Approve June 2024 Finance Meeting Minutes

For Approval.

Approval of Agenda

So that there is agreement between board members on the agenda, and the amount of time spent on the meeting, the board shall vote to approve an agenda for the meeting. To the best of its ability, it will follow that agenda, and allow for the chair to move the board through the agenda as specified.

Welcome and Call to Order

The meeting will be called to the order at 2:16 PM by Mr. Thorn.

Financial Statement

July Financial Statement:

• Some funds were moved to cover chromebook and other technology expenses.
• Prestige is preparing for our audit. We reviewed with 62 days cash on hand with healthy investment revenue.
• Financial reports closely predicted how the FY 24 ended.

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• Band and Pupil Services (Athletics) will be separated out FY 25 to have more accurate data on both programs.
• The Auditor report should be completed by Oct./Nov.
• Enrollment that includes our District 3 High Schools is 1,679. We expect 40 students to be dropped in the next few days. Once those two things are factored in, we should be back down to a more normal enrollment.
• $9,167.00 is the current Per Pupil Allocation (PPA) for first semester.
• The new PPA estimate will be closer to $10,001.00 and be solidified in Dec./January.
• "As we get in to the new school year, the higher salaries are being paid from our cash flow which will trend negative. Our fund balance investment accounts will still be positive and hopefully grow (depending on the market).

The Meeting was Adjourned

The meeting adjourned at approximately 2:36 pm