Meeting Details
January 9, 2023
6:00pm - 6:15pm
15 min
Mt. Vernon Administrative Service Center
Purpose
N/A
1.
Pledge of Allegiance (6:00 PM)
Minutes
Mrs. Kellie Freeman led the Pledge of Allegiance.
2.
Call to Order
Minutes
Mrs. Kellie Freeman called the meeting to order at 6:01pm
Mr. Phil Edwards is joining in via Zoom
3.
Adoption of Agenda
Minutes
Motion to adopt the agenda was made by Mrs. Walls. Mr. Gray seconded the motion.
Motioned: Mrs. Shannon Walls, Board Member
Seconded: Chad Gray, School Board Member
| Voter | Yes | No | Abstaining |
|---|---|---|---|
| Mrs. Kellie Freeman, Board President | X | ||
| Mr. Tony May, Board Member | X | ||
| Mrs. Shannon Walls, Board Member | X | ||
| Chad Gray, School Board Member | X | ||
| Phil Edwards, School Board Member | X |
4.
Board of Finance
(1) The board must elect a president and secretary (See IC 5-13-7-6) (2) The board must review a written report that summarizes the investments made by the school corporation during the 2022 calendar year. The written report must be prepared by the investment officer. (See IC 5-13-7-7.) (3) The board must review the overall investment policy of the school corporation. (See IC 5-13-7-7). (4) The board must receive and review a written report on the financial condition of the school corporation. This report must be given by the superintendent or the superintendent's designee. In reporting on the school corporation's financial condition, the superintendent/designee must use the fiscal and qualitative indicators determined by the fiscal and qualitative indicators committee. (See IC 5-13-7-8).
4.1
Annual Requirements for School Finance Committee
Minutes
Mrs. Elkins presented the following:
(1) The board must elect a president and secretary (See IC 5-13-7-6) (2) The board must review a written report that summarizes the investments made by the school corporation during the 2022 calendar year. The written report must be prepared by the investment officer. (See IC 5-13-7-7.) (3) The board must review the overall investment policy of the school corporation. (See IC 5-13-7-7). (4) The board must receive and review a written report on the financial condition of the school corporation. This report must be given by the superintendent or the superintendent's designee. In reporting on the school corporation's financial condition, the superintendent/designee must use the fiscal and qualitative indicators determined by the fiscal and qualitative indicators committee. (See IC 5-13-7-8).
4.2
Resolution 2023-01 Authorizing a Board of Finance for 2023
Minutes
Mr. Elkins presented Resolution 2023-01 to estable a Board of Finance and a Board of Trustees, for approval.
Motioned: Mrs. Shannon Walls, Board Member
Seconded: Chad Gray, School Board Member
| Voter | Yes | No | Abstaining |
|---|---|---|---|
| Mrs. Kellie Freeman, Board President | X | ||
| Mr. Tony May, Board Member | X | ||
| Mrs. Shannon Walls, Board Member | X | ||
| Chad Gray, School Board Member | X | ||
| Phil Edwards, School Board Member | X |
4.3
Resolution 2023-02, Investment Policy, and 2022 Earnings
Minutes
According to policy F200, Mr. Elkins presented Resolution 2023-02 for approval of investment policy and accepted the and interest earnings statement for 2022.
Motioned: Mr. Tony May, Board Member
Seconded: Mrs. Shannon Walls, Board Member
| Voter | Yes | No | Abstaining |
|---|---|---|---|
| Mrs. Kellie Freeman, Board President | X | ||
| Mr. Tony May, Board Member | X | ||
| Mrs. Shannon Walls, Board Member | X | ||
| Chad Gray, School Board Member | X | ||
| Phil Edwards, School Board Member | X |
4.4
School Corporation Fiscal Indicators Review
Minutes
Mr. Elkins presented the School Fiscal Indicators for 2021-2022 school year. This report is available to the public on the school fiscal indicators website and in not a local generated report.
5.
Adjournment
Minutes
Mrs. Walls made a motion to adjourn the meeting at 6:07pm. Mr. Tony May seconded.
Motioned: Mrs. Shannon Walls, Board Member
Seconded: Mr. Tony May, Board Member
| Voter | Yes | No | Abstaining |
|---|---|---|---|
| Mrs. Kellie Freeman, Board President | X | ||
| Mr. Tony May, Board Member | X | ||
| Mrs. Shannon Walls, Board Member | X | ||
| Chad Gray, School Board Member | X | ||
| Phil Edwards, School Board Member | X |
