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Adelante Schools

Finance Committee Meeting

Date and Time

Friday January 17, 2025 at 8:30 AM EST

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 8:30 AM
  A. Record Attendance   Brendan Chandler 1 m
  B. Call the Meeting to Order   Matt Meer 1 m
II. Financial Updates 8:32 AM
  A. FY25 Updated Budget Vote Jordan Habayeb 10 m
  B. Planning for Updates to Finance Policies Discuss Jordan Habayeb 15 m
   
  1. Updates needed center around providing more detail and ensuring all match with the State Board of Accounts and OEI requirements
  2. New Policies to add: Cash and Deposits
  3. Proposal:
    - February and March: Adelante team makes edits and additions
    - March Meeting: Working group with areas of feedback
    - April: Adelante team makes changes based on committee feedback
    - May: Updated policies (redlined and final) presented to the committee for feedback
    - July: New policies begin
  
  C. Early Literacy Achievement Grant Vote Jordan Habayeb 5 m
III. Other Business 9:02 AM
  A. Goals for Finance Committee Discuss Matt Meer 20 m
   
  1. Align on goals for Finance Committee in 2025 - To be proposed in Feb 2025 BOD meeting
  2. Potential goals: 
    1. Reviewing/revising finance policies 
    2. Strategy for excess cash
    3. Strategy for employee benefits
  
IV. Closing Items 9:22 AM
  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