The Anchor School
Minutes
Finance Committee Meeting
Date and Time
Tuesday June 17, 2025 at 7:00 PM
Location
Google Meet joining info
Video call link: https://meet.google.com/cda-nvij-adm
Or dial: (US) +1 401-526-8575 PIN: 612 382 123#
Committee Members Present
J. Whittington (remote), V. Thompson (remote)
Committee Members Absent
S. Kollu
Guests Present
B. Hines (remote), Brittany Clay (remote), J. Pinto Taylor (remote), N. LeBlanc (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
J. Whittington called a meeting of the Finance Committee of The Anchor School to order on Tuesday Jun 17, 2025 at 7:10 PM.
C.
Approve Minutes
V. Thompson made a motion to approve the minutes from Finance Committee Meeting on 05-20-25.
J. Whittington seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Head of School and CFO Updates
A.
Enrollment and Other Updates
- Enrollment: 70 new 6th graders, 30-40 new rising 7th graders, 5-10 new rising 8th graders
- Continue climbing until we get to 330-340 (Day 1 goal is 315-320)
- CSP drawdowns continuing
- Closing out staff bonuses and stipends
III. Monthly Financial Review & Budget
A.
May Financial Updates & Dashboards
- Previous forecast: $164,928 | Current forecast: $171,927
- QBE true-up improves last quarter cash position
- EOY DCOH projected at 40
- Total CSP reimbursement is at 29%
B.
FY26 Draft Budget Review
Action items:
- Jaamal will share final budget recommendation with full board for adoption at June board meeting
IV. Other Business
A.
Financial Policy Review
- Vanecia questions budget approval date in proposed policy
- Why the 27th? Can we settle on a date that ends in 0 or 5
Action items
- Dr. PT will post budget to TAS website and make sure it's submitted properly to the SCSC (with Nicole, Jaamal, Brittany (EdtEc), and Bernard (CFO) cc'd.
- Change policy language around budget approvals to something like language "the last Friday before the end of fiscal year (June 30)" or "the last/June board meeting" — Vanecia will send ideas to Dr. PT
- Jaamal to send Nicole/Emily finalized budget documented asap for board agenda
V. 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 8:07 PM.
Respectfully Submitted,
N. LeBlanc