Alma del Mar
Minutes
Finance Committee Meeting
Date and Time
Thursday August 17, 2023 at 9:00 AM
Christine Fisher is inviting you to a scheduled Zoom meeting.
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Meeting ID: 851 4648 4043
Passcode: 075164
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Meeting ID: 851 4648 4043
Passcode: 075164
Find your local number: https://us02web.zoom.us/u/kdqQcuSBTA
Committee Members Present
C. Fisher (remote), C. Holley (remote), E. Darrow (remote), J. McDonough (remote), P. Ditchfield (remote), T. DeLoach (remote)
Committee Members Absent
J. Baptist
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
FY23 Unaudited Financials
III. Other Business
A.
FY23 Audit Update
C. Fisher will reach out to the committee during the week of fieldwork with a timeline for reviewing Draft Report and seeking Board approval.
B.
FY24 Meeting Schedule
Reviewed new meeting schedule for FY24.
C.
DACA Update
New DACA agreement naming Bristol County Saving Bank is in process with legal counsel.
C. Fisher included a Budget vs. Actual Report for FY23 with detailed explanations of variances. P. Ditchfield questioned why the fringe line was $100k under budget; C. Fisher explained that as the school is expanding, it's difficult to budget how many staff will opt in to the health plan.
P. Ditchfield also inquired about legal expenses related to a Title IX investigation. T. DeLoach explained the costs associated with the investigation and noted that the case is wrapping up with minimal expenditures anticipated for FY24.