Advanced Math & Science Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Wednesday September 15, 2021 at 5:30 PM
Committee Members Present
Dawn Capello (remote), Kristin Carney (remote), Liana McLaren (remote), Nicholas Poirier (remote), Roger Jarrett (remote)
Committee Members Absent
Lucy Ferrante
Guests Present
Bob Baldwin (remote), Ellen Linzey (remote)
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 Wednesday Sep 15, 2021 at 5:30 PM.
II. Finance & Audit
A.
Review updated fye 2022 budget
A draft of the fye 2022 Revised Budget was reviewed and discussed. It was agreed that we need to get more understanding of the cash flow for the project for the next meeting in October 2021. Also the budget will need to be finalized in October so that we can address our open items on the Annual Report.
Dawn Capello made a motion to Approve the 20 Year Interest Rate Lock Period.
Nicholas Poirier seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| Lucy Ferrante |
Absent
|
| Nicholas Poirier |
Aye
|
| Roger Jarrett |
Aye
|
| Kristin Carney |
Aye
|
| Dawn Capello |
Aye
|
| Liana McLaren |
Aye
|
B.
Other Business
Dawn Capello made a motion to Approve the Hannah Street Consulting Contract.
Nicholas Poirier seconded the motion.
We discussed and reviewed the Consulting contract for $20,000.
It was also discussed that there needs to be some clarification on the purchasing policy we created last year. We will address this in the October meeting.
The committee VOTED unanimously to approve the motion.
It was also discussed that there needs to be some clarification on the purchasing policy we created last year. We will address this in the October meeting.
| Roll Call | |
|---|---|
| Dawn Capello |
Aye
|
| Roger Jarrett |
Aye
|
| Liana McLaren |
Aye
|
| Kristin Carney |
Aye
|
| Nicholas Poirier |
Aye
|
| Lucy Ferrante |
Absent
|
C.
Discuss Anser Contract
Dawn Capello made a motion to Recommend the BOT approves the Anser Contract.
Nicholas Poirier seconded the motion.
Bob Baldwin gave a quick review of the major items in the Anser Contract and what is included and what is excluded. It was discussed and then recommended to present this to the Board on 9/23 and recommend they vote to approve as is.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| Nicholas Poirier |
Aye
|
| Dawn Capello |
Aye
|
| Lucy Ferrante |
Absent
|
| Liana McLaren |
Aye
|
| Roger Jarrett |
Aye
|
| Kristin Carney |
Aye
|
III. Closing Items
A.
Adjourn Meeting
Liana McLaren made a motion to Adjourn Meeting.
Dawn Capello seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| Lucy Ferrante |
Absent
|
| Kristin Carney |
Aye
|
| Roger Jarrett |
Aye
|
| Dawn Capello |
Aye
|
| Liana McLaren |
Aye
|
| Nicholas Poirier |
Aye
|
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 7:20 PM.
Respectfully Submitted,
Liana McLaren