Elgin Math & Science Academy
Minutes
Finance Committee Meeting
Date and Time
Friday June 19, 2026 at 8:00 AM
Location
Virtual
Committee Members Present
A. Scimeca (remote), N. Walters (remote), P. Stagen (remote)
Committee Members Absent
O. Faruqi, S. Bennett
Guests Present
K. Martinez (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
P. Stagen called a meeting of the Finance Committee of Elgin Math & Science Academy to order on Friday Jun 19, 2026 at 8:03 AM.
C.
Approve Minutes from April 17, 2026
II. Review Financials
A.
Review May Interim Financials
III. FY27 Budget
A.
FY27 Budget
Finance committee reviewed the FY27 proposed budget and agreed to present it to full board for approval. Decisions made including absorbing 15% of the 19% health insurance increase for staff, and increasing facilities funding to $200K.
IV. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:05 AM.
Respectfully Submitted,
K. Martinez
Natalia Walters walked committee through May financials, highlighting areas that may change in the next month of the fiscal year and what she anticipates staying the same.