Kairos Academies
Minutes
Finance Committee Meeting
Date and Time
Tuesday March 25, 2025 at 8:00 AM
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.
https://us06web.zoom.us/j/84052766924
Committee Members Present
A. Jackson (remote), A. Trapp (remote), B. Jackson (remote), K. Graham (remote), K. Owen (remote)
Committee Members Absent
None
Guests Present
L. LeComb (remote), Martha (remote), Robbyn Wahby (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Monthly Financial Approval
A.
Approve February Financials
III. Review Documents
A.
Letter of Concern Action Steps
- Reviewed the update to the two signer policy to address auditor concerns.
B.
Overview of 25-26 Budget Projections (Finance Memo Review)
- Discussed budget process for 25-26. Highlighted expected enrollment of 553.
- Aims for net surplus with a payroll allocation cap.
C.
Annual Report Financial Review
D.
Committee Presentation
- Discussed the monthly finance review.
- Started with board ASBR reflection
- Discussed reducing outstanding liabilities
- Insurance Update
IV. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:00 AM.
Respectfully Submitted,
A. Trapp
- Discussed lower than forecasted reimbursements
- Approved February Financials