The Anchor School
Minutes
Finance Committee Meeting
Called Meeting
Date and Time
Thursday July 25, 2024 at 10:00 AM
Location
To join the video meeting, click this link: https://meet.google.com/itw-vsha-vua
Otherwise, to join by phone, dial +1 478-974-9530 and enter this PIN: 418 652 100#
Committee Members Present
J. Whittington (remote), N. LeBlanc (remote), V. Thompson (remote)
Committee Members Absent
D. Gregory
Guests Present
J. Pinto Taylor (remote), M. Felts (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 Thursday Jul 25, 2024 at 10:05 AM.
C.
Approve Minutes
N. LeBlanc made a motion to approve the minutes from Finance Committee Meeting on 06-12-24.
V. Thompson seconded the motion.
The committee VOTED unanimously to approve the motion.
J. Whittington made a motion to amend the agenda to add an enrollment update from Dr. Pinto-Taylor.
N. LeBlanc seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance
A.
Enrollment Updates
B.
June Financial Review with EdTech
- EdTech is still finalizing June financials — should be ready by next week
- Ending June with 31 days of cash on hand
III. Other Business
A.
Fractional CFO Review
Jaamal shares two candidates for our fractional CFO:
- Kelly Shields — education finance experience
- Bernard Hines — served as fractional CFO for Ethos Charter School, with EdTech as back office
- His services align more closely with budget, time needed, and related experience
- We'll review both candidates more deeply in the August committee meeting. We'll vote on a final candidate in the August board meeting
IV. 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 10:53 AM.
Respectfully Submitted,
N. LeBlanc
Enrollment Numbers as of July 24: Overall - 203 | 6th Grade - 97 | 7th Grade - 106
We’ll watch these numbers closely for the first 10 days of school. We’ll give a more accurate picture of enrollment after school starts.