Environmental Charter Schools

Minutes

Audit Committee Meeting

By Teleconference/Zoom

Date and Time

Tuesday December 14, 2021 at 12:30 PM

Location

Zoom: https://us02web.zoom.us/j/87891439926?pwd=eHEwOEE3NWVqR0xscmNxUGh4MEQ1UT09
 
OR 
 
Dial-In: (669) 900-6833, Meeting ID: 878 9143 9926, Password: 171872
 
Two-way Teleconference Location: 2625 Manhattan Beach Blvd, Suite 100, Redondo Beach, CA 90278.
Audit Committee Members
Mr. Anthony Jowid - Chair
Mr. Kennedy Hilario
Dr. Madhu Chatwani

Audit Committee Charter
  • Recommend appointment, retention and termination of the independent auditor to the Board on an annual basis or at the end of a multi-year agreement;
  • Review and discuss with the independent auditor any material risks and weaknesses in internal controls identified by the auditor and the adequacy of ECS’s accounting and financial reporting processes. Solicit recommendations from the independent auditor for the improvement of ECS’s internal control procedures and particular areas where new or more detailed controls or procedures are desirable; 
  • Resolve any disagreements between management and the auditor regarding financial reporting and other matters;
  • Pre-approve all auditing and non-audit services performed by auditors.

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.
 

Committee Members Present

Anthony Jowid (remote), Kennedy Hilario (remote)

Committee Members Absent

Dr. Madhu Chatwani

Guests Present

Farnaz Golshani-Flechner, Jeremiah David (remote), Tracy Bondi

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

Anthony Jowid called a meeting of the Audit Committee of Environmental Charter Schools to order on Tuesday Dec 14, 2021 at 12:33 PM.

C.

Approve Agenda

Kennedy Hilario made a motion to approve agenda.
Anthony Jowid seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Anthony Jowid
Aye
Kennedy Hilario
Aye
Dr. Madhu Chatwani
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.

20/21 Audit Report (draft) Review

The committee reviewed the audit report draft and discussed allocations made in the statement of activities and statement of functional allocations. ECS staff has been actively discussing adjustments with CLA and noted the additional remarks from the Committee.

 

The committee appreciated the hard work undertaken by Director of Compliance & Operations Jeremiah David in coordinating the annual audit and ensuring high levels of compliance across the organization. Jeremiah David appreciated Director of Finance Tracy Bondi for her work in prioritizing and escalating financial audit requests and thanked Chief Executive Officer Farnaz Golshani-Flechner for her continued guidance throughout the audit process.

B.

Audit Committee Next Steps

The ECS staff will reach out to CLA to discuss additional changes requested by the Committee to the aforementioned statements in the agenda item above.

IV. Action Item

A.

Recommend Board Approval of 20/21 Audit Report

Kennedy Hilario made a motion to recommend Board Approval of 20/21 Audit Report.
Anthony Jowid seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Anthony Jowid
Aye
Dr. Madhu Chatwani
Absent
Kennedy Hilario
Aye

V. Closing Items

A.

Adjourn Meeting

Kennedy Hilario made a motion to adjourn meeting.
Anthony Jowid seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Anthony Jowid
Aye
Dr. Madhu Chatwani
Absent
Kennedy Hilario
Aye
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 12:56 PM.

Respectfully Submitted,
Anthony Jowid