Final

Martin Luther King Jr. Charter School of Excellence

Finance Committee Meeting

Date and Time

Thursday September 11, 2025 at 9:30 AM EDT

Location

Join Zoom Meeting
https://mlkcs-org.zoom.us/j/84080061886?pwd=DyajcRwxdcNAbbBww1R3IhCdNxRdUs.1

 

 

Meeting ID: 840 8006 1886
Passcode: 654514

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Meeting ID: 840 8006 1886
Passcode: 654514

Find your local number: https://mlkcs-org.zoom.us/u/kttAZUpo2

 

https://mlkcs-org.zoom.us/j/2994882775?pwd=Z2R0cHcveVl4Ukp5cFJ3dGhWbWNUUT09 

Meeting ID: 299 488 2775
Passcode: Sk3wMR

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 9:30 AM
  A. Record Attendance   1 m
  B. Call the Meeting to Order  
  C. Approval of Minutes Approve Minutes
    Approve minutes for Finance Committee Monthly Meeting on August 14, 2025  
  D. Approval of Old Minutes Approve Minutes 5 m
    Approve minutes for Finance Committee Meeting on June 16, 2023  
II. School Finance 9:36 AM
  A. Review Monthly Financial Statement Discuss 5 m
   

Review and discussion of August 2025 Financial Statements with MLKCSE accountant.  Discussion may include comparison with prior month's expenses and projected future expenses.

  
  B. Cash Diversification and Investment Vote Diana Foskett 10 m
   

Discussion regarding progress of efforts to diversify and invest school's cash holdings, including review of institutional relationships, discussion of investment strategies, and working with local banks to maximize community contributions.  

 

Vote may be held regarding reallocation of funds with various banks and acceptance of various terms.  Vote will be to make a recommendation to the full Board of Trustees.

  
  C. Discussion of Long-Term Budget and Finance Issues Discuss 5 m
   

Discussion and updates of next year's budget planning process, including issues regarding state and federal payments, grants, and other line items of income and expenditure.  Discussion regarding long-term planning for the school and budget issues and priorities.

  
III. Committee Administration 9:56 AM
  A. Discussion Regarding Committee Administration Vote 5 m
   
  • Discussion regarding Committee administration, potential process improvements to committee, and amendments to the standing agenda,
  • Discussion regarding recruitment of new committee and/or Board of Trustees members,
  • Review and discussion of meeting agendas, minutes, records, and Open Meeting Law Compliance.
  • Discussion and scheduling of next committee meeting and requested agenda for next meeting, now set for:

October 9, 2025, 9:30 a.m., via Zoom.

 

Vote may be held to change date, time, or location of future finance committee meetings.

  
IV. Other Business
 

Discussion of matters that are not reasonably anticipated at this time.  Items raised may be addressed in future meeting agendas.

  
V. Closing Items
  A. Adjourn Meeting Vote