FINANCE AND AUDIT COMMITTEEPUBLIC MEETINGAGENDAWednesday, April 03, 2024 at 4:00 P.m. - 5:00 P.m.School Board Office1040 Hollywood Road SKelowna, BCFinance and Audit Committee agendas can be accessed through the following electronic Board Meeting site: https://pub-sd23.escribemeetings.com/ The Central Okanagan Board of Education acknowledges that this meeting is being held on the unceded, Traditional Territory of the Okanagan People. 1.AGENDA Additions/Amendments/Deletions2.REPORTS/MATTERS ARISING 2.1Finance and Audit Committee Public Meeting Report - February 21, 2024 1.2024-02-21 Finance and Audit Report.pdf(Attachment)3.RECOGNITION/PRESENTATIONS/DELEGATIONS 4.PUBLIC QUESTION/COMMENT PERIOD 5.COMMITTEE MEMBERS QUERIES/COMMENTS 6.DISCUSSION/ACTION ITEMS 6.1Trustee Indemnity for the 2024/2025 Fiscal Year 1.24-Action Item (2024-2025 Trustee Indemnity).pdf2.24 BC CPI (12-Month Average).pdf(Attachment)STAFF RECOMMENDATION:THAT: The Finance and Audit Committee recommends to the Board:THAT: The Board of Education set the Trustee Indemnity, in accordance with the most recent BC Consumer Price Index of 3.7% for the period July 1, 2024 to June 30, 2025 thereby setting the stipend at: Trustee - $24,941, Vice Chair - $26,341, Chair - $28,469.7.DISCUSSION/INFORMATION ITEMS 7.1Central Okanagan Public Schools Superintendent of Schools/CEO 2024/2025 Budget Proposal Report 1.Superintendent of Schools-CEO Budget Proposal 2024-2025 (April 3 FA Meeting) DRAFT.pdf(Attachment)7.22024/2025 Estimated Ministry of Education and Childcare Grant Funding 1.24-25 Estimated MECC Grant Funding (1).pdf(Attachment)7.32024/2025 Public Budget Survey Results 1.24-Info Item (F25 Public Budget Survey Results).pdf2.25-Public Budget Survey Responses (Detailed) updated.pdf(Attachment)7.4Purchasing Administrative Procedure Update 1.24-Info Item (Purchasing Admin Procedure Update).pdf2.Policy 206 - Purchasing.pdf3.Admin Procedure - Purchasing (29-Mar-24).pdf(Attachment)8.COMMITTEE CORRESPONDENCE 9.ITEMS REQUIRING SPECIAL MENTION 10.RECOMMENDATIONS/REFERRALS TO THE BOARD/COORDINATING COMMITTEE/OTHER COMMITTEES 11.ITEMS FOR FUTURE FINANCE AND AUDIT COMMITTEE MEETINGS April (2nd Meeting) Central Okanagan School District Preliminary Budget Proposal – Superintendent’s Budget Recommendations Financial Report at March 31st May Auditor’s Report to the Finance and Audit Committee – Initial Communication on Audit Planning for the Year Annual CommunityLINK Allocations Financial Update - International Education Program Financial Update - Feeding Futures Program June School District No. 23 (Central Okanagan) Annual Budget for the Fiscal Year 2023/2024 Accumulated Operating Surplus Review Proposed Multi-Year Financial Plan (2024/2025 to 2026/2027) Annual Review of Financial Planning and Reporting Policy 12.FUTURE FINANCE AND AUDIT COMMITTEE MEETINGS - Wednesday, April 17, 2024, 4:00 pm- Wednesday, May 15, 2024, 4:00 pm- Wednesday, June 19, 2024, 4:00 pmMain Board Room1040 Hollywood Rd. S., Kelowna13.MEDIA QUESTIONS 14.ADJOURNMENT No Item Selected This item has no attachments.1.24-25 Estimated MECC Grant Funding (1).pdf1.2024-02-21 Finance and Audit Report.pdf1.24-Info Item (Purchasing Admin Procedure Update).pdf2.Policy 206 - Purchasing.pdf3.Admin Procedure - Purchasing (29-Mar-24).pdf1.24-Info Item (F25 Public Budget Survey Results).pdf2.25-Public Budget Survey Responses (Detailed) updated.pdf1.24-Action Item (2024-2025 Trustee Indemnity).pdf2.24 BC CPI (12-Month Average).pdf1.Superintendent of Schools-CEO Budget Proposal 2024-2025 (April 3 FA Meeting) DRAFT.pdf