Advanced Math & Science Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Tuesday January 25, 2022 at 5:30 PM
Committee Members Present
Dawn Capello (remote), Kristin Carney (remote), Liana McLaren (remote), Lucy Ferrante (remote), Roger Jarrett (remote)
Committee Members Absent
Nicholas Poirier
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 Jan 25, 2022 at 5:30 PM.
C.
Approve Minutes
Dawn Capello made a motion to approve the minutes from Finance Committee Meeting on 12-15-21.
Roger Jarrett seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| Nicholas Poirier |
Absent
|
| Lucy Ferrante |
Abstain
|
| Kristin Carney |
Aye
|
| Liana McLaren |
Aye
|
| Roger Jarrett |
Aye
|
| Dawn Capello |
Aye
|
II. Finance & Audit
A.
Review December 2021 Financial Statements
B.
Capital Campaign Money
Update from Ellen: met with Soaring Eagles Foundation and the Capital Campaign donations will be collected via the Foundation and dispersed to AMSA.
Action Item: Liana to discuss with auditors how often to withdraw funds from the Foundation and any pertinent rules that apply.
C.
Review Building Tracking Report
Reviewed the monthly new building expenses project tracking spreadsheet. Data current through 11/30/2020. December and the months ahead will show more activity.
III. Closing Items
A.
Adjourn Meeting
Kristin Carney made a motion to Adjourn.
Dawn Capello seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| Kristin Carney |
Aye
|
| Roger Jarrett |
Aye
|
| Nicholas Poirier |
Absent
|
| Lucy Ferrante |
Aye
|
| Liana McLaren |
Aye
|
| Dawn Capello |
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
Documents used during the meeting
- December 2021 Financial Statements.xlsx
- Capital Campaign Money Proceedure Draft 1.25.22.docx
- December Construction Tracking.xlsx
Liana provided monthly update. Overall, trends are positive.
Highlights include:
Action item: Liana to provide grants breakdown at February meeting
Action item: Dawn to create executive summary for finance section of future Board of Trustee consent agendas.