Final

Elgin Math & Science Academy

Finance Committee Meeting

Date and Time

Thursday January 21, 2021 at 8:00 AM CST

Location

Remote Meeting on Google Meets

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
   
Special Finance Committee Meeting on 11/17/20.
No minutes from December regular Finance Committee meeting (no quorum).

 
II. EAB Solutions: Progress and Plans
  A. EAB - Transition Comments
   
Comments from Shanan Egger  (Founder, EAB Solutions)
  B. Expected Reports
  C. Processes, Open Items, Next Steps
III. Interim Financial Statements
  A. Review of Monthly Financial Statements
   
For all meetings: 
  1. Balance Sheet at 12/31/20
  2. Budget Variance at 12/31/20
  3. Monthly Cash Flow Report at 12/31/20
  4. Weekly Cash Flow Report for W/E 1/8/21
IV. CONSTRUCTION and FINANCING
  A. Middle School Project: COO Report
   
IFF's Board met on 1.14 and voted to approve EMSA's Loan Application.  IFF notified EMSA of approval on 1.15. 
  B. Recommendation for Approval of Bulley and Andrews GC Contract
  C. Recommendation for Approval of Wheeler Kearns Architects Contract
  D. Approval of EMSA Gym/Middle School Development Budget
V. TRACKING ITEMS
  A. Enrollment, FRL, English Learners, Special Ed Numbers
  B. Financial Policies
  C. Employee Handbook
  D. Finance Committee Goals
VI. Other Business
  A. Audit Committee
   
Convene audit committee to select auditor--choose a date in February.
VII. Closing Items
  A. Adjourn Meeting