River Valley Charter School
Minutes
Finance Meeting
Date and Time
Wednesday March 12, 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. Landry (remote), D. Mitchell (remote), J. Lindenmayer (remote), K. Kuse
Committee Members Absent
G. LeFave
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
II. Finance
A.
Review 2025 Financial Results
- Tuition is on track with budgeted amount.
- Took $71K in federal grants to reimburse previously example and all funds are allocated appropriately.
- $2,700 currently in Private Income is fundraising that will be moved to the Foundation.
- Request of Central Source to provide monthly reporting on Foundation that shows restricted assets, unrestricted assets, and current year fundraising.
- Expenses favorable to date but additional costs for pupil services and school psychologist is expected before the end of the year.
B.
2025 - 2026 Budget Discussion (Tuition and Salary Pool)
- DESE released FY26 Tuition Projections at +4.5%. This is very subjective and dependent on Federal and State budgets.
- Discussion regarding salary pool for 2025-2026 and how fundraising can impact the overall financials of the organization.
III. Closing Items
A.
Adjourn Meeting
- RiverValey_BSvsPY_2.28.25.pdf
- RiverValley_Statement of Cash Flows_2.28.25.pdf
- River Valley P&L_2.28.25.xlsx