Environmental Charter Schools
Minutes
Finance Committee Meeting
Date and Time
Friday June 14, 2024 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
Mason Williams
Andrew Ellenbogen
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 2023-2024
- Engage board in a critical assessment of the budget as it relates to organizational priorities and goals
- Hold a yearly ECS financial training course for ECS Staff and/or New Board members
- Ensure school budgets and cash flows are transparent, supportable, and sustainable
- Support ECHSG'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
Andrew Ellenbogen (remote), Bruce Greenspon (remote), Farnaz Golshani-Flechner (remote), Mason Williams (remote), Tracy Bondi (remote)
Committee Members Absent
Dr. Denise Berger
Guests Present
Dorothy Lee (remote), Jair Ventura (remote), Jeremiah David (remote), Remco Waller (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
|
Dr. Denise Berger |
Absent
|
Mason Williams |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Tracy Bondi |
Aye
|
Andrew Ellenbogen |
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.
23/24 EdTec Financial Update and 24/25 Budgets Presentation
EdTec consultant Dorothy Lee presented the 23/24 EdTec Financial Update and 24/25 Budgets Presentation:
23/24 Forecast Changes
- ECHSL: Operating income increased by $51k
- ECMSG: Operating income increased by $21k
- ECMSI: Operating income increased by $24k
- ECHSG: Operating income decreased by $49k
24/25 May Revise Highlights
- 1.07% COLA (up from .76%)
- COLA extends to SpEd, Nutrition, MBG, Equity Multiplier, and more
- Increased COLA adds ~$50/ADA
- No deferrals, no new programs or funds
24/25 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 of potential 24/25 Finance Committee Goals
The Committee briefly discussed current Finance Committee Goals and potential 24/25 Finance Committee Goals. The Committee will return with recommendations at their next meeting.
IV. Consent Items A-E
A.
Recommend board approval of private donations over $1,000
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Tracy Bondi |
Aye
|
Mason Williams |
Aye
|
Dr. Denise Berger |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Andrew Ellenbogen |
Aye
|
B.
Recommend board approval of contracts
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Andrew Ellenbogen |
Aye
|
Mason Williams |
Aye
|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
C.
Recommend board approval of check registers and credit card statements
Roll Call | |
---|---|
Dr. Denise Berger |
Absent
|
Bruce Greenspon |
Aye
|
Andrew Ellenbogen |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Mason Williams |
Aye
|
Tracy Bondi |
Aye
|
D.
Recommend board approval of 2024-2025 Education Protection Act Plan and Resolution
Roll Call | |
---|---|
Dr. Denise Berger |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Andrew Ellenbogen |
Aye
|
Mason Williams |
Aye
|
Bruce Greenspon |
Aye
|
Tracy Bondi |
Aye
|
E.
Recommend board approval of Proposition 28 Arts and Music in Schools Annual Report FY24
Roll Call | |
---|---|
Mason Williams |
Aye
|
Tracy Bondi |
Aye
|
Bruce Greenspon |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Andrew Ellenbogen |
Aye
|
Dr. Denise Berger |
Absent
|
V. Action Item
A.
Recommend board approval of 24/25 budgets for ECHS-L, ECMS-I, ECMS-G, ECHS-G
Roll Call | |
---|---|
Andrew Ellenbogen |
Aye
|
Bruce Greenspon |
Aye
|
Dr. Denise Berger |
Absent
|
Mason Williams |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Tracy Bondi |
Aye
|
VI. Closing Items
A.
Appreciations
Superintendent Farnaz Golshani-Flechner appreciated Accounting & Payroll Manager Sarahai Garibay in her increased role working with the principals and Finance Director Tracy Bondi in developing the FY25 school budgets.
Finance Director Tracy Bondi appreciated the constant and diligent collaborative work with Farnaz Golshani-Flechner to develop the budgets.
Committee member Bruce Greenspon and community member Remco Waller appreciated the hard work of the Home Office team and Dorothy Lee in keeping ECS's financial picture in very good shape.
B.
Adjourn Meeting
Roll Call | |
---|---|
Dr. Denise Berger |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Andrew Ellenbogen |
Aye
|
Tracy Bondi |
Aye
|
Bruce Greenspon |
Aye
|
Mason Williams |
Aye
|
None.