Environmental Charter Schools
Finance Committee Meeting
Date and Time
Friday January 19, 2018 at 8:30 AM PST
Location
2625 Manhattan Beach Blvd. Suite 100, Redondo Beach, CA 90278 / Zoom Call-in: Join from PC or Mac: https://zoom.us/j/959381494 Or Telephone: US:+1 408 638 0968 (Meeting ID: 959 381 494) / Call-in Location: 1 Market Place, San Diego, CA, 92101 / 2000 Imperial Hwy., El Segundo, CA 90245 / 2401 Pine Ave., Manhattan Beach, CA 90266 / 11151 Orville St., Culver City, CA 90230
Finance Committee Members
Tracy Bondi - Chair
Jenni Owen - Co-Chair
Ken Deemer
Bruce Greenspon
Dorothy Lee
Finance Committee Charter
THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE
Notice is hereby given that the order of consideration of matters on this agenda may be changed without prior notice.
REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY
The Governing Board’s presiding officer reserves the right to impose reasonable time limits on public testimony to ensure that the agenda is completed.
SPECIAL PRESENTATIONS MAY BE MADE
Notice is hereby given that consistent with the requirements of the Bagley-Keene Open Meeting Act, special presentations not mentioned in the agenda may be made at this meeting. However, any such presentation will be for information only.
REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY
Pursuant to the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting of the Governing Board may request assistance by contacting ECS at 812 West 165th Place, Gardena, CA 90247; telephone (310) 214-3400; fax (310) 214-3410.
FOR MORE INFORMATION
For more information concerning this agenda or for materials relating to this meeting, please contact ECS at 812 West 165th Place, Gardena, CA 90247; telephone (310) 214-3400; fax (310) 214-3410.
Tracy Bondi - Chair
Jenni Owen - Co-Chair
Ken Deemer
Bruce Greenspon
Dorothy Lee
Finance Committee Charter
- Provides financial oversight for the organization
- In conjunction with staff and other stakeholders, develops an annual operating budget and recommends for board approval
- Monitors adherence to budget and recommends changes, if necessary
- Sets long-term financial goals with funding strategies to achieve them
- Considers special, unbudgeted requests and make recommendations to board
- Develops multi-year operating budgets that tie to strategic plan
- Ensures adequacy of financial controls and monitor for compliance
- Ensure Financial literacy of Board Members by providing training
- Hold a yearly ECS financial training course
- Ensure adequate financing for the facilities development in Inglewood
- Ensure salary schedules and benefits are supportable and sustainable
- Assist in determination of auditor evaluation and choice of auditors for 2018-19 audit
THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE
Notice is hereby given that the order of consideration of matters on this agenda may be changed without prior notice.
REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY
The Governing Board’s presiding officer reserves the right to impose reasonable time limits on public testimony to ensure that the agenda is completed.
SPECIAL PRESENTATIONS MAY BE MADE
Notice is hereby given that consistent with the requirements of the Bagley-Keene Open Meeting Act, special presentations not mentioned in the agenda may be made at this meeting. However, any such presentation will be for information only.
REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY
Pursuant to the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting of the Governing Board may request assistance by contacting ECS at 812 West 165th Place, Gardena, CA 90247; telephone (310) 214-3400; fax (310) 214-3410.
FOR MORE INFORMATION
For more information concerning this agenda or for materials relating to this meeting, please contact ECS at 812 West 165th Place, Gardena, CA 90247; telephone (310) 214-3400; fax (310) 214-3410.
Agenda
I. | Opening Items | |
Opening Items
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A. | Record Attendance and Guests | |
B. | Call the Meeting to Order | |
C. | Approve Previous Meeting Minutes | |
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Approve minutes for ECS Finance Committee Meeting on November 17, 2017 | ||
II. | Presentations from the Floor | |
A. | Presentation from the Floor on Non Agenda Items | |
At this time any person wishing to speak to any item not on the agenda will be granted three minutes to make a presentation to the Board. Non-English speakers utilizing translators will be granted six minutes to make a presentation to the committee.
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B. | Presentations from the Floor on Agenda Items | |
Any person wishing to speak to any item on the agenda will be granted five minutes to make a presentation. Non-English speakers utilizing translators will be granted ten minutes to make a presentation to the committee.
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III. | Discussion Items / Updates | |
Finance
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A. | EdTec Financial Update | |
B. | Fundraising YTD Update | |
Fundraising update is here.
Also, you may wish to view 2017-2018 Development Dashboard for further information. |
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C. | Review Finance 101 Training for New Board Members | |
Current draft of presentation link
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D. | ECS Health Benefits Study results | |
Shelley Levy, formerly of Uncommon Schools now with Ednovate, closely studied ECS health benefits package as well as that of ECS competition and presented her recommendations here.
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IV. | Action Items | |
A. | Recommend Approval of First Interim Financial Reports | |
B. | Recommend Acceptance of December 2017 Check Register | |
December 2017 Check Register is here.
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C. | Recommend Acceptance of November 2017 Private Donations Over $1000 | |
Private donations list is here.
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D. | Recommend Allocation of ECS Grants to ECMSI | |
12/27/17 - Barbara Cotler - NVIDIA Corp Stock valued at $5,524
11/23/17 - Ozaki Family Trust - $300 general fund donation 10/17/17 - Ken Aldrich - $15,000 general fund donation |
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E. | Recommend allocation of One-Time Funds for Outstanding Mandate Claims, Fiscal Year 2017–18 | |
Finance Committee to recommend allocation of One-Time Funds for Outstanding Mandate Claims, Fiscal Year 2017–18, toward teacher compensation and benefits: Environmental Charter Middle School - Gardena $51,091 Environmental Charter Middle School - Inglewood $34,880 Environmental Charter High School $73,974 |
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F. | Recommend Acceptance of FY 16/17 Audit Report | |
V. | Closing Items | |
A. | Adjourn Meeting |