Welcome and Call to Order

The meeting will be called to the order at 2:04 pm by Mr. Thorn.

Approval of August 2024 Minutes

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.

Financial Statement

Prestige

The JICHS Finance Committee discussed financial updates, including

• Andrew Cilone discusses the pending information from CCSD, including student billing and transportation billing, which will affect the cash flow.
• The September Financials will show a $300k move from Ameriprise (investment) to our General Operating Acct. to reflect 60 days of cash on hand instead of 53 days.
• The balance sheet shows a prepaid expense of 646, which will be discussed in more detail later.
• Local revenues are ahead at 77%, state revenues are at 84%, and federal revenues are also at 84%.
• The ERC grant funding is still being determined for inclusion in last year's budget.
• Andrew Cilone mentions the need to adjust the budget for liability insurance, which came in higher than expected.
• The overall budget was not changed, but items were split out based on spending categories. (Band removed from Athletics and some Instructional Services shifts)
• Construction items, including retainage, were discussed, with a final bill of about 23,000 expected for the turf project.
• The operating net income is expected to be lower due to construction billing items, but overall expenses and revenues are in good shape.

Athletics: Championship-Related Expenses

Athletics is requesting $60,000 to be transferred to the U10 Account to cover the cost of state championship-related competitions over the past 2 years. 

The cost of rings for the Baseball, Cross Country, and Wrestling State Championship teams, charter busses, food, referees, entry registration fees, camps, and other expenses.

The Trojan Club's involvement in covering expense was mentioned. The 60% split in the boards was mentioned as well.

Mr. Stokes suggested that the A.D. and Assistant A.D. create a list of expenses incurred in FY 23 and FY 24 caused by state championships that are outside the norm.

The Meeting was Adjourned

The meeting adjourned at approximately 2:36 pm