International School of Louisiana Board of Trustees
Minutes
Finance Committee meeting
Date and Time
Thursday August 19, 2021 at 6:00 PM
Location
This meeting will be held virtually due to a declared state of emergency in our geographic area.
Committee Members Present
E. Thomas (remote), G. Ligon (remote), L. Muetzel (remote), M. Tennyson (remote)
Committee Members Absent
None
Guests Present
Carol McCarthy (remote), Mike Dunn (remote), V. Cuiellette (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
L. Muetzel called a meeting of the Finance Committee of International School of Louisiana Board of Trustees to order on Thursday Aug 19, 2021 at 6:03 PM.
II. Finance
A.
May and June 2021 Financials and Head of School Credit Card
Michael Dunn went over June 2021 Financials. There has been no activity on Head of School credit card.
B.
Additional Information
ISL submitted a PPP Loan Forgiveness Application on 8/6/21. It is currently in the
review process.
• Audit of FY 2020-2021 financial statements and FY2020 403b retirement plan is in
progress
• Westbank campus renovation project projections
review process.
• Audit of FY 2020-2021 financial statements and FY2020 403b retirement plan is in
progress
• Westbank campus renovation project projections
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 6:24 PM.
Respectfully Submitted,
L. Muetzel