Meeting Summary

The Finance Committee met on Thursday June 13th, 2024 @6:30 PM for what was scheduled to be a 0 hours and 53 minutes long meeting. Present: Janelle Wilhite, Suzette Arnold, Dr. Lenise Bostic, Mr. Dennis, Jatoyia Franklin Not Present: none

The members considered the following items:

1. Welcome and Call to Order
2. Audit Update
3. FY 25 Budget Review
4. Approval of Agenda
5. Adjourn

The committee considered 11 motions, of which 10 passed, and 0 failed:

1. Motion to add executive session to the agenda. (passed)
2. Move to reduce the equipment expense by $229,788.74 for the FY25 budget (passed)
3. Move to reduce the building expense by $677,997 for the FY25 budget. (passed)
4. Move to reduce the supplies expense by $171,872.46 for the FY25 budget. (passed)
5. Move to reduce contractor expenses by $488, 551.86 for the FY25 budget. (passed)
6. Move to reduce the software expense by $30,376.19 for the FY25 budget. (passed)
7. Move to reduce other expenses by $129, 406. 02 for the FY25 budget. (passed)
8. Move that we table the discussion on the benefits expense until the next finance meeting. (passed)
9. Move that we table the salary to the next committee meeting. (passed)
10. Approve the agenda as submitted (proposed)

11. Move to adjourn the meeting @ 9:14 pm (passed)

    The meeting adjourned at 10:56AM