Environmental Charter Schools

Finance Committee Meeting

Date and Time

Friday March 23, 2018 at 8:30 AM PDT

Location

ECHS Auxiliary Space, 2625 Manhattan Beach Blvd. Suite 100, Redondo Beach, CA 90278 / Zoom: Join from PC and Mac: https://zoom.us/j/959381494 Or Telephone: +1 669 900 6833  (Meeting ID: 147 466 498) / Call-in Location: 1 Market Place, San Diego, CA, 92101 / 2000 Imperial Hwy., El Segundo, CA 90245 / 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
  • 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
Goals for 2017-2018
  • 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.

PUBLIC SPEAKERS AT STANDING COMMITTEE MEETINGS
Notice is hereby given that consistent with the requirements of the Ralph M. Brown Act, special presentations not mentioned in the agenda may be made at this meeting.  However, any such presentation will be for information only. The public should be aware that the Committee is unable by law to deliberate or take action on items raised during the Presentations from the Floor section.

Environmental Charter Schools recognizes that it benefits greatly from public input and perspective. Individuals are invited to address the Committee on any topic or subject matter that falls within the Committee's purview. Speakers may sign up in person immediately prior to the beginning of the Committee meeting by speaking with the Committee Chair.

Should a member of the public wish to speak on matters not listed on the agenda, they may speak during the Presentations from the Floor section of the agenda. Speakers will be given a maximum of three (3) minutes each to address the Committee (non-English speakers utilizing translators will be given a maximum of six (6) minutes each). Please note that the Committee allows a maximum of 10 minutes to each subject as determined by the Committee Chair.

Should a member of the public wish to speak on matters listed on the agenda, they may speak during the Presentations from the Floor section of the agenda. Speakers will be given a maximum of five (5) minutes each to address the Committee (non-English speakers utilizing translators will be given a maximum of ten (10) minutes each).

The public should be aware that the Committee is unable by law to deliberate or take action on items raised during the Presentations from the Floor section.

​​​​​​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 (310) 214-3408, option 5.

FOR MORE INFORMATION
For more information concerning this agenda or for materials relating to this meeting, please contact ECS at (310) 214-3408, option 5.

Agenda

     
I. Opening Items
 
Opening Items
  A. Record Attendance and Guests
  B. Call the Meeting to Order
  C. Approve Previous Meeting Minutes
    Approve minutes for Finance Committee Meeting on January 19, 2018
II. Presentations from the Floor
  A. Presentation from the Floor on Non Agenda Items
   
Should a member of the public wish to speak on matters not listed on the agenda, they may speak during the Presentations from the Floor section of the agenda. Speakers will be given a maximum of three (3) minutes each to address the Committee (non-English speakers utilizing translators will be given a maximum of six (6) minutes each).
  B. Presentations from the Floor on Agenda Items
   
Should a member of the public wish to speak on matters listed on the agenda, they may speak during the Presentations from the Floor section of the agenda. Speakers will be given a maximum of five (5) minutes each to address the Board (non-English speakers utilizing translators will be given a maximum of ten (10) minutes each).
III. Discussion Items / Updates
 
Finance
  A. EdTec Financial Update
   
EdTec financial update here.

ECHS Feb 18 financials here.

ECMS-G Feb 18 financials here.

ECMS-I Feb 18 financials here.
  B. Fundraising YTD Update
   
Fundraising update is here. 

Also, you may wish to view 2017-2018 Development Dashboard for further information.
  C. Discuss higher Interest Bearing investments for ECHS, Greenspon scholarship, investment club at ECHS
   

The following items are being considered and staff would like initial committee feedback:

1. Higher Interest Bearing investments for ECHS / Greenspon scholarship endowment 
2. Investment club at ECHS

IV. Action Items
  A. Recommend Approval of Second Interim Financial Reports
   
ECHS Second Interim financial report is here

ECMS-G Second Interim financial report is here

ECMS-I Second Interim financial report is here. 
  B. Recommend Acceptance of Jan, Feb 2018 Check Registers
   
January 2018 check register is here.

February 2018 check register is here.
  C. Recommend Acceptance of Dec - Feb Private Donations Over $1000
   
Private donations list is here
  D. Recommend FY 17/18 - 19/20 Audit Proposal
   
Recommend approval of CLA proposal for 3 year agreement for audit services here. Total expected cost of FY 17/18 audit + Form 990 = $21,825. Outgoing years will be capped at no more than 3% increase.
V. Closing Items
  A. Adjourn Meeting