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Alma del Mar

Board Meeting

Published on November 16, 2016 at 11:32 AM EST

Date and Time

Friday September 23, 2016 at 8:45 AM EDT

Agenda

Section Number Topic Number Details
I. Opening Items
 
Opening Items
  A. Record Attendance and Guests
  B. Call the Meeting to Order
  C. Approve Minutes
    Approve minutes for Board Meeting on August 26, 2016
  D. Scholar Spotlight
   

Alma Scholars will briefly share some current work with trustees!
  E. E.D. Report/Goals Dashboard
II. Governance
 
Governance
  A. Annual Meeting Slate
   

Review our current slate of trustees and officers for the annual meeting.
  B. Board Retreat Preview
III. Academic Excellence
 
Academic Excellence
  A. Academic Excellence Report
IV. Development
 
Development
  A. Development Report
V. Finance
 
Finance
  A. Finance Report
   
  • Operational budget overall is on track. Finance Committee is looking into employee fringe benefits, salaries, nutrition funding and utilities to see if costs can be more closely monitored.
  • The demolition of the 26 Madeira property has begun. All of the cabinetry is removed.  There was no asbestos found in the roof but there are terra cotta bricks in the interior walls which will add extra disposal costs estimated at $48K.  While this is well within the contingency of the project we are exploring ways to minimize the impact of the additional disposal costs.
  B. Finance Committee Annual Calendar and Goals
   
Calendar is attached. Annual Goals for Fin Com include:
  • Update Fiscal Policies & Procedures. Focus on accounts payable and purchasing process.
  • Complete a long range budget forecast (10-20 years)
  • Review and recommend 2017-18 operating budget
VI. Other Business
VII. Closing Items
  A. Adjourn Meeting