International School of Louisiana Board of Trustees
Minutes
April Finance Committee Meeting
Date and Time
Thursday April 30, 2020 at 5:30 PM
Location
Due to social distancing restrictions, the committee will meet via Google Meet. Members of the public can access the online meeting by emailing Susan Chapman (schapman@isl-edu.org) to request a link to the meeting.
Committee Members Present
E. Thomas (remote), G. Ligon (remote), H. Rodgers iv (remote), M. Tennyson (remote), Y. Zaitseva McCloskey (remote)
Committee Members Absent
L. Muetzel
Guests Present
C. Rice (remote)
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 Apr 30, 2020 at 5:32 PM.
II. Finance
A.
March 2020 Financials and HoS Credit Card
Reviewed March 2020 Financials. Continuing to run the budget surplus. Discussed renewing the CD coming up for maturity in May for another 6Mo.
B.
Review Budget Draft
Melanie, Emile and Mike presented the budget for 2020-2021. Incorporated conservatives student enrollment projections given potential impact of COVID-19. A lot of uncertainties around what the MFP funding will look like next year. Planning to have a Budget Hearing on May 28th Finance Committee meeting and vote to adopt the budget at the June's Board Retreat.
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 6:05 PM.
Respectfully Submitted,
Y. Zaitseva McCloskey