Environmental Charter Schools
Minutes
Finance Committee Meeting
By Teleconference/Zoom
Date and Time
Friday June 18, 2021 at 8:30 AM
Location
Zoom: https://us02web.zoom.us/j/86746735522?pwd=eG5RVHI4ZURqeXBwVm1YS2E0WTk5Zz09
Optional
Optional
- Call-in only: (669) 900-6833 (Meeting ID: 867 4673 5522, Passcode: 425920)
- Two-way Teleconference Location: 2625 Manhattan Beach Blvd, Suite 100, Redondo Beach, CA 90278
Finance Committee Members
Tracy Bondi - Chair
Farnaz Golshani-Flechner
Ken Deemer
Denise Berger
Bruce Greenspon
Alison Diaz
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.
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.
Tracy Bondi - Chair
Farnaz Golshani-Flechner
Ken Deemer
Denise Berger
Bruce Greenspon
Alison Diaz
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
-
Engage board in a critical assessment of the budget as it relates to organizational priorities and goals
-
Hold a yearly ECS financial training course
-
Ensure school budgets and cash flows are transparent, supportable, and sustainable
-
Support ECHS #2's financial objectives in the facilities development andschool startup process
-
Collaborate with Menlo Charter Properties to refinance loans at ECMS- Gardena
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.
Committee Members Present
Bruce Greenspon (remote), Dr. Denise Berger (remote), Farnaz Golshani-Flechner (remote), Tracy Bondi (remote)
Committee Members Absent
Alison Diaz, Ken Deemer
Guests Present
Jeremiah David (remote)
I. Opening Items
A.
Record attendance and guests
B.
Call the Meeting to Order
Tracy Bondi called a meeting of the Finance Committee of Environmental Charter Schools to order on Friday Jun 18, 2021 at 8:38 AM.
C.
Approve agenda
Farnaz Golshani-Flechner made a motion to approve the agenda.
Bruce Greenspon seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Farnaz Golshani-Flechner |
Aye
|
Tracy Bondi |
Aye
|
Ken Deemer |
Absent
|
Bruce Greenspon |
Aye
|
Dr. Denise Berger |
Aye
|
Alison Diaz |
Absent
|
II. Presentations from the Floor
A.
Presentation from the floor on non agenda items
None.
B.
Presentations from the floor on agenda items
None.
III. Discussion Items / Updates
A.
EdTec financial review and budgets for 21/22
EdTec Consultant Dorothy Lee presented the Financial Update slides.
B.
Fundraising YTD update
ECS Chief Executive Officer Farnaz Golshani-Flechner presented the fundraising update slides. ECS was awarded a $550k grant for ECHS-Gardena from the Charter School Growth Fund.
C.
Discuss Equitable Facilities Fund Financing for ECHS-Gardena site
Director of Finance Tracy Bondi presented the Equitable Facilities Fund Financing slides. For future financing needs, ECS is performing due diligence toward entering into an obligated financing group consisting of ECMS-G, ECMS-I, and ECHS-G with Equitable Facilities Fund.
D.
Review proposed 2021-2022 Finance Committee Meeting Dates
The Committee requested that the proposed August committee meeting be held on 8/31/2021 and that the proposed meeting in November be reschedued to 12/3/2021.
IV. Consent Items A-G
A.
Recommend board approval of 4/27/2021 Finance Committee meeting minutes
Tracy Bondi made a motion to approve the minutes from Special Finance Committee Meeting on 04-27-21.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Alison Diaz |
Absent
|
Bruce Greenspon |
Aye
|
Ken Deemer |
Absent
|
Tracy Bondi |
Aye
|
B.
Recommend board approval of November 2020-February 2021 check registers and November 2020-January 2021 credit card statements
ECS administration provided assurances that all emergency fund mini-grants are validated to have been raised from private funding sources.
Tracy Bondi made a motion to recommend board approval of November 2020-February 2021 check registers and November 2020-January 2021 credit card statements.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Alison Diaz |
Absent
|
Bruce Greenspon |
Aye
|
Ken Deemer |
Absent
|
C.
Recommend board acceptance of private donations over $1,000
Tracy Bondi made a motion to recommend board acceptance of private donations over $1,000.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Dr. Denise Berger |
Aye
|
Bruce Greenspon |
Aye
|
Alison Diaz |
Absent
|
Ken Deemer |
Absent
|
D.
Recommend board approval of Resolution to Provide Authorization for Los Angeles County Office of Education to Issue Funds for ECHS-Gardena
Tracy Bondi made a motion to recommend board approval of Resolution to Provide Authorization for Los Angeles County Office of Education to Issue Funds for ECHS-Gardena.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Aye
|
Bruce Greenspon |
Aye
|
Alison Diaz |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Ken Deemer |
Absent
|
E.
Recommend board approval of 2021-2022 Education Protection Act Plan and Resolution
Tracy Bondi made a motion to recommend board approval of 2021-2022 Education Protection Act Plan and Resolution.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Alison Diaz |
Absent
|
Ken Deemer |
Absent
|
Dr. Denise Berger |
Aye
|
Tracy Bondi |
Aye
|
F.
Recommend board acceptance of ECS Tax Return Forms 990 and 199
Tracy Bondi made a motion to recommend board acceptance of ECS Tax Return Forms 990 and 199.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Farnaz Golshani-Flechner |
Aye
|
Ken Deemer |
Absent
|
Dr. Denise Berger |
Aye
|
Tracy Bondi |
Aye
|
Bruce Greenspon |
Aye
|
Alison Diaz |
Absent
|
G.
Recommend board approval of 21/22 Finance Committee Officers and Members
Tracy Bondi made a motion to recommend board approval of 21/22 Finance Committee Officers and Members.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Alison Diaz |
Absent
|
Bruce Greenspon |
Aye
|
Dr. Denise Berger |
Aye
|
Ken Deemer |
Absent
|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
V. Action Items
A.
Recommend board approval of 2021-2022 Budgets for ECHS-L, ECMS-G, ECMS-I, ECHS-G
Bruce Greenspon made a motion to recommend board approval of 2021-2022 Budgets for ECHS-L, ECMS-G, ECMS-I, ECHS-G.
Farnaz Golshani-Flechner seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Alison Diaz |
Absent
|
Ken Deemer |
Absent
|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
B.
Recommend board approval of FY 2021-22 contracts
Bruce Greenspon made a motion to recommend board approval of FY 2021-22 contracts.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Farnaz Golshani-Flechner |
Aye
|
Tracy Bondi |
Aye
|
Ken Deemer |
Absent
|
Dr. Denise Berger |
Aye
|
Bruce Greenspon |
Aye
|
Alison Diaz |
Absent
|
C.
Recommend board approval of items related to $600k ECS line of credit
Tracy Bondi made a motion to recommend board approval of items related to $600k ECS line of credit pending preapproval that Beneficial State Bank will.
Dr. Denise Berger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Alison Diaz |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Aye
|
Bruce Greenspon |
Aye
|
Ken Deemer |
Absent
|
VI. Closing Items
A.
Adjourn Meeting
Dr. Denise Berger made a motion to adjourn meeting.
Farnaz Golshani-Flechner seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call | |
---|---|
Alison Diaz |
Absent
|
Ken Deemer |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Aye
|
Bruce Greenspon |
Aye
|
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:43 AM.
Respectfully Submitted,
Tracy Bondi