Alma del Mar
Finance Committee Meeting
Date and Time
Christine Fisher is inviting you to a scheduled Zoom meeting.
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Meeting ID: 881 9417 1144
Passcode: 870527
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Meeting ID: 881 9417 1144
Passcode: 870527
Find your local number: https://us02web.zoom.us/u/kkXYc3C4A
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 9:00 AM | |||
| A. | Record Attendance | Charles Holley | 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 April 22, 2024 | |||||
| II. | Finance | 9:02 AM | |||
| A. | FY24 May Financials | FYI | Christine Fisher | 5 m | |
|
Forecast has been adjusted for almost every revenue and expense line to account for one more month of spending. ESSER revenue has been recorded. Re-commitment bonuses and sick time payout accounted for. Approved bulk purchases (textbooks, supplies, etc) have been accrued in forecast.
$1.855million surplus accounts for a 2.17 DSCR. |
|||||
| B. | Transfer Funds to Replacement & Renewal Fund | Vote | Christine Fisher | 5 m | |
|
Finance Committee recommends Board of Trustees approve a one time transfer of year end surplus funds to the Capital Replacement & Renewal Funds for both campuses, transfer can be up to $1,000,000. |
|||||
| C. | 5 Year Capital Plan | Vote | Christine Fisher | 5 m | |
| III. | Other Business | 9:17 AM | |||
| A. | FY25 Meeting Schedule | FYI | Charles Holley | 5 m | |
| IV. | Closing Items | 9:22 AM | |||
| A. | Adjourn Meeting | Vote | |||