Motion to adjourn
By: Tamara Richards Seconded by: Tish Craig
There was no notable discussion on the motion.
The Museum School
Finance Committee
Regular Meeting - Tuesday October 8th, 2019 @7:00 PM
Meeting Minutes
Attendance Summary
| Name | Status | Arrival Time | Departure Time |
|---|---|---|---|
| Katie Cota | present chair | On Time | At Adjournment |
| Shelina Ali | present member | On Time | At Adjournment |
| Judith Wohl | present member | On Time | At Adjournment |
| Danielle Royden | present member | On Time | At Adjournment |
| Tamara Richards | present member | On Time | At Adjournment |
| Tish Craig | present member | On Time | At Adjournment |
| Laci Hood | not present member | ||
| Mike Stewart | not present member |
Monthly Financials
Revenue: QBE funding leveled off to monthly actual Expenses: Personnel: $3K increase for certified teachers including retro pay for 3 pay periods; Instruction: 2 months of Expedition buses as well as year long Alliance agreement; Services and Supplies: Food Service low due to Fall Break; Staff & Board Development budgeted but not utilized yet.
Audit Update
The committee resolved the remaining audit items and finalized the list of comments to the auditors. The committee expects a final draft of the audit by Friday, October 11 for review and approval by the committee before presentation to the board on Tuesday, October 15.
The Meeting was Adjourned
The meeting adjourned at approximately 9:02 pm
Business Manager Updates
Dekalb County is performing an internal audit. They visited TMS on October 3. They have provided TMS with a list of items they will be checking as part of the audit. The finance committee will continue to support the leadership of the school to ensure compliance. Tish is moving $2500 to each money market account so the bank does not charge a monthly fee for those accounts.