Summit Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Friday June 16, 2017 at 3:00 PM
Location
27 Huntington Street
Committee Members Present
K. Morton, N. Campbell, S. Handshaw
Committee Members Absent
None
Guests Present
M. Bernard
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
M. Bernard called a meeting of the Finance Committee of Summit Academy Charter School to order on Friday Jun 16, 2017 at 3:00 PM.
C.
Approve Minutes
S. Handshaw made a motion to approve minutes from the Finance Committee Meeting on 02-22-17 Finance Committee Meeting on 02-22-17.
N. Campbell seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance
A.
Pre-Audit Meeting
- Auditors on site for two days in June.
- Questions about electronic deposits of checks. Must be added to FPP.
- SACS team does not foresee any material findings this year.
- School looks to be ending fiscal year in the black.
B.
Budget Review
- Third version of budget to be shared with the board.
- Enrollment will be on target for the year.
- Campaign got over 40,000 views on Facebook.
- Ellen appearance helped with recruitment.
- Offer letters sent based on allocated funds to instructional and operational leadership.
III. 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 4:03 PM.
Respectfully Submitted,
N. Campbell