MCCPS Board of Trustees
Minutes
Finance Committee Monthly Meeting
Date and Time
Thursday July 20, 2023 at 11:00 AM
Location
For Remote Participants - Quorum must be present in person
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Please note that the in-person meeting will not be suspended or terminated if technological problems interrupt the remote connection.
Committee Members Present
Jeff Barry, Julie Santosus, Molly Teets, Rodolphe Herve, Stephanie Brant
Committee Members Absent
None
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
| Roll Call | |
|---|---|
| Rodolphe Herve |
Aye
|
| Julie Santosus |
Aye
|
| Stephanie Brant |
Aye
|
| Jeff Barry |
Aye
|
| Molly Teets |
Aye
|
II. Financial Statements Discussion
A.
Committee review of Previous Month's Financial Statements
B.
Discussion on 2023/2024 Budget
The Finance Committee reviewed 2 budgets:
- one with an enrollment of 200 students, and net surplus of ~$106K
- one with an enrollment of 190 students, and net deficit of ~$83K
In the end, the Finance Committee decided to approve and submit to the Board a budget with enrollment of 195 students and a slight break even.
| Roll Call | |
|---|---|
| Jeff Barry |
Aye
|
| Molly Teets |
Aye
|
| Stephanie Brant |
Aye
|
| Rodolphe Herve |
Aye
|
| Julie Santosus |
Aye
|
III. Other Business
A.
Finance Committee members should agree date of next meeting
This meeting will tentatively occur the Friday before every Board meeting.
IV. Closing Items
A.
Adjourn Meeting
- FinCom notes June 2023.docx
- MCCPS-June-2023-Financial Statements v1.xlsx
The discussion tracked with the documents provided. MCCPS finished the 2022-2023 school year with a slight surplus of ~$175K.
Audited accounts are due to the State by November 1, 2023.