Vertus High School
Minutes
Finance Meeting
Date and Time
Tuesday November 12, 2024 at 2:00 PM
Vertus Charter School prepares leaders of character.
Committee Members Present
D. Johnson (remote), J. O'Connell
Committee Members Absent
E. Gallina
Guests Present
A. Brisson, J. Locey
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
J. O'Connell called a meeting of the Finance Committee of Vertus High School to order on Tuesday Nov 12, 2024 at 2:07 PM.
C.
Approve Minutes
D. Johnson made a motion to approve the minutes from Finance Meeting on 10-08-24.
J. O'Connell seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance
A.
Monthly Reports Review
B.
Debt Capacity Analysis
The team prepared 4 scenarios and presented them to the committee. The committee agreed to send the 4 scenarios to DA Davidson for review.
C.
Bus Proposal
The committee discussed the proposed purchase of a bus. The administration is finalizing the receipt of the 3 quotes.
D.
Investment Policy
The committee continued its discussion on establishing an investment policy.
III. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 2:43 PM.
Respectfully Submitted,
J. O'Connell
The committee reviewed the monthly reports and discussed certain areas of revenue and expenses, including for the gala.