Alma del Mar
Finance Committee Meeting
Date and Time
Taylor DeLoach (she/her/hers) is inviting you to a scheduled Zoom meeting.
Join Zoom Meeting
https://almadelmar-org.zoom.us/j/6731716522?pwd=VW1mQmZzV0JyQVZrR01KbjNKRURGdz09
Meeting ID: 673 171 6522
Passcode: 12345
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 9:00 AM | |||
| A. | Record Attendance | Christine Fisher | 1 m | ||
| B. | Call the Meeting to Order | Charles Holley | |||
| C. | Approve Minutes | Approve Minutes | Charles Holley | 1 m | |
| Approve minutes for Finance Committee Meeting on November 27, 2023 | |||||
| II. | Finance | 9:02 AM | |||
| A. | FY24 Q2 Financials | Discuss | Christine Fisher | 10 m | |
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Highlights: -Tuition rates were released in December resulting in a projected $130k increase (all above foundation $, needs to be in FY24) Meetinig scheduled with Leadership and will propose ideas to spend to Fincom/Board in March. -Annual Appeal is on track to meet annual goal. Additional $90 expected in January. -Interest income projected to ears $200k for SCHOOL only. Discussing with auditors how the school can spend this "non-operating" income without having an effect on DSCR. -Fringe line adjusted for the increase in health premiums. -Contracted Services line and salary lines adjusted for SPED position hired this FY. -Network Contributions Expense on campus budgets are tracking high due to professional development spending that will be funded with ESSER. -Overall, budget vs. actual is tracking for an increased surplus of $200k. This surplus does not include ESSER revenue. CMF will provide suggestions on surplus from ESSER funds at meeting.
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| B. | FY25 Budget Timeline | FYI | Christine Fisher | 5 m | |
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Timeline and process is still in planning. Will provide timeline at meeting. |
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| III. | Other Business | ||||
| IV. | Closing Items | ||||
| A. | Adjourn Meeting | Vote | Charles Holley | ||