Martin Luther King Jr. Charter School of Excellence
Minutes
Finance Committee Meeting
Date and Time
Thursday September 11, 2025 at 9:30 AM
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
Committee Members Present
Alena Mudry (remote), Darren James (remote), Diana Foskett (remote), Kendra Salvador (remote), Megan Garnett (remote), Teremar Rodriguez-Vazquez (remote)
Committee Members Absent
None
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approval of Minutes
D.
Approval of Old Minutes
II. School Finance
A.
Review Monthly Financial Statement
B.
Cash Diversification and Investment
C.
Discussion of Long-Term Budget and Finance Issues
Send letter to vendor selected - we will be rebidding - a new vendor will help us reposition ourselves financially and find new bids, etc.
III. Committee Administration
A.
Discussion Regarding Committee Administration
Discussion on wanting to diversify this committee - the more the merrier.
Diana asked about personnel cost - it shows high for july and lower for august. Payroll is every two weeks so twice a year that there are three payrolls in one month - this is the reasoning why it was higher for lower.
Kendra has no updates about the CD diversification.
Diana would like to have a discussion next meeting to vote on what plan we have of where the money can go.