F.W. Parker Charter Essential School
Minutes
Finance Committee Meeting
Date and Time
Tuesday May 6, 2025 at 7:00 PM
http://parker.school/financecommittee
Committee Members Present
B. Muldoon (remote), E. Sturgis (remote), J. Appleton (remote), L. Clarke (remote), M. McKenna (remote), R. Egan (remote)
Committee Members Absent
C. Soderman, N. Odekirk Hatlevig
Guests Present
B. Harrigan (remote)
I. Opening Items
A.
Record Attendance and Introductions if needed
B.
Call the Meeting to Order
C.
Approve Minutes
approve minutes with adjustment to Brian attending as a guest
| Roll Call | |
|---|---|
| C. Soderman |
Absent
|
| N. Odekirk Hatlevig |
Absent
|
| B. Muldoon |
Aye
|
| R. Egan |
Aye
|
| M. McKenna |
Aye
|
| E. Sturgis |
Aye
|
| J. Appleton |
Aye
|
| L. Clarke |
Aye
|
II. Finance
A.
Q3FY25 results
Michelle presented the Q3FY25 Dashboard noting that there has not been significant change since Q2. The impact of the $300,000 bonus was noted in Q3. Year end projections should result in a surplus closer to the typical range after the bonus adjusting for the impact of 18-20 students above budget.
Michelle attached detail net asset statements and P&L. Rick asked about the increasing payroll accrual. Michelle explained that this is related to the summer lump sum salary payout received by almost all of the teaching staff.
B.
Policy review
Michelle presented full fiscal policy handbook with recommended and approved adjustments from prior meeting as an FYI. Board will do a first read of recommended changes at their May meeting.
III. Closing Items
A.
Adjourn Meeting
- Q3FY25 Dashboard.pdf
- interim net assets 33125.pdf
- interim P&L 33125.pdf
- FY25 fiscal policy and procedures.pdf
Brian Harrigan attended as a guest