Lynne explained an increase to the fee based on the change of a network team position and incremental cost of living raises.  We will push this item to the November committee meeting for further discussion with the committee and then present to the full Board for discussion and approval.

Lynne highlighted information about revenue related to enrollment numbers, entitlement grant increases, the Barr Foundation grant and the Safety Initiative grant that was recently received which have impacted operating costs and increases to some expense costs related to organizational development, recruitment, leadership and professional development as well as capital improvements.  The committee discussed potentially revising the operating budget due to the increased revenue and corresponding expenses  - Finance Committee will discuss at the next meeting and determine if it is necessary to have the board approve a revised FY20 budget.

The committee discussed current pan and future needs for capital improvements. Finance Committee will present the updated Capital Plan to the Board at the next meeting for their approval so Lynne can move forward on the Entryway and Roof projects.

Lynne gave an update on her review of the audit check list that Denise had shared for her consideration. Lynne has not completed a full audit using the report and will need to include more operations and technology team members Denise suggested that Lynne, the Operations Team and IT company will review the questions, respond, make note of any next steps and plan to report back to Finance Committee at the next meeting.