Final

Martin Luther King Jr. Charter School of Excellence

Finance Committee Meeting

Date and Time

Thursday November 13, 2025 at 9:30 AM EST

Location

Board Of Trustees is inviting you to a scheduled Zoom meeting.

Topic: Board Of Trustees's Personal Meeting Room
Join Zoom Meeting
https://mlkcs-org.zoom.us/j/2994882775?pwd=Z2R0cHcveVl4Ukp5cFJ3dGhWbWNUUT09

Meeting ID: 299 488 2775
Passcode: Sk3wMR

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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 Meeting on October 16, 2025  
II. School Finance 9:31 AM
  A. Review Monthly Financial Statement Discuss 5 m
   

Review and discussion of October 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. Audited Financial Statements 9:51 AM
  A. Vote on Audited Financial Statements for SY24-25 5 m
   

Review and vote on recommendation to accept audited financial statements for SY24-25.  May include discussion and/or voting on prior school year statements and recommendations.

  
IV. 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:

December 4, 2025, 9:30 a.m., via Zoom.

 

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

  
V. Other Business
 

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

  
VI. Closing Items
  A. Adjourn Meeting Vote