Shanan Egger led a discussion of the December 31, 2021 Interim Financial Statements, including forecasting through end of FY22.  Overall he stated things were looking very positive, with A/R going down sharply in January and continuing strong financial performance.

He stated that he would be drafting a Resolution for consideration at the January Board Meeting, approving the increase in the Wintrust Line of Credit from $150,000 to $250,000.

Shanan shared that he would be sharing with Keith, and then with the entire Finance Committee at its February Meeting, an Internal Controls Policy draft which he and Dan and others at Quatrro had worked to draft.  That draft would be shared with the Committee well in advance of the February Meeting to allow everyone to review it, together.

Dan Alexander introduced the topic, noting the issues were a work in progress.  Significant discussion ensued, which the Committee expressed was helpful in clarifying some of the issues involved.  This topic will continue as a point of discussion.  Kerry extended an invitation to Finance Committee members to attend the Master Planning Meeting on Friday January 22nd, should they choose to do so.

Dan Alexander led a discussion of the COO Operating Report, answering questions.

Dan Alexander shared an enrollment report.

Dan Alexander commented that the Internal Controls Policy draft document was something the Committee had identified as a key goal for itself and the organization.

The next Meeting of the Finance Committee will be February 15, 2022.