Elgin Math & Science Academy
Finance Committee Meeting
Date and Time
Friday August 23, 2024 at 7:45 AM CDT
Location
Admin Building
1600 Dundee Avenue
Elgin, IL 60120
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 7:45 AM | |||
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Opening Items
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| A. | Record Attendance and Guests | Discuss | Paul Stagen | 1 m | |
| B. | Call the Meeting to Order | Discuss | Paul Stagen | 1 m | |
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This Meeting is being held in person. |
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| C. | Meeting Minutes - June 21, 2024 | Approve Minutes | Paul Stagen | 3 m | |
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Review of the Minutes of the Finance & Operations Committee Meeting - June 21, 2024. |
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| II. | Financial Report | 7:50 AM | |||
| A. | FY24 Draft and Unofficial Year-End financial report | Discuss | Douglas DeJong | 30 m | |
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Douglas DeJong will discuss the June 30, 2024 year-end financial report, and discuss the forthcoming independent financial Audit. |
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| B. | FY25 Budget and Five Year Model | Vote | Douglas DeJong, Dan Alexander, Committee | 15 m | |
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An adjustment to the Five Year Model has been developed, to reflect the bond payment schedule for the payment due September 1, 2025.
No financial results for July are being presented, as the Committee had previously agreed with staff that such a report for July is not a valuable use of time.
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| III. | Operations Report | 8:35 AM | |||
| A. | COO Operations Report - July/August | Discuss | Dan Alexander | 10 m | |
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COO's Operations Report is attached for July, August.
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| IV. | Other Business | 8:45 AM | |||
| A. | Next meeting(s) | Discuss | Paul Stagen | 2 m | |
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The next meeting of the Finance Committee will be at 7:45am on Monday, October 21, 2024. |
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| V. | Closing Items | 8:47 AM | |||
| A. | Adjourn Meeting | Discuss | Paul Stagen | 1 m | |