Elgin Math & Science Academy
Minutes
Finance & Operations Committee
Date and Time
Friday April 5, 2024 at 7:45 AM
Location
Admin Building
Committee Members Present
D. Alexander, D. DeJong (remote), P. Stagen, R. Manderschied
Committee Members Absent
A. Gray, J. Willer, K. Kelly, K. Rauschenberger, S. Bennett, S. Egger
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
C.
Approved Minutes of the February 23 2024 Meeting of the Finance & Operations Committee
II. Financial Report
A.
Recommendation that Board approve Line of Credit Resolution
There was no action taken on this item, since there was not a quorum present.
B.
February 29, 2024 Interim Financial Report
Douglas DeJong presented the February 29, 2024 interim financial statements, making several points about the variation in forecast compared with the January report, and taking questions from Committee members.
C.
Review reprojections of FY25-29 PCTC revenue and expenses
Dan Alexander led a discussion and presentation on staff's work in progress reforecast of the Five Year Financial Model.
III. Other Business
A.
Next meeting(s)
The next meeting of the Finance & Operations Committee will be on April 19, 2024 at 7:45am.
This will be the regular April meeting, and include review of the March 31, 2024 financial statements.
There was no action on this item, since there was not a quorum present.