Motion to adjourn
By: Katie Cota Seconded by: Tamara Richards
There was no notable discussion on the motion.
The Museum School
Finance Committee
Regular Meeting - Tuesday March 12th, 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 |
| Josh Horne | not present member | ||
| Danielle Royden | not present member | ||
| Tamara Richards | present member | On Time | At Adjournment |
| Tish Craig | present member | On Time | At Adjournment |
Tax Return Update
Katie will circulate a draft ahead of the next meeting for the committee's review.
Monthly Financials
The committee discussed the monthly financials. Tish will add the accruals for payroll -- March is a three payroll month. There will be a reconciliation of student lunch accounts payable and there will be a true-up noted in March. Katherine is putting together a personnel budget for 2019-2020. The finance committee will start reviewing a 2019-2020 school budget at the next meeting to be finalized in time to present at the May or June board meeting. Katie circulated the estimated budget that was used for the Executive Director position financial analysis and talked through some of the assumptions that were made.
Media Center Funding
Conversations are still continuing between Josh and Tish to get cash-flow projects for the Media Center. Alan and/or Josh will be invited to our next meeting to give a detailed update in order for the committee to fully understand the cash needs for the remaining construction. At that point, the committee will have a better understanding of when/if the Line of Credit will need to be used.
The Meeting was Adjourned
The meeting adjourned at approximately 8:16 pm