SILC Finance Committee Meeting
      October 6, 2015 (10:00am – 11:20am)
Attendees noted below: 
Present:  Ping Miller (Chair), Kim Lambert, Renee Cummins, Helen Pace, Kathleen Boaté (SILC staff), Debbie Hippler (SILC staff)

Absent:  Kay Miley, Oshana Watkins

Agenda:
* Part B Contract Balance
* Additional Funding for CILs from 2nd year Part B Funds
Part B Contract Balances
> All of Part B Funds for 2013 Budget have been spent $524,000, no funds will be reverted as we dipped into the 2nd year funding

Part B Funding
> We are currently in the 2014 funding $508,341 which is in it’s second year 
> Discussed funding for this year
> Going forward we will pull 50% out of 2nd year funding
> This topic will be discussed at the Quarterly Meeting to spend 150% for one year only



Finance Committee to continue the meeting Thursday, October 8, 2015 at 6:00pm at Country Inn & Suites

Continued meeting:
Attendees: Helen Pase; Kimlyn Lambert; Kay Miley; Keith Greenarch; Ping Miller; Oshana Watkins; Rene Cummins and myself as staff

Meeting was reconvened at 5:20
The budget of available funds was discussed.  

$762,511.50 
$508,341.00 


($28,500.00)
previously approved (dRC $3,500; Youth Leadership Forum $25,000)

$734,011.50 
total amount available to spend 2016




$227,863.00 
DARC


$58,413.00 
DRC


$262,626.00 
$43,771 x 6 Centers

$20,000.00 
Youth Leadership Forum
$568,902.00 
total amount of contracts

$165,109.50 
total amount of contracts subtracted from 2016 amount

($34,500.00)
DARC request

$130,609.50 



($15,747.36)
Youth Leadership Forum

($20,054.00)
DRC request


$94,808.14 
remainder to be split among the other 6centers





$15,801.36 
for remaining 6 centers


The recommendations to be presented to the full council are as follows:
To award $15,747.36 additional funds to Youth Leadership Forum
Award $20,054.00 to dRC (Wilmington Center)
Award $15,801.36 to the remaining 6 centers (Disability Partners – Sylva; Disability Partners – Asheville; The Adaptables; The Joy A Shabazz Center; Alliance of Disability Advocates; Disability Rights & Resources)

A Finance/Executive Committee workshop is being planned for November 3rd from 1:00 – 6:00 at the SILC office.

The meeting was adjourned at 6pm.

Minutes submitted by Kathleen Boaté/Debbie Hippler