Advanced Math & Science Academy Charter School
Minutes
Finance Committee Meeting
Finance Committee Meeting
Date and Time
Monday April 11, 2022 at 5:30 PM
Committee Members Present
Dawn Capello (remote), Kristin Carney (remote), Liana McLaren (remote), Lucy Ferrante (remote), Nicholas Poirier (remote), Roger Jarrett (remote)
Committee Members Absent
None
Committee Members who arrived after the meeting opened
Nicholas Poirier
Guests Present
Bela Gorman (remote), Ellen Linzey (remote), Padmaja Bandaru (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 Monday Apr 11, 2022 at 5:30 PM.
Nicholas Poirier arrived.
C.
Approve Minutes
Dawn Capello made a motion to approve the minutes from Finance Committee Meeting on 03-14-22.
Liana McLaren seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| Nicholas Poirier |
Aye
|
| Liana McLaren |
Aye
|
| Dawn Capello |
Aye
|
| Roger Jarrett |
Aye
|
| Lucy Ferrante |
Aye
|
| Kristin Carney |
Abstain
|
II. Finance & Audit
A.
Review March 2022 Financial Statements
B.
Review Draft Budget fye 2023
Liana provided:
*High level overview of the FY23 operating budget
*Budget approval timeline
4/11/22 High level overview
5/16/22 In depth review (approx 2hrs)
5/24/22 Final review (in needed, approx 1hr)
5/26/22 Present FY23 operating budget at the Board of Trustees meeting
C.
Review Building Tracking Report
Tabled. No new information.
D.
Other/Urgent Business
Kristin Carney(Committee Chair) appointed Bela Gorman to the finance committee
III. Closing Items
A.
Adjourn Meeting
Roger Jarrett made a motion to Adjourn.
Kristin Carney seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| Liana McLaren |
Aye
|
| Kristin Carney |
Aye
|
| Nicholas Poirier |
Aye
|
| Dawn Capello |
Aye
|
| Roger Jarrett |
Aye
|
| Lucy Ferrante |
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
- March 2022 Financial Statements.xlsx
- Budget 2022-2023 Draft.xlsx
Liana provided the March 2022 financials update
*Tuition down approx $100,000 per DESE's latest update. Final tuition numbers from DESE will arrive on or around June 30, 2022.
*Overall, the projections for the FY22 budget are on track. No concerns