Finance Advisory Committee Meeting Minutes

March 5, 2025, 10:00-11:00 AM

Wednesday March 5, 2025 at 10:00 AM

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Alicia Malet Klein (remote), James McLean (remote), Lori Crawford (remote), Sid Landman (remote), Steve Blass (remote)

Ken Blum

Alton B. Nelson Jr. (remote), Hung Mai (remote), James McClean (remote)

Alicia Malet Klein called a meeting of the Finance Committee of Making Waves Academy to order on Wednesday Mar 5, 2025 at 10:00 AM.

The CFO highlighted the major changes from the 1st Interim budget to 2nd Interim Budget:
- Government revenues decreased by approximately $312,621
- Decreased JRSF contributions by about $2,432,363
- Decreased total expenditures by about $1,586,743
The committee recommended the FY’25 2nd Interim Budget to the MWA Board for approval.

The CFO will prepare different cash flow models for the Finance Advisory Committee (FAC) to review at the next FAC 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,

Alicia Malet Klein