International School of Louisiana Board of Trustees
Minutes
Finance Committee Meeting 3-21-17 5:30 pm
Date and Time
Tuesday March 21, 2017 at 5:30 PM
Location
Camp Street
Committee Members Present
D. Drucker, M. Tennyson
Committee Members Absent
D. Bordson-Bozzo, H. Rodgers iv, L. Muetzel
Guests Present
Emily Thomas, 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 Mar 21, 2017 at 5:37 PM.
II. Finance
A.
Review December and January Financials and Check Ledger
Committee discussed variances between budget and actual for salaries, professional services, and various revenue line items. Administration responded to questions regarding accounts payable balance and cash disbursements.
B.
Review HOS Credit Card Charges (December and January)
No significant charges noted.
C.
Discuss 2016-17 Budget Revision
Committee discussed details regarding budget revision and MFP funding.
D.
Discuss 2017-18 Budget Timeline and Status
Committee discussed current status of Budget process and projected timeline for meeting dates.
E.
Finance Department Update
No updates discussed.
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 6:17 PM.
Respectfully Submitted,
D. Drucker