Draft

Adelante Schools

Finance Committee Meeting

Date and Time

Tuesday August 15, 2023 at 9:00 AM EDT

Goals: 

  1. Approve organizational foundational tools and policies to govern our school and operate effectively.
  2. Deepen our understanding of Adelante’s Emma Donnan operational state and provide any necessary support and guidance.

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 9:00 AM
  A. Record Attendance   1 m
  B. Call the Meeting to Order  
II. Finance 9:01 AM
  A. Status of FY 23 Closeout Report Discuss Jordan Habayeb 5 m
   

These are the final June 30, 2023, accrual-based financials.  There is always the chance that CIES will find/make minor adjustments either before or during the audit, but these financials include accruals and capitalization/depreciation for the year.

  
  B. July Financials FYI 2 m
   

Waiting on these from CIES. July is usually delayed until the end of August as they make EOY FY adjustments.

  
  C. Current Enrollment and Forecasted Budget Shifts Discuss Jordan Habayeb 5 m
  D. Discussion on Long-Term Rainy Day Fund Discuss Jordan Habayeb 5 m
  E. Finance Consulting - Long-Term Plan Discuss Jordan Habayeb 5 m
III. Finance Systems - OEI Reporting 9:23 AM
  A. July-September Reporting FYI Jordan Habayeb 2 m
IV. Finance Systems - Audit
 
  • Piloted a new audit framework with Donovan
    • The bulk of the audit was completed in July instead of October
    • There is one small section that the Donovan team will do with the final reports from FY23 in October
    • Nothing has been flagged
  
V. Closing Items
  A. Adjourn Meeting Vote

We unite in solidarity with our families and community to create a joyous neighborhood school, preparing all scholars to graduate from college and lead lives of leadership and service to Indianapolis