Advanced Math & Science Academy Charter School
Minutes
Finance & Audit Committee Meeting
Date and Time
Thursday December 5, 2019 at 5:30 PM
Committee Members Present
Kristin Carney, Liana McLaren, Roger Jarrett
Committee Members Absent
Nicholas Poirier
Guests Present
Ellen Linzey, Eric Lane, Raul Porras
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
Liana McLaren called a meeting of the Finance & Audit Committee of Advanced Math & Science Academy Charter School to order on Thursday Dec 5, 2019 at 5:30 PM.
C.
Approve Minutes
Liana McLaren made a motion to approve minutes from the Finance Committee Meeting on 11-26-19 Finance Committee Meeting on 11-26-19.
Kristin Carney seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance & Audit
A.
Review Preliminary Financial Statements
Reviewed September and October 2019 Financial Statements
B.
Review Revised Investment Policy
Did not get to Review the Investment Policy hold for next finance meeting.
III. Other Business
A.
Discuss Boston Private Proposal for Money Market Account
Discussed opening a money market account with Boston Private. It was decided to have a phone call to discuss where we are at with financing needs first.
B.
Committee Topic Calendar
Did not have time to discuss the topic calendar will hold for review for next meeting.
C.
Committee SMART Goals
Did not have time to discuss the smart goals will hold for review for next meeting.
D.
Discuss Roof Proposals 165 Forest Street
Decided to go with the lowest bid. Company also highly recommended by the city inspector and has a very good reputation.
IV. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 6:30 PM.
Respectfully Submitted,
Liana McLaren