Budget Approval Board Meeting Minutes

---

Date and Time	Location
October 10, 2025, 10:00 AM	Conference Room

---

Attendees

Attendees	Title
John Smith	Chairperson
Jane Doe	CFO
Michael Brown	CEO
Sarah Johnson	COO
Emily Davis	Board Member
David Wilson	Board Member

---

Agenda

1. Opening Remarks

2. Review of Proposed Budget

3. Discussion and Q&A

4. Approval of Budget

5. Closing Remarks

---

Minutes

1. Opening Remarks

Chairperson, called the meeting to order at 10:00 AM and welcomed the attendees. He outlined the purpose of the meeting, which is to review and approve the proposed budget for the next fiscal year.

2. Review of Proposed Budget

CFO, presented the proposed budget. She highlighted key areas of expenditure and projected revenue streams, and provided a detailed explanation of the financial outlook for the next year.

3. Discussion and Q&A

The floor was opened for questions and discussion. Key points raised include:

• Michael Brown asked for clarification on the marketing budget allocation.

• Sarah Johnson inquired about the assumptions made in the revenue projections.

• Emily Davis suggested adjustments to the research and development expenditure.

• David Wilson requested more information on cost-saving measures.

4. Approval of Budget

A motion was made by Michael Brown to approve the proposed budget. The motion was seconded by Sarah Johnson. The Board voted unanimously to approve the budget.

5. Closing Remarks

Chairperson thanked everyone for their contributions and adjourned the meeting at 11:30 AM.

---

Action Items

• CFO to distribute the final approved budget to all departments by October 15, 2053.

• CEO to schedule a follow-up meeting to discuss the implementation of the budget.

---

Next Meeting

The next board meeting is scheduled for November 10, 2053, at 10:00 AM in Conference Room.

---

Contact Information:

For any questions or further information, please contact:

• [Your Name]

• Email: [Your Email]

Meeting Minutes Templates @ Template.net