F.W. Parker Charter Essential School
Minutes
Finance Committee Meeting
Date and Time
Thursday October 10, 2024 at 5:30 PM
http://parker.school/financecommittee
Committee Members Present
B. Harrigan, B. Muldoon, C. Soderman, J. Appleton, L. Clarke, M. McKenna, N. Odekirk Hatlevig
Committee Members Absent
None
Guests Present
Craig Peacock (remote), P. Gordon
I. Opening Items
A.
Record Attendance and Introductions if needed
B.
Call the Meeting to Order
C.
Approve Minutes
| Roll Call | |
|---|---|
| C. Soderman |
Aye
|
| B. Muldoon |
Aye
|
| L. Clarke |
Aye
|
| J. Appleton |
Abstain
|
| N. Odekirk Hatlevig |
Abstain
|
| B. Harrigan |
Aye
|
| M. McKenna |
Aye
|
II. Finance
A.
Meeting slides
B.
Audit presentation
C.
Annual calendar
Michelle presented the annual calendar for review
D.
Goal setting
Michelle presented a draft goal for fincom.
Draft goal
Support the implementation of the of strategic plan and facilities upgrades by creating a model for investing and risk-taking including utilization of reserves to inlcude reviewing and updating reserve policy as needed
Succession planning for chair position
Brian asked that the model include plans for when, under what condition and how much
E.
Intro to Strategic Plan Funding
Michelle presented a preview about current reserve balances and policies. Brian previewed a potential ask in November to support the Strategic plan implementation related to development with potentially an additional ask in March depending on findings. Brian will return with more information in November.
III. Closing Items
A.
Adjourn Meeting
- Oct meeting.pptx
- FWP Charter Essential School 319015 FS24 23- Draft.pdf
Audit Partner, Craig Peacock, present the FY24 audit report as attached. Craig presented all required communications including that the audit was independent. The audit found no unapproved transactions. The auditors had no difficulties with management, made no adjustments, and found all the support necessary. The general ledger was clean. The audit report presents an unmodified (clean) opinion with no weakness or deficiencies found.