Research Triangle High School

Minutes

Finance Committee Monthly Meeting

Date and Time

Tuesday November 14, 2023 at 10:30 AM

Location

RTHS Board of Directors is inviting you to a scheduled Zoom meeting.

Topic: RTHS Board of Directors' Zoom Meeting
Time: This is a recurring meeting Meet anytime

Join Zoom Meeting
https://rthighschool.zoom.us/j/93566460638

Meeting ID: 935 6646 0638

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Meeting ID: 935 6646 0638

Find your local number: https://rthighschool.zoom.us/u/ahcfCIgHb

The RTHS Board of Directors meets monthly on the Third Wednesday of each month, except for December and July. Meetings are held onsite at 5:30pm until 7pm, upstairs in the Conference Room (Room 200).

Committee Members Present

B. Mitchell (remote), C. Coia (remote), G. Rodgers (remote), N. Lightner (remote)

Committee Members Absent

M. Babb, S. Rivers-Kobler

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

G. Rodgers called a meeting of the Finance Committee of Research Triangle High School to order on Tuesday Nov 14, 2023 at 10:33 AM.

C.

Approve Minutes

C. Coia made a motion to approve the minutes from Finance Committee Monthly Meeting on 10-10-23.
G. Rodgers seconded the motion.
The committee VOTED unanimously to approve the motion.

II. Finance

A.

Budget Review; Actuals vs. Budget

Nicole reviewed the state and county funding updates.

 

Current staff information has been updated as of 10/31.

 

Reviewing the staff positions that were not filled due to a planned funding shortfall.  These will be reviewed as to whether they will need to stay frozen.

 

Increases in Health Insurance was updated, while the retirement funding was reduced due to less staff participating in the retirement plan.

 

Nicole was asked to include a Budget variance column for future reports.

 

Educational budget (which has been broken down to a greater detail) was reallocated due to needed departmental updates.

 

Currently looking at the best ways to best ways to utilize any additional funding.

III. Other Business

A.

Audit Update

Auditor will brief the board tomorrow night at 5:45

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 11:00 AM.

Respectfully Submitted,
G. Rodgers