River Valley Charter School
Minutes
Finance Meeting
Date and Time
Wednesday June 4, 2025 at 6:00 PM
Location
River Valley Charter School Middle School Great Room
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.
Committee Members Present
C. Marie (remote), C. Whitford, D. Draper, D. Mitchell (remote), G. LeFave, J. Lindenmayer, K. Kuse
Committee Members Absent
None
Guests Present
D. Herrera
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes from 5/14/25
Roll Call | |
---|---|
C. Whitford |
Aye
|
J. Lindenmayer |
Aye
|
K. Kuse |
Aye
|
C. Marie |
Aye
|
D. Draper |
Aye
|
G. LeFave |
Aye
|
D. Mitchell |
Aye
|
II. Finance
A.
Review Revenue Projections and Financial Position
Committee reviewed the April 2025 financials. Central Source indicated that May in tracking in a similar way and the Committee should plan on $265K surplus.
The Committee reviewed new dashboard items and will continue to work on these for the Board. The dashboard includes notes on material financial statement line items with a 5% or more variance to the budget.
Roll Call | |
---|---|
G. LeFave |
Aye
|
C. Marie |
Aye
|
J. Lindenmayer |
Aye
|
D. Draper |
Aye
|
D. Mitchell |
Aye
|
K. Kuse |
Aye
|
C. Whitford |
Aye
|
B.
2025 - 2026 Budget
The Committee picked up the discussion regarding the 2025-2026 budget. The Committee and Board previously approved a 3% increase to the current staff salaries.
In prior years, the budget included $100K income from the RVCS Foundation. In 2024-2025, only $75K was budgeted. Based on the current results, we will not be requesting the $75K. However, for 2025-2026, the Committee has budgeted the historical $100K plus the $75K that has not been taken this year.
Roll Call | |
---|---|
C. Whitford |
Aye
|
J. Lindenmayer |
Aye
|
C. Marie |
Aye
|
D. Draper |
Aye
|
D. Mitchell |
Aye
|
G. LeFave |
Aye
|
K. Kuse |
Aye
|
III. Closing Items
A.
Adjourn Meeting
- April Financials.xlsx
- Budget.xlsx