Board of Directors Regular Meeting Agenda


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Meeting Date: 11/19/2014  

Receive, consider and act upon the Financial Report;
The financial report is presented at the second Board meeting of each month (Wednesday evening), which typically falls in the last week of the month.  Due to the Thanksgiving holidays, the second Board meeting for November is being held a week earlier on November 19.  In order to prepare an accurate financial report, adequate time is needed to make proper accruals, reconcile balance sheet accounts, confirm beginning and ending cash balances, and process all closing entries in the general ledger.  This process typically takes the accounting staff 12 - 15 business days to accomplish, which means the October financial report will not be completed until November 18 or 19.  While this schedule does not allow us to include the financial report with the other materials that will be available to the Board of Directors on November 14 in preparation for the November 19 meeting, the financial report will be completed and ready for presentation at the Board meeting on November 19.   
Oct Fin


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