International School of Louisiana Board of Trustees
Minutes
September Finance Committee Meeting
Date and Time
Thursday September 26, 2019 at 6:00 PM
Location
ISL Camp Street Campus
Committee Members Present
E. Thomas, Y. Zaitseva McCloskey
Committee Members Absent
G. Ligon, H. Rodgers iv, L. Muetzel, M. Tennyson
Guests Present
C. Rice, M. Alexander
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
Y. Zaitseva McCloskey called a meeting of the Finance Committee of International School of Louisiana Board of Trustees to order on Thursday Sep 26, 2019 at 6:06 PM.
II. Finance
A.
August 2019 Financials and HoS Credit Card
Reviewed August 2019 Financial information. Continuing to accumulate surplus. Revenues came in higher, while expenses are running slightly lower.
III. Other Discussion Items
A.
Update on expansion consideration and borrowing capacity
Discussed expansion considerations and updates from the bank on borrowing capacity.
B.
Annual Financial Report and financial Data
Annual Audits:
Submitted balanced budget on 7/31/19
- 403b Audit
- Workers Compensation Audit
- Liability Insurance Audit
- Financial Audit
Submitted balanced budget on 7/31/19
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 6:42 PM.
Respectfully Submitted,
Y. Zaitseva McCloskey