Magnolia Public Schools
Minutes
Audit/Facilities Committee Meeting
Date and Time
Thursday January 18, 2024 at 6:30 PM
Location
Home Office: 250 E. 1st Street, Suite 1500, Los Angeles, CA 90012
Audit/Facilities Committee Members:
Mr. Mekan Muhammedov, Chair
Ms. Diane Gonzalez
Dr. Salih Dikbas (alternate)
CEO and Superintendent:
Mr. Alfredo Rubalcava
Committee Members Present
D. Gonzalez, M. Muhammedov
Committee Members Absent
None
Guests Present
J. Lara
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance and Guests
C.
Approval of Agenda
| Roll Call | |
|---|---|
| D. Gonzalez |
Aye
|
| M. Muhammedov |
Aye
|
D.
Public Comments
No public comments were made at this time.
E.
Approval of Minutes from MPS Regular Audit/Facilities Committee Meeting - December 14, 2023
| Roll Call | |
|---|---|
| D. Gonzalez |
Aye
|
| M. Muhammedov |
Aye
|
II. Recommended Action Items
A.
Approval of 2022-23 Annual Audit Report for all Magnolia Science Academy Schools and the Home Office
S. Budhraja, Chief Financial Officer went over the annual audit report to the Committee Members and inspected the audit and its reporting. He was joined by Jonathan Clement, Senior Manager at Eide Bailly - a certified public accounting firm which has worked with MPS's auditing. S.Budhraja, briefed the Committee on the reporting procedures and guidelines and based on the report, he noted that there has been compliance with all instructional minutes' requirements, no adjustments or restatements to fund balance from unaudited actuals, and it it a unmodified report. He briefed the Committee on all school sites and the Home Office. E. Acar, Chief Academic Officer and A. Milteer, ELOP Coordinator, provided background on a reporting issue that was identified and reported to the Committee the steps to address the reporting and procedures set up moving forward. The Committee's questions were addressed by staff and Jonathan.
| Roll Call | |
|---|---|
| M. Muhammedov |
Aye
|
| D. Gonzalez |
Aye
|
III. Information/Discussion Items
A.
Facilities Updates
M. Sahin, Facilities Project Manager, briefed the Committee on the various facilities projects for Magnolia Science Academy-1, 2, 5, 7, Santa Ana & San Diego. He commented on the completion of projects for MSA-Santa Ana and San Diego and explained all next steps. Committee Members questions were addressed by staff.
Refer to attendance information recorded above.