F.W. Parker Charter Essential School
Minutes
Finance Committee Meeting
Date and Time
Tuesday January 14, 2025 at 5:30 PM
Location
Remote
http://parker.school/financecommittee
http://parker.school/financecommittee
Committee Members Present
B. Harrigan (remote), B. Muldoon (remote), C. Soderman (remote), J. Appleton (remote), L. Clarke (remote), M. McKenna (remote)
Committee Members Absent
N. Odekirk Hatlevig
I. Opening Items
A.
Record Attendance and Introductions if needed
B.
Call the Meeting to Order
C.
Approve Minutes - hold until next meeting
II. Finance
A.
FY26 Tuition Budget Preview
Michelle gave a preview to the committee that numbers for FY26 are now trending more favorable and that likely Brian and Michelle would be presenting updated FY26 tuition options for the February meeting.
B.
Update on Audit and Mid year
Michelle presented that the audit firm will honor the $16500 audit fee for FY25 and FY26. The midyear work can be done as "preliminary" audit work, and the auditor will follow-up in results as an email rather than a separate formal report. The committee agreed that this was adequate but wanted Michelle to seek out other options for FY26.
C.
Strategic Plan Implementation Costs
Michelle reminded the committee that the Board will be looking to the Finance Committee in February to endorse or have comments on the reserve spending for the new org chart and strategic initiatives to allow Brian to move forward with advertising for a Principal.
D.
Ste February meeting
The committee selected 2/10 from 5:30-7 as the next meeting time.
hold minutes from 1/6 until Feb meeting