International School of Louisiana Board of Trustees
Minutes
Finance Committee Meeting
Date and Time
Tuesday August 16, 2016 at 5:30 PM
Location
Camp St. Library
Committee Members Present
D. Drucker, M. Tennyson
Committee Members Absent
D. Bordson-Bozzo
Guests Present
Emily Thomas, H. Rodgers iv, L. Muetzel, Mike Dunn
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
D. Drucker called a meeting of the Finance Committee of International School of Louisiana Board of Trustees to order on Tuesday Aug 16, 2016 at 5:30 PM.
II. Finance
A.
2016 2nd QTR Financials
Administration responded to questions regarding: operating cash, allowance for doubtful accounts, accuracy of liability accounts, and variances in budget to actual.
B.
HOS Credit Card Statements
HOS credit card charges appear to be within in normal parameters.
C.
Finance Department Updates
Administration provided updates regarding upcoming audits, current staffing in the department, corrective procedures for timely reconciliations.
D.
Plan Agenda for next meeting
Committee agreed to agenda for September Finance Meeting. Committee will review July financial statements and discuss changes to board financial policies.
III. 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 6:28 PM.
Respectfully Submitted,
D. Drucker