International School of Louisiana Board of Trustees
Minutes
Finance Committee Meeting
Date and Time
Tuesday May 19, 2015 at 5:30 PM
Location
Camp St. Library
Committee Members Present
D. Bordson-Bozzo, D. Drucker, M. Tennyson
Committee Members Absent
S. Chapman
Guests Present
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 May 19, 2015 at 5:35 PM.
II. Finance
A.
March 2015 Financial Statements
Administration responded to questions regarding line of credit, the booking of prepaid expenses, and timing of revenue streams.
B.
March 2015 HOS Credit Card Statements
Committee agreed that credit card charges fell within parameters of authorized expenditures.
C.
March's Check Reporting
Administration responded to questions regarding various disbursements.
III. Other Business
A.
Timeline for Budget (final version) meeting
Committee agreed to schedule public discussion of 2015-16 budget on June 16, 2015.
B.
Cash Flow
Committee discussed cash flow projection through the end of 2014-15 school year.
C.
Review Draft version of 2015-16 budget
Administration responded to questions regarding the basis of student counts, MFP funding, payroll expenditures, and major expense categories accounting for majority of budget.
IV. 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 7:25 PM.
Respectfully Submitted,
D. Drucker