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School Building Authority of WV
Finance Committee

Date/Time: 12/10/2018 -- 9:00 AM
Location:
The West Virginia Lottery
900 Pennsylvania Avenue
Tenth Floor Breakaway Room
Charleston, West Virginia 
Purpose: I. CALL TO ORDER

II. ACKNOWLEDGMENTS AND RECOGNITIONS

III.APPROVAL OF MINUTES Chairman Bart Willis

November 26, 2018 Finance Committee Meeting (Action)

IV.FINANCE REPORTS Ms. Sue Chapman

A.SBA Profit and Loss Statement - (Information) - HANDOUT

Chief Financial Officer Sue Chapman will present the SBA Profit and Loss Statement for the period ending November 30, 2018.

B. Revisions to SBA Investment Policy (Action) - HANDOUT

A copy of the revised SBA Investment Policy will be handed out for review by the Authority. These revisions have been reviewed by the SBA Finance Committee and Financial Advisor David Kirby, Sr. Vice President with BB&Ts Scott & Stringfellow. The Executive Director respectfully recommends approval of the revised SBA Investment Policy as presented.

C. School Construction Funds Available for Distribution - (Action)

CFO Chapman offers the breakdown of funds available for distribution as follows:

A total of $45,814,020 is available for funding School Construction NEEDs Project Awards. The following is a breakdown of the funding:

$35,845,818 - FY 2019 Appropriation to the SBA Construction Fund

$9,968,202 - FY 2020 Appropriation to the SBA Construction Fund

A total of $26,184,713 is required from the SBA Investment Fund for the School Construction Roofing/HVAC Priority List. The Executive Director respectfully requests approval.

V. ADJOURNMENT

Notes:

This is a compliant meeting.

Meeting was approved : 12/3/2018 11:09:37 AM

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Monday, December 10, 2018 — 8:17 AM