Final

Liberty STEAM Charter

LSC BOARD OF DIRECTORS FINANCE COMMITTEE

NOTIFICATION OF REGULARLY SCHEDULED MONTHLY MEETING
Published on October 17, 2022 at 12:59 PM EDT

Date and Time

Thursday October 20, 2022 at 2:00 PM EDT

Location

LSC Administrative Offices
117 North Main Street
Sumter, SC 29150

This meeting is held in accordance with the Freedom of Information Act. A copy of the agenda has been made available to the local media & general public.

Mission: Liberty STEAM Charter (LSC) works to provide all students equal access to a world-class K-12 education in an academically rigorous & student-centered learning environment, creating graduates to be thoughtful & engaged citizens prepared to take on the leadership challenges of the 21st century.

Vision: In partnership with our families & the community,  Liberty STEAM Charter (LSC) will provide interdisciplinary, real-world, personalized, and project-based learning experiences through a STEAM-based academic program where graduates become the next generation of leaders, employers, and employees who contribute to the economic well-being of their communities and families. 

Agenda

Section Number Topic Number Details
I. Opening Items
  A. Record Attendance
  B. Call the Meeting to Order
  C. Invocation
  D. Pledge of Allegiance
  E. Reading of the Mission Statement
   

Mission: Liberty STEAM Charter (LSC) works to provide all students equal access to a world-class K-12 education in an academically rigorous & student-centered learning environment, creating graduates to be thoughtful & engaged citizens prepared to take on the leadership challenges of the 21st century.
 
  F. Reading of the Vision Statement
   

Vision: In partnership with our families & the community, Liberty STEAM Charter (LSC) will provide interdisciplinary, real-world, personalized, and project-based learning experiences through a STEAM-based academic program where graduates become the next generation of leaders, employers, and employees who contribute to the economic well-being of their communities and families. 
  G. Approve Today's Meeting Agenda
  H. Approve Previous Meeting Minutes 9-22-22
   
II. Finance Committee
  A. Review of Old Business
   
  1. Update on Internal Financial Control Procedures
  2. Update on Grant Development Opportunities 
  B. New Business
   
  1. Update on Possip Survey Feedback 
  2. Status Updates on New Finance Control Mechanisms (P-Card Spending Decrease, P-Card Logs, Payroll Register, Check Proof Registers, & Elimination of Direct Deposit Stipends/Reimbursements) 
  3. Review September Financials 
  4. Review Current Line of Credit
  5. Review Federal Title Program Funding Updates (Title I, II, III, IV) 
  6. Food Services Update
  7. Review Draft I of FY 23 Budget for Sites I & II
  8. Review Updates Regarding Site II 
  9. School of Excellences- November 4, 2022
  10. Staffing Updates - Roles & Responsibilities of Primary Academy Leadership Team
III. Other Business
  A. Agenda Items from Committee Members
   
  1. Review Current Status of the Financial Audit
  2. Review CSP Year 3 Audit Findings 
IV. Executive Session
 
Executive sessions are designed to handle sensitive matters in a matter that will protect the innocent and assure confidentiality about sensitive matters. Please remember that all matters discussed in the executive session are confidential and not to be reported to or discussed with anyone not in attendance at the session. The committee chair or staff designee will brief directors who are unable to attend the executive session. In today’s executive session, the items listed below will be discussed with possible action taken afterward. 
  A. Discussion of Contractual and Personnel Matters
V. Action Related to Executive Session
  A. Action Related to Executive Session
VI. Closing Items
  A. Next Steps
  B. Good of the Order
  C. Adjourn Meeting