Environmental Charter Schools
Minutes
Finance Committee Meeting
Date and Time
Friday September 13, 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
- 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
Bruce Greenspon (remote), Dr. Denise Berger (remote), Farnaz Golshani-Flechner (remote), Tracy Bondi (remote)
Committee Members Absent
Andrew Ellenbogen, Mason Williams
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 | |
---|---|
Tracy Bondi |
Aye
|
Andrew Ellenbogen |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Dr. Denise Berger |
Aye
|
Mason Williams |
Absent
|
Bruce Greenspon |
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.
2023-24 financial review and 2024-25 revised budgets
EdTec consultant Dorothy Lee presented the ECS Financial Update slides:
- 2023-24 forecast changes to unaudited actuals
- ECHS-Lawndale: Operating Income decreased by $43k
- ECMS-Gardena: Operating Income decreased by $35k
- ECMS-Inglewood: Operating Income decreased by $9k
- ECHS-Gardena: Operating Income increased by $434k
- 2024-25 budget forecast changes
- ECHS-Lawndale: Operating income decreased by $167k
- ECMS-Gardena: Operating income increased by $32k
- ECMS-Inglewood: Operating income increased by $310k
- ECHS-Gardena: Operating income increased by $11k
IV. Consent Items A-E
A.
Recommend board approval of private donations over $1,000
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Mason Williams |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Aye
|
Andrew Ellenbogen |
Absent
|
B.
Recommend board approval of contracts
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Dr. Denise Berger |
Aye
|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Andrew Ellenbogen |
Absent
|
Mason Williams |
Absent
|
C.
Recommend board approval of check registers and credit card statements
Roll Call | |
---|---|
Farnaz Golshani-Flechner |
Aye
|
Dr. Denise Berger |
Aye
|
Tracy Bondi |
Aye
|
Bruce Greenspon |
Aye
|
Andrew Ellenbogen |
Absent
|
Mason Williams |
Absent
|
D.
Recommend board approval of 2024-25 Finance Committee goals
Roll Call | |
---|---|
Farnaz Golshani-Flechner |
Aye
|
Bruce Greenspon |
Aye
|
Mason Williams |
Absent
|
Andrew Ellenbogen |
Absent
|
Tracy Bondi |
Aye
|
Dr. Denise Berger |
Aye
|
E.
Recommend board approval of Unaudited Actuals for ECHS-L, ECMS-G, ECMS-I, ECHS-G
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Andrew Ellenbogen |
Absent
|
Mason Williams |
Absent
|
Dr. Denise Berger |
Aye
|
V. Action Item
A.
Recommend board approval of revised 2024-25 budgets for ECHS-L, ECMS-G, ECMS-I, ECHS-G
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Tracy Bondi |
Aye
|
Andrew Ellenbogen |
Absent
|
Mason Williams |
Absent
|
Dr. Denise Berger |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
B.
Recommend board approval of ECS Resolutions for 2024 Financing
Roll Call | |
---|---|
Dr. Denise Berger |
Aye
|
Bruce Greenspon |
Aye
|
Tracy Bondi |
Aye
|
Farnaz Golshani-Flechner |
Aye
|
Mason Williams |
Absent
|
Andrew Ellenbogen |
Absent
|
VI. Closing Items
A.
Appreciations
Appreciations were shared all around among the committee and staff.
B.
Adjourn Meeting
Roll Call | |
---|---|
Bruce Greenspon |
Aye
|
Andrew Ellenbogen |
Absent
|
Farnaz Golshani-Flechner |
Aye
|
Dr. Denise Berger |
Aye
|
Tracy Bondi |
Aye
|
Mason Williams |
Absent
|
None.