John Wood Community College Finance and Audit Committee met April 15.
Here is the minutes provided by the committee:
The Finance and Audit Committee met on Wednesday, April 15, 2020, at 4:30 p.m., via Zoom. Present were Bob Rhea and Andy Sprague; trustees, Michael Elbe; president, Josh Welker; dean of business services & institutional effectiveness, Susan Fifer; director of fiscal services, and Jenny Venvertloh; note taker.
1. Bills for Payment - The bills were reviewed and will be recommended for payment.
2. Approval of Out of District Travel – The committee reviewed the out of district travel forms that have been submitted and recommended them for approval. Some of the requests received may be postponed or cancelled.
3. Financials – Financials were reviewed and will be recommended for approval.
4. Review Investments – The investment report was reviewed.
5. Board Items
a. Gymnasium Sound System Request for Proposals – The recommendation is to award Live Space, with the option 2 in the amount of $80,793.35. Part of this amount will be paid with grant dollars.
b. MOU – rewording and clarification of various items were needed in the Collective Bargaining Agreement due to the COVID-19 moving classes to online.
c. Compensation Plan – will be going to the Board for approval.
6. Other – the College is looking into various funding such as an Economic Grant, the CARES Act, FEMA, etc.
https://www.jwcc.edu/board-of-trustees/agendas-minutes/finance/
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