The committee will review two updated financial oversight documents prepared by AAFCPAs:

• Updated Financial Ratios – revised financial health indicators used to monitor organizational stability, compliance, and long-term fiscal planning.
• Updated Management Letter – includes audit observations and recommendations, along with a newly added section addressing federal grant final reporting requirements, which will be explained in detail during the meeting.

The committee will discuss a memo outlining:

• Implications of the recent government shutdown on federal entitlement grants
• Proposed FY27 federal entitlement grant cuts
• Broader context around state and federal education funding pressures

Lynne will present the September financial statements and provide an overview of the organization’s current fiscal position, including revenue, expenditures, and cash flow updates.

The committee will review the redlined version of the updated Fiscal Policies and Procedures document. Revisions include updated terminology for clarity and compliance, strengthened procedural language, and adjustments based on recent operational and audit feedback.

If the committee is in agreement with the revisions, the Finance Committee Chair should plan to recommend approval at an upcoming full Board meeting prior to May 2026.

The following appendices will also be reviewed as part of this agenda item:

• Position Key – outlines fiscal roles and responsibilities across the organization.
• Chart of Accounts – provides updated account coding and structure for reporting.
• Credit Card Accounts and Authorized Users – lists all current cardholders and associated controls.

These appendices support and operationalize the Fiscal Policies and Procedures and should be reviewed in conjunction with the main document.

Each committee will dedicate 15 minutes at the end of their November meeting to review the CEO's annual goals and provide feedback to be shared at the December Board meeting. The discussion will focus on alignment with organizational priorities and any committee-specific insights or recommendations.