Advanced Math & Science Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Tuesday October 19, 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
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 Tuesday Oct 19, 2021 at 5:30 PM.
C.
Approve Minutes
Roger Jarrett made a motion to approve the minutes from Finance Committee Meeting on 07-22-21.
Dawn Capello seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| Liana McLaren |
Aye
|
| Lucy Ferrante |
Absent
|
| Dawn Capello |
Aye
|
| Roger Jarrett |
Aye
|
| Kristin Carney |
Aye
|
| Nicholas Poirier |
Aye
|
D.
Approve Minutes
Dawn Capello made a motion to approve the minutes from Finance Committee Meeting on 08-02-21.
Roger Jarrett seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| Lucy Ferrante |
Absent
|
| Liana McLaren |
Aye
|
| Nicholas Poirier |
Aye
|
| Kristin Carney |
Abstain
|
| Roger Jarrett |
Aye
|
| Dawn Capello |
Aye
|
E.
Approve Minutes
Dawn Capello made a motion to approve the minutes from Finance Committee Meeting on 08-24-21.
Roger Jarrett seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| Nicholas Poirier |
Aye
|
| Roger Jarrett |
Aye
|
| Kristin Carney |
Aye
|
| Dawn Capello |
Aye
|
| Liana McLaren |
Aye
|
| Lucy Ferrante |
Absent
|
F.
Approve Minutes
Dawn Capello made a motion to approve the minutes from Finance Committee Meeting on 09-15-21.
Roger Jarrett seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| Liana McLaren |
Aye
|
| Kristin Carney |
Abstain
|
| Dawn Capello |
Aye
|
| Roger Jarrett |
Aye
|
| Nicholas Poirier |
Aye
|
| Lucy Ferrante |
Absent
|
II. Finance & Audit
A.
Review updated fye 2022 budget
- No major financial changes from previous draft
- General discussion regarding when AMSA will begin to draw down from the amount borrowed (estimate, Summer 2022)
- Discussion around Kassenia and Liana creating a tracking system for the finances related to the renovation & building project. Liana will report out monthly to the Finance Committee
- Nick - we need a Schedule of Values from Bob as soon as possible to plan AMSA cash flow on a monthly basis. Ellen to follow up.
- Discussion: separate account to place building project donations/fundraising into to keep separate from operating budget
- November agenda: accounting for fundraising; process for releasing funds
- KC and LM to present FY2022 budget at the 10/28/21 Board of Trustees meeting.
B.
Urgent Business
None
III. Closing Items
A.
Adjourn Meeting
Dawn Capello made a motion to Adjourn Meeting.
Roger Jarrett seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| Kristin Carney |
Aye
|
| Roger Jarrett |
Aye
|
| Lucy Ferrante |
Absent
|
| 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 6:30 PM.
Respectfully Submitted,
Dawn Capello