Final

Liberty STEAM Charter

LSC BOARD OF DIRECTORS FINANCE COMMITTEE

NOTIFICATION OF REGULARLY SCHEDULED MONTHLY MEETING
Published on March 20, 2023 at 1:20 PM EDT
Amended on March 20, 2023 at 1:22 PM EDT

Date and Time

Wednesday March 22, 2023 at 11:00 AM 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

      Purpose Presenter Time
I. Opening Items 11:00 AM
  A. Record Attendance   Tiffany Rhodes 1 m
  B. Call the Meeting to Order   Trevor Ivey 1 m
  C. Invocation   Kimberly Rauschenbach 1 m
  D. Pledge of Allegiance   Rodney Thompson 1 m
  E. Reading of the Mission Statement   Rodney Thompson 1 m
   

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   Kimberly Rauschenbach 1 m
   

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 Vote Trevor Ivey 1 m
  H. Approve Previous Meeting Minutes Approve Minutes Rodney Thompson 1 m
II. Finance Committee 11:08 AM
  A. Review of Old Business Discuss Trevor Ivey 10 m
   
  1. Review of January Financial Report 
  2. Update on Internal Control Procedures 
    1. Implementation of Purchase Orders
    2. Finance Training
    3. P-Card Tracking 
    4. Update on line of credit 
    5. Update on Reserve Fund
  3. Update on Federal Reimbursements
    1. ESSER 2 and ESSER 3 ($76,000 Claimed since January 1st with 40% of funding remaining)
    2. Title I ($38,155.76-Claimed to date out of $76,116.04)
    3. Title II ($6,188.97- 100% fully claimed)
    4. Title III ($1,000- approved but not cleared to claim yet)
    5. Title IV ($9,492.12- approved but not cleared to claim yet)
    6. IDEA- ($15,876.50-100% fully claimed)
  4. Cash Flow Through June 30th
  5. 23-24 Budget Prep 
  6. Relevant School Updates 
    1. Response to Mid-Year MAP Testing Results 
    2. Updates from Preschool Taskforce
    3. Updates from Retention Task Force 
    4. February POSSIP Updates
    5. 23-24 Enrollment Updates
    6. Site II Updates
  
  B. New Business Discuss Trevor Ivey 20 m
   
  1. Review of February Financial Report 
  2. Update on Internal Control Procedures 
    1. Implementation of Purchase Orders
    2. Finance Training
    3. P-Card Tracking 
    4. Update on line of credit 
    5. Update on Reserve Fund
  3. Update on Federal Reimbursements
    1. ESSER 2 and ESSER 3 (remaining balance)
    2. Title I ($38,155.76-Claimed to date out of $76,116.04)
    3. Title III ($1,473)
    4. Title IV ($9,492.12- submitted)
    5. IDEA- ($15,876.50-100% fully claimed and waiting for reimbursement)
  4. Cash Flow Through June 30th
  5. 23-24 Budget Prep 
  6. Relevant School Updates 
    1. Response to Mid-Year MAP Testing Results 
    2. Updates from Preschool Taskforce
    3. Updates from Retention Task Force 
    4. March POSSIP Updates
    5. 23-24 Enrollment Updates
    6. Site II Updates
    7. Retention Task Force Updates
    8. Work Agreements & Retention Bonuses
  
III. Other Business 11:38 AM
  A. Agenda Items from Committee Members Discuss Rodney Thompson 10 m
   
  1. PADEPP Evaluation Site Visit Update
  
IV. Executive Session 11:48 AM
 
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 Kimberly Rauschenbach 5 m
V. Action Related to Executive Session 11:53 AM
  A. Action Related to Executive Session Kimberly Rauschenbach 1 m
VI. Closing Items 11:54 AM
  A. Next Steps FYI Trevor Ivey 3 m
  B. Good of the Order Discuss Trevor Ivey 2 m
  C. Adjourn Meeting Vote Rodney Thompson 1 m