River Valley Charter School
Minutes
Finance Meeting
Date and Time
Wednesday December 11, 2024 at 6:00 PM
Location
This meeting will be held virtually. Click HERE for Zoom Link.
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. Whitford (remote), D. Landry (remote), D. Mitchell (remote), J. Lindenmayer (remote), K. Kuse (remote)
Committee Members Absent
C. Marie, D. Draper, G. LeFave
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
II. Finance
A.
Review Year-to-Date Financial Results
B.
Onsight Insite Analysis
The Committee reviewed the Onsight Insite analysis and discussed what projects in the analysis had already been completed. There were multiple items that related to grounds redesign and the Committee discussed recommending an amount that could be used from the Capital Reserve account for the Ground Redesign project. Based on the current position, and the Onsight Analysis, the recommendation is $175,000.
C.
Other Items
III. Closing Items
A.
Adjourn Meeting
- River Valley Cash Flow_11.30.24.pdf
- River Valley P&L_11.30.24.xlsx.pdf
- River Valley BS vs PY.pdf
- Capital Needs Assessment-Replacement Reserve Analysis-04-29-2022.pdf
Committee reviewed the 11/30/24 financial statements noting all items are in line with budget. School is showing positive income through five months but many expenses will fluctuate based on timing. Overall, in a strong position but waiting for updates from DESE on expected income projections. Initial comments from Mass. Charter Schools is this could be reduced.