Financial Policies | |
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 | |
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 12/8/20 Meeting: 1. Update on EMSA Acquisition of Leased Property from the City of Elgin 2. Master Plan Update; status of financing
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D. | Development, Reserve Funds, New Grants | |
1. Status update on Development Committee activities 2. Balance Sheet Account set-up for IFF loan "sinking fund" being funded
3. Update on reserve funds; cost allocation out of Master Plan Reserve Fund (landscape, attorney fees, D Alexander, Admin roof)
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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. |
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IV. | Closing Items | |
A. | Adjourn Meeting |