Meeting Details
January 8, 2024
7:00pm - 7:15pm
15 min
Mt. Vernon Administrative Service Center
Purpose
N/A
1.
Pledge of Allegiance (7:00 PM)
Minutes
Mr. Chad Gray led the Pledge of Allegiance.
2.
Call to Order
Minutes
Mr. Chad Gray called the meeting order at 7:01pm
3.
Adoption of Agenda
Minutes
Mrs. Walls made a motion to approve the agenda. Mr. Edwards seconded the motion. Motion carried 5-0
4.
Board of Finance
4.1
Annual Requirements of School Finance Committee
(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 2023 calendar year. The written report must be prepared by the investment officer.
(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.)
Minutes
Mr. Elkins presented the annual requirements for Annual School FInance Committee. He shared the summary of investments, the current school policy on investments and overall status of the financial health of the corporation.
4.2
Resolution 2024-01 Authorizing a Board of Finance for 2024
Minutes
Mr. Elkins shared Resolution 2024-01 authorizing a Board of FInance for 2024. Mrs Walls motion to approve Resolution 2024-01. Mrs. Freeman seconded the motion. Motion carried 5-0
4.3
Resolution 2024-02, Investment Policy and 2024 Earnings
Minutes
Mr Elkins reviewed the interest earnings for 2023 and F200 the Investment Income Policy. Mr. Elkins asked for approval of Resolution 2024-02, Investment Policy and 2024 Earnings. Mr Edwards motioned to approve Resolution 2024-02. Mrs Wall seconded the motion. Motion carried 5-0.
4.4
School Corporation Fiscal Indicators Review
https://www.in.gov/duab/fiscal-indicators-committee/school-corporation-fiscal-indicators2/
Minutes
Mr Elkins presented the Annual Fiscal Indicators report. Mrs Freeman commented she appreciated all the hard work on getting this report current and up to date.
5.
Adjournment
Minutes
Mrs. Walls made a motion to adjourn the meeting. Mr. Edwards seconded the motion. Motion carried 5-0. Meeting adjourned 7:10pm.
