Elgin Math & Science Academy
Finance & Operations Committee Meeting
Date and Time
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 7:45 AM | |||
|
Opening Items
|
|||||
| A. | Record Attendance and Guests | Discuss | Dan Alexander | 1 m | |
| B. | Call the Meeting to Order | Discuss | Adam Gray | 1 m | |
|
This Meeting is being held in person. |
|||||
| C. | Meeting Minutes - June 17, 2024 | Approve Minutes | Dan Alexander | 3 m | |
|
Review of the Minutes of the Special Finance Committee - June 17, 2024. |
|||||
| II. | Financial Report | 7:50 AM | |||
| A. | May 31, 2024 Interim Financial Report | Discuss | Douglas DeJong | 30 m | |
|
Douglas DeJong will present the May interim financial report, and answer Committee questions about it. |
|||||
| B. | Draft FY25 Budget and Five Year Model | Vote | Douglas DeJong, Dan Alexander, Committee | 30 m | |
|
The Committee will consider the draft FY25 Budget, and can if it chooses, to vote to recommend an FY25 Budget to the Board of Directors.
The FY25 Budget and financial projections for FY25-29 have been modified to reflect the State legislation restoring general transportation funding. The FY26-29 PCTC rates have also been recalculated in light of new information about U-46 operations in the current fiscal year. The adjustments suggested by the Committee at the June 17, 2024 Meeting have been made.
|
|||||
| III. | Operations Report | 8:50 AM | |||
| A. | COO Operations Report | Discuss | Dan Alexander | 3 m | |
|
COO's Operations Report is attached.
|
|||||
| IV. | Other Business | 8:53 AM | |||
| A. | Next meeting(s) | Discuss | Dan Alexander | 2 m | |
|
The next meeting of the Finance Committee will be set by the Board-approved Meeting Schedule for Board and Committee Meetings. |
|||||
| V. | Closing Items | 8:55 AM | |||
| A. | Adjourn Meeting | Discuss | Adam Gray | 1 m | |