International School of Louisiana Board of Trustees
Minutes
Finance Committee Meeting
Date and Time
Tuesday September 23, 2014 at 5:30 PM
Location
Camp Street Library
Committee Members Present
D. Bordson-Bozzo, D. Drucker, M. Tennyson
Committee Members Absent
S. Chapman
Guests Present
B. Richard-Montgomery, Tracy Shields
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
D. Drucker called a meeting of the Finance Committee of International School of Louisiana Board of Trustees to order on Tuesday Sep 23, 2014 at 5:35 PM.
II. Finance
A.
July 2014 Financial Statements
The committee reviewed July's balance sheet and income statement prepared by administration. The discussion focused on A/P aging, technology related purchases, variances in revenue and expenses.
B.
July HOS Credit Card Statements
The Head of School's credit card statements were reviewed for the month of July.
C.
July's Check Reporting
The check register for July was reviewed. Administration responded to questions regarding specific cash disbursements and receipts from the committee.
D.
Update on Bunche Campus Funding
Administration responded to various questions regarding actual student count, advance funding, current liabilities, and MFP funding.
E.
Discussion of Annual Goals Timeline
The committee discussed annual goals and realistic deadlines for achieving those goals.
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 7:03 PM.
Respectfully Submitted,
D. Drucker