DRAFT Minutes - Special Finance Committee - February 11, 2025
DRAFT MINUTES UNTIL APPROVED AND FINAL
BOARD OF TRUSTEES
SPECIAL FINANCE COMMITTEE MEETING
Tuesday, February 11, 2025
11:30 am
Virtual Meeting
Minutes
TRUSTEES PRESENT: Diana Boisclair; Bryan Hayes; Chris Jewell; David Kalla and Denise Lindell
ADMINISTRATION PRESENT: Head of School, Nathan Quesnel; Director of Finance, Rich Freeman; Controller, Sharon Lent; Executive Director of Foundation, Kathy McCarthy; and Recorder, Mary Vega
INVITED GUESTS: Melanie Ballestas, CLP; Matt Wise, CLP
1. Call to Order—D. Lindell called the meeting to order at 11:33 a.m.
2. Approval of Minutes
Motion by D. Kalla, seconded by C. Jewell to approve the January 2, 2025 Special Finance Committee Meeting Minutes. Vote: All in favor Motion passed
3. Audit Update
N. Quesnel introduced Melanie Ballestas and Matt Wise, auditors from Clifton Larson Allen, LLP (CLP). Both Melanie and Matt presented high level audit results to the committee.
4. Executive Session
Motion by D. Lindell, seconded by D. Boisclair, to go into executive session at 12:05 p.m. for discussion regarding a Personnel Matter. Vote: All in favor Motion passed
(N. Quesnel was invited to attend.)
Motion by C. Jewell, seconded by D. Boisclair to come out of Executive session at 12:12 p.m.
Vote: All in favor Motion passed
5. January Finance Report
N. Quesnel and R. Freeman reviewed report with Committee.
6. Other Topics of Interest
a.) N. Quesnel reviewed the Prior Year Reserve Balance Sheet
b.) N. Quesnel provided an update on residential housing options
7. Adjournment of Meeting
Motion by D. Boisclair, seconded by D. Kalla to adjourn the meeting at 12:45 p.m.
Vote: All in favor Motion Passed
Respectfully submitted,
Mary E. Vega
Recorder
Approved: