River Valley Charter School

Minutes

Finance Committee Meeting

Date and Time

Wednesday March 18, 2026 at 12:00 PM

Location

Microsoft Teams meeting

Join: https://teams.microsoft.com/meet/2367036987214?p=fBkmyupIiJkWAOW0RR

Meeting ID: 236 703 698 721 4 

Passcode: Se9ry95o

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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.

Committee Members Present

C. Marie (remote), C. Whitford (remote), D. Mitchell (remote), G. LeFave (remote), K. Kuse (remote)

Committee Members Absent

D. Draper

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

C. Whitford called a meeting of the Finance & Facilities Committee of River Valley Charter School to order on Wednesday Mar 18, 2026 at 12:00 PM.

II. Finance

A.

Review 2026 Financial Results

  • Current favorable variance of $100K, but does include a $75K ask from the RVCS Foundation as budgeted.
  • Similar to prior years, salary expense is driving favorable difference due to benefit time.
  • There are timing differences so we will get updates as year progresses.

B.

2026 - 2027 Budget Discussion (Tuition and Salary Pool)

DESE revenue projections for 2026 is holding and 6% is current projection for FY2027.  Will work on budgeted and suggested salary increase for April meeting.

III. 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 12:55 PM.

Respectfully Submitted,
C. Whitford
Documents used during the meeting
  • January Financials.xlsx