Opening items

Please begin thinking about goals that the finance committee could/should pursue for the next school year.

Please review and be ready to discuss. Please also ask any questions you may have.

Martha will discuss some line items in the 16-17 budget that may need to be changed/revised/re-approved by board.

Martha will present her ideas on improving transparency and accounting for invoices received by LIU for technology purchases/services. This also ties to prior months' discussions on how to improve transparency for contracts that are pay-as-you-go.

In the past, the board treasurer prepared monthly summaries of Vida's financial health by using data provided in the monthly financials and collected from admin office. The board is now tasking the administrative office with preparing this monthly report using the same data sources and presenting it to the board at monthly board and/or committee meetings. The board treasurer will provide samples and templates of previous months' reports to the administrative office.

Admin will present any funds used to reimburse staff for graduate credit and/or any new approvals for graduate study for the coming semester as well as the impact of these items on the budget.

Martha will present her ideas for special ed and gifted education next year.

Ryan will discuss the need to change the designations of our committed funds to better reflect how we have and intend to use the reserved fund balance.