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Alma del Mar

Minutes

Finance Committee Meeting

Date and Time

Thursday October 19, 2023 at 9:00 AM

Christine Fisher is inviting you to a scheduled Zoom meeting. Join Zoom Meeting https://us02web.zoom.us/j/81449072090?pwd=RUVIaUF1T1lzVHpjeHFVTG5FMlRaUT09 Meeting ID: 814 4907 2090 Passcode: 359408 --- One tap mobile +16468769923,,81449072090#,,,,*359408# US (New York) +16469313860,,81449072090#,,,,*359408# US --- Dial by your location • +1 646 876 9923 US (New York) • +1 646 931 3860 US • +1 301 715 8592 US (Washington DC) • +1 305 224 1968 US • +1 309 205 3325 US • +1 312 626 6799 US (Chicago) • +1 689 278 1000 US • +1 719 359 4580 US • +1 253 205 0468 US • +1 253 215 8782 US (Tacoma) • +1 346 248 7799 US (Houston) • +1 360 209 5623 US • +1 386 347 5053 US • +1 408 638 0968 US (San Jose) • +1 507 473 4847 US • +1 564 217 2000 US • +1 669 444 9171 US • +1 669 900 6833 US (San Jose) Meeting ID: 814 4907 2090 Passcode: 359408 Find your local number: https://us02web.zoom.us/u/kbwug8SQcj

 

  1. 10 minutes before

event

Organizer: Christine Fisher

Christine Fisher

Committee Members Present

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

Committee Members Absent

None

Guests Present

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

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

C. Holley called a meeting of the Finance Committee of Alma del Mar to order on Thursday Oct 19, 2023 at 9:00 AM.

II. Finance

A.

FY23 Audit Presentation

J. McDonough made a motion to recommend that the Board of Trustees accepts the FY 2023 Audit Report.
P. Ditchfield seconded the motion.

Kris Lane and Ashlyn Johnson from Daniel Dennis presented the FY23 Audit exit.

The committee VOTED to approve the motion.

B.

Approve Minutes

J. Baptist made a motion to approve the minutes from Finance Committee Meeting on 09-21-23.
J. McDonough seconded the motion.
The committee VOTED to approve the motion.

C.

FY24 September Financials

Reviewed Q1 September financials and discussed a few updates to the forecast.  Also reviewed cash summary.

III. Other Business

A.

FY24 Fincom Goals

J. Baptist made a motion to approve FY24 Finance Committee Goals with a few edits to the second goal.
P. Ditchfield seconded the motion.
The committee VOTED to approve the motion.

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 10:42 AM.

Respectfully Submitted,
C. Fisher