Kairos Academies
Finance Committee Meeting
Published on September 18, 2023 at 11:19 PM CDT
Date and Time
Tuesday September 19, 2023 at 8:00 AM CDT
Location
Kairos Academies
3449 S Jefferson Avenue
St. Louis, MO 63118
We invite you join us at this Zoom link. This notice was published at www.kairosacademies.org/board at least one day prior to the meeting.
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 8:00 AM | |||
| A. | Record Attendance | 1 m | |||
| B. | Call the Meeting to Order | ||||
| C. | Approve Minutes | Approve Minutes | 1 m | ||
| D. | Follow-up: Closing the budget vs. actual revenue gap? | ||||
| II. | Enrollment Update | 8:02 AM | |||
| A. | School enrollment as of 9/13 | 5 m | |||
| B. | School ADA | 5 m | |||
| III. | Revenue | 8:12 AM | |||
| A. | Current enrollment with 85% ADA | ||||
| B. | Current Enrollment with 90% ADA | 5 m | |||
| C. | Current Enrollment with KA Historical ADA (84-87%) | 5 m | |||
| IV. | Expenses | 8:22 AM | |||
| A. | Freeze open positions (Possible savings 500k) | ||||
| B. | Discretionary cut (15%)? | 5 m | |||
| C. | Discussion | 5 m | |||
| V. | August Financials | 8:32 AM | |||
| A. | Reforecast based of August data | 5 m | |||
| VI. | Finance Committee Goals | 8:37 AM | |||
| A. | Cash Reserve | 5 m | |||
| B. | School Assets Cover Liabilities | 5 m | |||
| C. | Reasonable Proportion of Assets Financed | 5 m | |||
| D. | Clean Annual Audit | 5 m | |||
| E. | Next Steps | 5 m | |||
| VII. | Closing Items | 9:02 AM | |||
| A. | Adjourn Meeting | Vote | |||