Elgin Math & Science Academy
Finance Committee Meeting--Remote
Date and Time
Tuesday May 11, 2021 at 8:00 AM CDT
Location
Meeting ID: 956 9377 5063
Passcode: EMSA
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Passcode: EMSA
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Meeting ID: 956 9377 5063
Passcode: 705920
+1 312 626 6799 US (Chicago)
+1 929 205 6099 US (New York)
+1 301 715 8592 US (Washington DC)
+1 253 215 8782 US (Tacoma)
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
Meeting ID: 956 9377 5063
Passcode: 705920
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 | |
| D. | Approve Minutes | |
| II. | Interim Financial Statements, General COO Report | |
| A. | Review of Monthly Financial Statements | |
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Review of April 30, 2021 Financial Reports.
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| B. | General COO Report | |
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Areas of concentration for COO with financial implications for FY21 Budget, and/or Gym Middle School Capital Project
1. Budget Process timeline
4/19 - EAB Internal Preparation: Shanan, Tina, Douglas
4/26 - Shanan, Lezlie, Dan
5/3 - Shanan, Tina, Lezlie, Dan, Kerry, others as needed
5/18 - Draft 1 WIP - Finance Committee, incorporate changes
5/20 - Draft 2 WIP - post Finance Committee review w/Board, incorporate Board changes post presentation
6/14 - Draft 3 WIP - incorporate Board direction, review with FC, FC recommends to Board
6/17 - Final review by Board
2. Resolution of FICA errors by previous CFO.
3. PPP Update.
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| III. | CONSTRUCTION and FINANCING | |
| A. | Middle School Project: COO Report | |
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Construction is on schedule and continues to track well under budget for defined scope of Gym Project plus Warm, Safe, and Dry.
See attached COO Report, Budget Tracking Report.
Neil Building roof repairs to be removed from (financed) capital budget pending resolution of Dining Hall Scope of work for Warm, Safe, and Dry. Neil Building intercom, Art Barn sewer connection still included in (financed) capital budget.
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| IV. | TRACKING ITEMS | |
| A. | Enrollment, FRL, English Learners, Special Ed Numbers | |
| B. | Financial Policies | |
| C. | Finance Committee Goals | |
| V. | Other Business | |
| A. | Next meeting(s) | |
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The next meeting of the Finance Committee will be held on Tuesday, May 11th.
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| VI. | Closing Items | |
| A. | Adjourn Meeting | |