John Wood Community College Board of Trustees Finance & Audit Committee met Nov. 11.
Here is the minutes provided by the committee:
The Finance Committee met at 8:30 a.m., at John Wood Community College. Present were Andy Sprague and Randy Greenwell; trustees, Josh Welker; Dean of Business Services & Institutional Effectiveness, Mike Elbe; president, Nora Klingele, director of fiscal services, and Jenny Venvertloh; note taker.
1. Bills for Payment - The bills were reviewed and will be recommended for payment.
2. Financials - The financials were reviewed and will be recommended for approval.
3. Board Budget – The board budget was reviewed.
4. President’s Expense Account – The President’s expense account was reviewed. It was discussed in Cabinet to use a portion towards an appreciation token to staff and faculty.
5. Review & Discuss Investments - The investment report was reviewed. Proposals will be sent out at the beginning of December for additional CD’s. Mr. Welker continues to research a plan for optional investments.
6. Board Items
• Tax Levy –A Resolution Regarding the Truth in Taxation Act is being taken to the Board to adopt. The 2020 tax levy will not exceed 105% of the 2019 tax levy, and the overall tax rate is projected to remain flat.
7. Other
• Approval of Travel Request – The committee reviewed an out of district travel form that has been submitted and recommended it for approval.
https://www.jwcc.edu/about/board-of-trustees/board-agendas-minutes/#finance-committee
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