International School of Louisiana Board of Trustees
Minutes
March 2022 Finance Committee Meeting
Date and Time
Thursday March 17, 2022 at 6:00 PM
Committee Members Present
G. Ligon (remote), V. Cuiellette (remote)
Committee Members Absent
None
Guests Present
A. Le (remote), A. Weiss (remote), E. Thomas (remote), M. Tennyson (remote), Mike Dunn (remote), S. Chapman (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
V. Cuiellette called a meeting of the Finance Committee of International School of Louisiana Board of Trustees to order on Thursday Mar 17, 2022 at 6:05 PM.
II. Finance
A.
FY 21-22 Budget Revision
B.
Board Resolution Regarding Employee Retirement Plans
Emily Thomas: awaiting board resolution to terminate the current TIAA 403(B) plan and replace it with 401(K) plan.
C.
Salary Schedules
Emily Thomas: Revised salary schedule for school administration and staff.
D.
PPP Loan Forgiveness Letter
Emily Thomas: PPP Loan principle and interest has been forgiven.
E.
January and February 2022 Financials
Mike Dunn: Review financial reports and bank reconciliations(still being processed due to bank buyout).
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 6:49 PM.
Respectfully Submitted,
V. Cuiellette
Documents used during the meeting
None
Melanie Tennyson and Mike Dunn: The budget revision has been sent to Baton Rouge and awaiting board approval.