March 7, 2018 at 12:00 PM - Finance, Audit, and Budget Committee Meeting
| Finance, Audit & Budget Committee | |
| Attendance Taken on 3/7/2018 at 12:11 AM | |
| Greg Barnes | Present |
| Geraldine Erickson | Absent |
| Mowinkel ESU 08 | Present |
| Dr. Bill Heimann | Present |
| Dr Kraig Lofquist | Present |
| Dr. Dan Schnoes (NE) | Present |
| Liz Standish | Absent |
| Present: 5, Absent: 2 | |
| Minutes | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
1. Call to Order
Speaker(s):
Committee Chair
Agenda Item Type:
Information Item
Discussion:
Meeting called to order at 12:10 p.m.
|
||||||||||||||||||||||||
|
2. Roll Call
Speaker(s):
Committee Chair
Agenda Item Type:
Procedural Item
|
||||||||||||||||||||||||
|
3. Agenda Item
Speaker(s):
Committee Chair
Agenda Item Type:
Information Item
|
||||||||||||||||||||||||
|
3.1. Approve Claims, Financials Statements, and Assets for Month of February
Speaker(s):
Committee Chair
Agenda Item Type:
Action Item
Action(s):
No Action(s) have been added to this Agenda Item.
Attachments:
()
|
||||||||||||||||||||||||
|
3.2. Approval of February Expenses to be paid in March
Speaker(s):
Committee Chair
Agenda Item Type:
Action Item
Action(s):
No Action(s) have been added to this Agenda Item.
Attachments:
()
|
||||||||||||||||||||||||
|
3.3. Monthly Staff Budget Meeting
Speaker(s):
Committee Chair
Agenda Item Type:
Information Item
Discussion:
Monthly budget meeting was held on March 1st at 10:00 a.m.
|
||||||||||||||||||||||||
|
3.4. ESUCC State Audit
Speaker(s):
Committee Chair
Agenda Item Type:
Information Item
Discussion:
Executive Director discussed the state audit which is currently in process. The audit will include the Federal audit within the state audit at no additional costs. Reviewing statutes regarding state audits.
Attachments:
()
|
||||||||||||||||||||||||
|
3.5. MSA 2018-2019
Speaker(s):
Executive Director Ludwig
Agenda Item Type:
Information Item
Links:
|
||||||||||||||||||||||||
|
3.5.1. BlendEd
Speaker(s):
Executive Director Ludwig
Agenda Item Type:
Information Item
Discussion:
Within the ESUCC Budget were three line items for PD Blended totaling $19,050. The three line items included: Printing ($300), AV Materials ($750) and Travel and Conference ($18,000: iNacol 3 participants, NROC 2 participants.)
As per previous conversations, these three line items will not be included within the 2018-19 Budget due to the Innovative Grant funding and process for sustainability for BlendED. |
||||||||||||||||||||||||
|
3.5.2. SRS
Speaker(s):
Executive Director Ludwig
Agenda Item Type:
Information Item
Discussion:
|
||||||||||||||||||||||||
|
3.6. Economic Forecast Board
Speaker(s):
Executive Director Ludwig
Agenda Item Type:
Information Item
Discussion:
Executive Director gave an update on revenue and budget cut projections.
Executive Director gave an update regarding SRS and the Illini Cloud, which could possibly be a revenue source for ESUCC. |
||||||||||||||||||||||||
|
4. Next Meeting Agenda Items
Speaker(s):
Committee Chair
Agenda Item Type:
Information Item
|
||||||||||||||||||||||||
|
5. Executive Session
Speaker(s):
Committee Chair
Agenda Item Type:
Information Item
|
||||||||||||||||||||||||
|
6. Adjournment
Speaker(s):
Committee Chair
Agenda Item Type:
Procedural Item
Discussion:
Meeting adjourned at 12:32 p.m.
|
