January 2025 Board Meeting Recap

BUDGET & FINANCE COMMITTEE MATTERS

• The Board of Directors discussed the LHC Balance Sheet for November 2024.
• Discussed the LHC Profit & Loss by Funding Source for November 2024
• Discussed the LHC Unrestricted Cash Balances

ADMINISTRATION COMMITTEE MATTERS

• Approved the resolution of the Executive Director's Authority to select the LHC Chief Financial Officer with the approval of the Board of Directors. 
• Discussed and received an update on the CHDO Quarterly Meetings, CHDO University, and all eligible CHDOs receipt of their 2023 Operating Funds. 
• Approved the resolution to amend the LHC Bylaws (Previous notice was given on December 11, 2024) reflective of Act 393 from the 2023 Regular Session regarding conducting meetings via electronic means. 

PROGRAM COMMITTEE MATTERS

• Discussed Final Pricing Book - LHC 2024A&B