Welcome and Call to Order

The meeting will be called to the order at 2:06 PM by Mr. Thorn.

Approval of 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.

Financial Statement

Prestige

The JICHS Finance Committee discussed the financial updates. Andrew Cilone discussed the upcoming numbers from the 45-day count, which will give us an idea of what the funding in January will officially look like.

Because of construction expenses and the final ESSER expenditures there has been a greater cash expense over the last two months, reflected in the operating account and the Ameriprise account which is from the $300K transfer to the Operating account.

We currently have 40 days COH instead of 60 days COH. Mr. Thorn approved the money transfer from the Ameriprise account to the General Operating account to bring us closer to 60 days COH. Overall, between both accounts, we still have 120 day cash on hand.

Construction projects, including retainage, were discussed.

The operating net income is expected to be lower due to construction billing items, but overall expenses and revenues are in good shape.

Local revenues are ahead at 65%, state revenues are at 77.5%, and federal revenues are at 74.8%.

The Meeting was Adjourned

The meeting adjourned at approximately 2:30 pm