Page 21 - October 2023

AUDIT & RISK COMMITTEE MINUTES (DRAFT) (2) D. Bank Reconciliations – June through July, 2023
4. 5.
Buzz had no comments, all checked out.
E. Monthly Financial Reports - Seven Months Ending July 31, 2023.
Tommy confirmed we have a much better start than last year.
Starting this year with Investment Gains versus last year starting with Investment Losses. At the end of July we have a 9% earnings record per Prime. Tommy also confirmed we are on budget in nearly all accounts. Travel is below budget but he reminded all that we travel a lot toward end of year with September Board Meeting in Chicago, Entrepreneurship Meeting in Arizona, Indigenous Convening in Spokane and Grant Meeting and Retreat at Breakers in December. Tommy also noted that Deferred Compensation paid to Malcolm in December will be down about $50,000 from Budget due to 2022 loss which information is now available.
Summary of Insurance Coverage
Sharon pointed out that she had continued to add columns as the information came in on health insurance. Life insurance for Tommy is new and it is a term policy which terminated employees must start paying when terminated or policy cancels. Cyber insurance is also new.
Schedule of Upcoming Meetings
A. November 1, 2023 - 8:00 AM EST - Zoom
B. January 18, 2024 - 8:00 AM EST - Zoom
C. March 18, 2024 – With Board (Gainesville, FL) D. June 14, 2024 – Mailout
E. September 9, 2024 - With Board (Spokane, WA) F. November 1, 2024 - 8:00 AM EST- Zoom
The attached meetings for 2024 were discussed as proposed and everyone checked their calendars and agreed they were acceptable.
The meeting concluded at 3:07 p.m.
Respectfully submitted this 25th day of September, 2023.
Richard A. Krause Hugh Brown Financial Consultant Committee Chair
Page 19 HORIZONS