CASA ACADEMY
Minutes
January Finance Committee Meeting
Date and Time
Friday January 20, 2023 at 12:00 PM
Location
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Meeting ID: 833 3976 3939
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CASA Academy Board and committee meetings will take place via conference call, online meeting platform, or in person. Per A.R.S. ยง 38-431.02, notice of meetings for CASA Academy and any of its committees will be posted on this website. Notices will also be posted in the main office of CASA Academy (8047 N 35th Ave. Phoenix, AZ 85051) which is open from 8:00 a.m. to 4:30 p.m., Monday-Friday.
Committee Members Present
L. Osselaer (remote), M. Roosevelt (remote), M. Tucker (remote), T. Clayton Cundy (remote)
Committee Members Absent
T. Wee
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
| Roll Call | |
|---|---|
| T. Wee |
Absent
|
| M. Tucker |
Aye
|
| L. Osselaer |
Aye
|
| M. Roosevelt |
Aye
|
| T. Clayton Cundy |
Aye
|
II. Finance
A.
Divvy presentation
B.
Review December financial statements
Email questions to Tacey.
C.
Review 403(b) plans
Discussed employer match of 3% or 5%. Tacey to email the projected contribution amount for 3% and 5%.
D.
Student loan repayment discussion
E.
Discuss CD rates
Discussed CD rates with Laura and Heather CD and payoff of loan. Recommended short-term CD. Need funds for buildout of leased space within 3 years to accommodate K through 8 classrooms.
III. Other Business
A.
Review upcoming meetings/action steps
Next meeting January 25 12:00 to 12:30.
IV. Closing Items
A.
Adjourn Meeting
| Roll Call | |
|---|---|
| T. Wee |
Absent
|
| M. Roosevelt |
Aye
|
| T. Clayton Cundy |
Aye
|
| M. Tucker |
Aye
|
| L. Osselaer |
Aye
|
Divvy is a credit card processor and bill payment combined platform. Benefits - photo of receipt uploads for credit card charges, syncs image to Quickbooks, monthly statements, instantly deactivates employee credit card, digital credit cards for users. No personal guarantee. Must apply for credit limit through portal. Set up as automatic payment weekly. Application and integration relatively short.