DRAFT MINUTES
STATEWIDE
INDEPENDENT
LIVING COUNCIL
Finance
Committee
Wednesday,
November 17,
2010
1:30–3:00 PM
20 Nobert
Street, Warren,
RI 02885
Members Present: Madeline
Colon; Rick Costa; Liz Graves; Jack
Ringland; Barbara Rozul, Treasurer/Committee Chairperson; Heidi
Showstead.
Staff Present: Camille Pansa,
Administrator; Lisel
Rockwood, Assistant to the Administrator.
1.
Approval of minutes for
September 10,
2010 meeting: A motion was made by Heidi
Showstead and
seconded by Madeline Colon to accept the minutes as written. Vote passed unanimously.
2.
Review of FY 2010 final
budget: The
committee reviewed the three year
budget. There is a surplus of $6200.75 which will be returned to the
Department
of Human Services. As of this meeting, the first quarter of funds from
the new
three year contract have not been received. Funds have been borrowed
from the
Line of Credit at the bank to pay operating costs.
3.
Audit: Camille Pansa reported
that future
contracts will not require an audit. Although it is hoped that the
audit
requirement for FY 2010 contract will not be required, the Council is
still
awaiting an official determination. The Council has also been informed
that a
budget revision will not be needed.
4.
Continue new Budget FY
2011-13
Projection:
The committee
reviewed the upcoming budget by line item and made corrections and
changes to
the projections where necessary.
5.
Update written policies: Financial
Procedures and Business Procedures
were read aloud and necessary changes were made mostly due to staff
position
changes, staffing hours, and office relocation. Suggested changes will
be
forwarded to the Executive Committee.
6.
New/old Business: none.
Respectfully submitted,
Rick Costa,
Secretary