Finance Committee – 02.08.23

Finance Committee Meeting

Agenda 

Wednesday February 8, 2023 at 12 PM

Microsoft Teams Online Meeting  – Click here to join the meeting

Meeting ID: 298 602 125 661 

Passcode: DsuTpF

1. Call to Order (Time & Attendance) / Approval of Meeting Agenda
2. Approval of Minutes from December 14, 2022 Committee Meeting
3. Monthly Financial Report – by Lori Kaari
   • First half fiscal year 22-23 review.
4. Old Business
   • GAAP financial reporting template update
   • 5YR Projection Discussion
     1. Prelim to be presented to the Board in March 15, 2023 meeting.
     2. Bonding process update / financial benchmarking
   • 22-23 facilities expansion business case
     1. Capital budget for both modular expansion and West basement buildout
     2. Operational expenses (increases in lease, utilities, maintenance)
   • Accounting Policy Updates
     1. Updated to budgeting calendar
5. New Business
   • 22-23 Prelim Budget to be presented to the Board in March 15, 2023 meeting
6. Confirmation of next meeting (2nd Wed of the month – March 8, 2023 12-1PM)
7. Motion to adjourn