Meeting Summary

The Finance Committee met on Tuesday May 18th, 2021 @6:00 PM for what was scheduled to be a 2 hours and 1 minutes long meeting. Present: Kimnese Abdul-Salaam, Bridgett Bell, Willie G. Davis, Jr., Virginia Smith, Mitch Foster II, Ishmael Abdul-Salam Not Present: none

The members considered the following items:

1. Public Meeting Details
2. Welcome and Call to Order
3. Approval of Agenda
4. Approval of Minutes from March 23, 2021
5. Approval of Minutes from April 20, 2021
6. PTO Financials
7. Financial Review
8. Facility Improvements
9. Fundraiser, Sponsorship, & Grant Updates
10. Future Business

The committee considered 9 motions, of which 8 passed, and 0 failed:

1. Approve the agenda as submitted (passed)
2. Approve the minutes from the March 23, 2021 meeting as presented. (passed)
3. Approve the minutes from the April 20, 2021 meeting as presented. (passed)
4. Approve the IB Program for the initial and first years not to exceed $13,500. (tabled)
5. Approve the FY 2021-2022 budget as presented. (passed)
6. To approve the adjustment in health benefits plan (Cigna) at a 20.9% increase to be split between employer and employee. (passed)
7. To waive the book dues/fines to include late fees and book replacement fees that were incurred prior to FY21. (passed)
8. Approve the facility repairs for summer projects not to exceed $25,000. (passed)

9. Extend the current janitorial services vendor through June 30, 2021. (passed)

   The meeting adjourned at 7:04PM