Final

River Valley Charter School

Finance Committee Meeting

Published on April 13, 2026 at 9:53 PM EDT

Date and Time

Thursday April 16, 2026 at 8:30 AM EDT

Location

Microsoft Teams meeting

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Meeting ID: 267 265 776 773 538 

Passcode: nX7SE9e7

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River Valley Charter School welcomes your participation at Board meetings. The purpose of a public meeting of the Board of Trustees (“Board”) is to conduct the affairs of the organization in public. Your participation assures us of continuing community interest in our school and assists the Board in making the best decisions for our school. To assist you in the ease of speaking/participating in our meetings, guidelines are provided at the bottom of this agenda. All materials for all board and committee meetings, are available on our Board on track public portal found at rivervalleycharter.org.

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 8:30 AM
  A. Record Attendance   1 m
  B. Call the Meeting to Order  
II. Finance 8:31 AM
  A. Review March 2025 Financial Results Discuss Central Source 15 m
   
  • Favorable difference on salary and benefits and overall position.
    • Allocation
    • Capital Plan
  
  B. 2026 - 2027 Budget Discussion (Tuition and Salary Pool) Discuss Chris Whitford 20 m
   
  • Current year budgeted salary expense of $3,989,488 over our budgeted revenue of $5,487,313 which is 72.7%, a good marker for going forward.
  • Updated current year salary of $3,918,965, favorable to the budgeted number.
    • Suggested increase from E.D. is $4,130,258 which represents a 5.3% increase vs. current, and a 3.5% vs. budget.
      • This $4.1M represents 73.1% of a potential 3% tuition raise to $5,645,752.
      • This $4.1M represents 71.0% of a potential 6% tuition raise to $5,817,807 (inline with current DESE projections).
  
III. Other Business
IV. Closing Items 9:06 AM
  A. Adjourn Meeting Vote Chris Whitford 5 m
  B. Approve Minutes Approve Minutes Chris Whitford 1 m
    Approve minutes for Finance Committee Meeting on March 18, 2026  
  C. Approve Minutes Approve Minutes Chris Whitford 1 m
    Approve minutes for Finance Committee Meeting on December 10, 2025  

THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE Notice is hereby given that the order of consideration of matters on this agenda may be changed without prior notice.

REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY The Board Chair reserves the right to impose reasonable time limits on public testimony to ensure that the agenda is completed.