International School of Louisiana Board of Trustees
Minutes
Finance Committee Meeting
Date and Time
Wednesday March 15, 2023 at 5:00 PM
Location
Uptown Campus, Room 201, 1400 Camp Street, New Orleans, LA 70130
Committee Members Present
E. Thomas, M. Tennyson
Committee Members Absent
G. Ligon
Guests Present
Mike Dunn, V. Cuiellette
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
E. Thomas called a meeting of the Finance Committee of International School of Louisiana Board of Trustees to order on Wednesday Mar 15, 2023 at 5:12 PM.
II. Finance
A.
Review December 2022 Financial Reports
B.
Review Head of School Credit Card
No charges to report per Emily Thomas.
C.
Update on the Financial Audits
Emily Thomas advised that the audit finalized for the change from 403B to 401K. Financial audit is on going, to end by March 31.
D.
Miscellaneous
Emily Thomas received committee approval to change from 6 month to 11 month CD to receive a better rate of 3.75% with First Horizon Bank. Also, verified no investments affected by California bank disruption.
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 5:57 PM.
Respectfully Submitted,
V. Cuiellette
Mike Dunn discussed Financial Overview ending January 31, 2023.