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August 31, 2020 at 10:00 AM - Regular Meeting

Agenda
1. Call to Order
Description: 
Call to Order Time: __________________

Invocation by: ______________________

Board Members Present: 

Board Members Absent: 

Region 5 Personnel Present:

Guests Present:
 
2. Approval of Minutes
Description: 
The Board is requested to approve the minutes of the regular meeting held Wednesday, June 24, 2020.

Motion by: ________________________________

Second by: _______________________________

Vote: ____________________________________

.
3. Financial Management
3.A. Investment Portfolio Report
Description: 
As required in Policy No. CBF the Executive Director will present a detailed report on the enclosed investment portfolio. Recommendation:  Approval as Presented.

Motion by: ________________________________

Second by: _______________________________

Vote: ____________________________________
 
3.B. Statement of Operations; Budget Amendments; Check Register; and Checks Over $10,000.
Description: 
The Executive Director and Chief Financial Officer will review the Statement of Operations, budget amendments, check register, and checks over the amount of $10,000 (copies enclosed). Recommendation: Approval as Presented.

Motion by: ________________________________

Second by: _______________________________

Vote: ____________________________________
 
3.C. Executive Director Retention Incentive
Description: 
Approve fulfillment of Executive Director retention incentive as approved by the Board of Directors at the August 26, 2015, meeting.

Motion by: ________________________

Second by: _______________________

Vote: ____________________________
 
3.D. Adoption of 2020-21 Annual Budget
Description:  The Executive Director and CFO will present a Budget Summary Report of ESC State Base and local funds for adoption of the Region 5 ESC 2020-21 annual budget.

Motion by: _________________________

Second by: ________________________

Vote: _____________________________
 
4. Discussion/Information Items
Description:  .
4.A. Storm Update on Hurricane Laura
Description: 
Dr. Lovett will give an update on recent events related to Hurricane Laura.
 
4.B. Renewal of Depository Bank Contract
Description: 
The BBVA depository contract has been renewed for another two-year cycle. This two-year period from 9/1/2020 to 8/31/2022 will be the first renewal of three available.
 
4.C. Next Meeting - October 28, 2020
 
5. Adjournment
Description: 
Adjournment Time: _________________________

Motion by: ________________________________

Second by: _______________________________

Vote: ____________________________________
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