Martin Luther King Jr. Charter School of Excellence
Minutes
Finance Committee Meeting
Date and Time
Thursday May 14, 2026 at 10:00 AM
Location
Join Zoom Meeting
https://mlkcs-org.zoom.us/j/81184078552?pwd=04wAmd5cdM55CbWmJFvu9sLIbq3W33.1
Meeting ID: 811 8407 8552
Passcode: 647507
---
One tap mobile
+13092053325,,81184078552#,,,,*647507# US
+13126266799,,81184078552#,,,,*647507# US (Chicago)
---
Dial by your location
• +1 309 205 3325 US
• +1 312 626 6799 US (Chicago)
• +1 646 931 3860 US
• +1 929 205 6099 US (New York)
• +1 301 715 8592 US (Washington DC)
• +1 305 224 1968 US
• +1 564 217 2000 US
• +1 669 444 9171 US
• +1 669 900 6833 US (San Jose)
• +1 689 278 1000 US
• +1 719 359 4580 US
• +1 253 205 0468 US
• +1 253 215 8782 US (Tacoma)
• +1 346 248 7799 US (Houston)
• +1 360 209 5623 US
• +1 386 347 5053 US
• +1 507 473 4847 US
Meeting ID: 811 8407 8552
Passcode: 647507
Find your local number: https://mlkcs-org.zoom.us/u/kbjgltk4wE
Committee Members Present
Alena Mudry (remote), Diana Foskett (remote), Kendra Salvador (remote), Megan Garnett (remote), Nealon Jaynes-Lewis (remote)
Committee Members Absent
Caleb Pointdujour, Darren James, Teremar Rodriguez-Vazquez
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approval of Minutes
II. School Finance
A.
Review Monthly Financial Statement
Diana reviewed the school's financial records from April 2026 with Megan, who explained the Mass Teacher Retirement System account.
Overall, budget is in strong position.
At next board meeting, next year's budget and capital plan will be voted for approval.
B.
Discussion of Long-Term Budget and Finance Issues
The group also addressed concerns about the parking lot project, where critical negotiations had occurred without stakeholder involvement.
It was decided that school attorney will be involved to help intervene in the situation and discuss available options.
III. Committee Administration
A.
Discussion Regarding Committee Administration
Next meeting is scheduled for June 11th at 10:00 AM.
Quorum not met- minutes from last month's meeting could not be voted on. Will do vote at next meeting.