Alma del Mar

Minutes

Finance Committee Meeting

Date and Time

Monday April 24, 2023 at 11:00 AM

Location

Christine Fisher is inviting you to a scheduled Zoom meeting.

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Meeting ID: 852 4197 1376
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Committee Members Present

J. Baptist (remote), J. McDonough (remote), P. Ditchfield (remote)

Committee Members Absent

C. Holley

Guests Present

C. Fisher (remote), E. Darrow (remote), T. DeLoach (remote)

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

C.

Approve Minutes

P. Ditchfield made a motion to approve the minutes from Finance Committee Meeting on 03-17-23.
J. McDonough seconded the motion.
The committee VOTED unanimously to approve the motion.

II. Finance

A.

FY23 March Financials

Reviewed FY23 Q3 financials noting a few expense lines are over budget.  P. Ditchfield requested a detailed Cash Report be included in the packet.

B.

FY24 Budget

No major changes were made to the FY24 Draft Budget.  C. Fisher noted that DESE sent an email this morning confirming that the House and Means had approved the Governor's proposed budget, no changes in tuition.  Budget is scheduled to be approved by Board of Trustees on April 28th.

III. Other Business

A.

Fincom Meetings Schedule

J. Baptist is working with Board on changing Board meeting dates/times to better align with member's schedules.  Once Board meeting dates are finalized, Fincom will discuss best meeting schedule for the committee.

IV. Closing Items

A.

Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 11:24 AM.

Respectfully Submitted,
C. Fisher