Finance Committee – May 2026 Meeting Summary

Written By Aja Corrigan

FINANCE COMMITTEE 05/12/2026

The Finance Committee oversees CBN’s financial health by reviewing budgets, monitoring financial performance, and advising the board on fiscal strategy and accountability. It works closely with staff to ensure transparency and sound financial management.

Committee Chair:

Kathy Siddens

ATTENDEES:

Trost, Maude, Linda Nguyen, Kathy Siddens, Aja Corrigan, Becca Glick, Sara Sigman, Maurice Allen

MEETING NOTES

I. Welcome

II. Review: March 2026 Management Report-Board version.pdf

III. Annual Awards Event - 2026 Recap

Revenue Total: $54,606.90

Sponsorship - $51,500; Eventbrite - $2,740; Ticket Sales (Day of) - $366.90

Expenses Total: $17,490.52

TDG Venue - $1,600; Staffing - $3,360; Table linens - $795; Food - $5,900; Bar - $2,100; Printing - $529.37; Awards - $854; Photographer - $950; Misc Supplies - $1402.05

Net Profit - $37,116.38

Next Year: Northside - R & R, Movement Center, RFP for Venue

IV. Recruitment

The committee discussed recruiting additional members.For general CBN Membership:

Mayor Reggie Jones (Dellwood) - working on Prop D, will follow up

other municipalities for membership

For Finance Committee:

Dan Rice (Midland States Bank) - Maurice

Joel Pugh (SHED) - planning background - Maurice

Kyra Jefferson (Beyond Housing) - Kathy/Sara

Mimi Taylor-Hendrix (SHED)

Rebecca Zoll (North County Inc) - may be better for a different committee

Cynthia Jordan (US Bank)

Paul Woodruff (SLCCU)

City of Ferguson - new City Manager (hold) GENERAL CBN MEMBERSHIP

V. Review + Discuss: Other Fiscal Strategy + Accountability Considerations

Fiscal plan for reserves

What is the contingency plan for if we dip below a certain level?

Keeping money liquid is important as we don’t have restrictions to accessing the funds when needed

Tools for forecasting

What’s available in Quickbooks? Usually good for 12 months out

Use a “cash flow planner” to monitor income/expenses to plan out the rest of the year

Month to month according to reserves

Build out a 3 year fundraising plan per the request to Invest STL

Pending grant for staff, marketing, assessment dashboarding

Auto renewals, Renewal mailers, 2 year memberships

Some members required invoice to process payment

Renewal Reminders via email and postcard w/ QR code

Survey older members

Different fiscal years, timing constraints

🎯 ACTION ITEMS

  • Recruitment Follow-Ups

  • Add R & R, Movement Center, RFP for Venue options to Annual Event Plan

  • Quickbooks forecasting tools

  • Memberships - 90 days in June

  • Have a great month!

  • Enjoy the weather!

NEXT COMMITTEE MEETING

  • Tuesday, July 14th at 10:00am

Aja Corrigan