Environmental Charter Schools
Minutes
Finance Committee Meeting
Date and Time
Friday June 16, 2023 at 8:30 AM
Location
Zoom: https://us02web.zoom.us/j/86746735522?pwd=eG5RVHI4ZURqeXBwVm1YS2E0WTk5Zz09
Alternative access:
- Two-way Teleconference Location: 2625 Manhattan Beach Blvd, Suite 100, Redondo Beach, CA 90278
- Call-in only: (669) 900-6833 (Meeting ID: 867 4673 5522, Passcode: 425920)
Finance Committee Members
Tracy Bondi - Chair
Farnaz Golshani-Flechner
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
Goals for 2022-2023
- 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 and school startup process
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
Alison Diaz (remote), Bruce Greenspon (remote), Dr. Denise Berger (remote), Farnaz Golshani-Flechner (remote), Tracy Bondi (remote)
Committee Members Absent
None
Guests Present
Andrew Ellenbogen (remote), Dorothy Lee (remote), Jeremiah David (remote), Sarahai Garibay (remote)
I. Opening Items
A.
Record attendance and guests
B.
Call the Meeting to Order
C.
Approve agenda
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Alison Diaz |
Aye
|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Dr. Denise Berger |
Aye
|
II. Presentations from the Floor
A.
Presentation from the floor on non agenda items
B.
Presentations from the floor on agenda items
None.
III. Discussion Items / Updates
A.
22/23 EdTec Financial Update and 23/24 Budgets Presentation
EdTec consultant Dorothy Lee presented the 22/23 EdTec Financial Update and 23/24 Budgets Presentation:
22/23 P-2 ADA Update
- ECHS-L: P2 ADA 476.28, no change from forecasted ADA
- ECMS-G: P2 ADA 328.49, +3.81 from prior forecast
- ECMS-I: P2 ADA 334.8, +1.86 from prior forecast
- ECHS-G: P2 ADA 204.17, -1.18 from prior forecast
22/23 Forecast Changes
- ECHS-L: Operating income decreased by $26k
- ECMS-G: Operating income decreased by $27k
- ECMS-I: Operating income increased by $69k
- ECHS-G: Operating income increased by $7k
23/24 Budgets
- For each school, Budget Summary, Funding Driver Assumptions, Distribution of Budget - Revenues & Expenses, Cash Outlook in the EdTec slides were thoroughly reviewed by the Committee and guests
B.
Discussion: Edgility Compensation Analysis and Next Steps
Superintendent Farnaz Golshani-Flechner presented the Edgility Compensation Analysis slides with the next step of COLA-based increases and new pay schedules for the specified roles in July 2023.
IV. Consent Items A-G
A.
Recommend board approval of private donations over $1,000
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Alison Diaz |
Absent
|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Tracy Bondi |
Aye
|
B.
Recommend board approval of check registers and credit card statements
Roll Call | |
---|---|
Alison Diaz |
Absent
|
Tracy Bondi |
Aye
|
Bruce Greenspon |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Dr. Denise Berger |
Aye
|
C.
Recommend board approval of contracts
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Alison Diaz |
Absent
|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Dr. Denise Berger |
Aye
|
D.
Recommend board approval of Arts, Music and Instructional Materials Block Grant Expenditure Plan
Roll Call | |
---|---|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Alison Diaz |
Absent
|
Bruce Greenspon |
Aye
|
E.
Recommend board approval of ECS Expanded Learning Opportunities Program (ELO-P) Spending Plan 2023-2024
Roll Call | |
---|---|
Alison Diaz |
Absent
|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Dr. Denise Berger |
Aye
|
Bruce Greenspon |
Aye
|
F.
Recommend board approval of 2023-2024 Education Protection Act Plan and Resolution
Roll Call | |
---|---|
Tracy Bondi |
Aye
|
Alison Diaz |
Absent
|
Bruce Greenspon |
Aye
|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
G.
Recommend board approval of amended term for ECHS-Gardena / MBB & Gardena lease
Roll Call | |
---|---|
Tracy Bondi |
Aye
|
Alison Diaz |
Absent
|
Bruce Greenspon |
Aye
|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
V. Action Items
A.
Recommend board approval of 23/24 budgets for ECHS-L, ECMS-I, ECMS-G, ECHS-G
Roll Call | |
---|---|
Dr. Denise Berger |
Aye
|
Alison Diaz |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Bruce Greenspon |
Aye
|
Tracy Bondi |
Aye
|
B.
Recommend board approval of 23/24 Finance Committee Goals
Roll Call | |
---|---|
Dr. Denise Berger |
Aye
|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Alison Diaz |
Absent
|
Bruce Greenspon |
Aye
|
C.
Recommend board approval of revised ECS Financial Policies - Capitalization & Depreciation policy
Roll Call | |
---|---|
Tracy Bondi |
Aye
|
Alison Diaz |
Absent
|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Bruce Greenspon |
Aye
|
VI. Closing Items
A.
Appreciations
B.
Adjourn Meeting
Roll Call | |
---|---|
Dr. Denise Berger |
Absent
|
Alison Diaz |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Bruce Greenspon |
Aye
|
Tracy Bondi |
Aye
|
None.