Final

Liberty STEAM Charter

LSC BOARD OF DIRECTORS FINANCE COMMITTEE

NOTIFICATION OF REGULARLY SCHEDULED MONTHLY MEETING
Published on June 14, 2023 at 7:45 AM EDT

Date and Time

Friday June 16, 2023 at 11:00 AM EDT

Location

117 N. 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 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
    Approve minutes for LSC BOARD OF DIRECTORS FINANCE COMMITTEE on May 17, 2023  
II. Finance Committee 11:08 AM
  A. New Business Discuss Trevor Ivey 25 m
   
  1. Review of June 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 (all claimed, 1 reimbursement waiting to be received)
    2. ESSER 3 (remaining balance $85,000)
    3. Title I ($52,155.76-Claimed to date out of $76,116.04)
    4. Title III ($1,473- Claimed and Received)
    5. Title IV ($9,492.12- Claimed and Received)
    6. IDEA- ($15,876.50-Claimed and Received)
  4. Cash Flow Through June 30th
  5. Relevant School Updates 
    1. Updates from Preschool Taskforce
    2. 23-24 Enrollment Updates
    3. Site II Updates
    4. EOY Testing 
    5. EOY Stakeholder Satisfaction Data Collection
  
  B. Old Business FYI Trevor Ivey 5 m
   
  1. Review of May 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 (all claimed, 1 reimbursement waiting to be received)
    2. ESSER 3 (remaining balance $85,000)
    3. Title I ($52,155.76-Claimed to date out of $76,116.04)
    4. Title III ($1,473- Claimed and Received)
    5. Title IV ($9,492.12- Claimed and Received)
    6. IDEA- ($15,876.50-Claimed and Received)
  4. Cash Flow Through June 30th
  5. Relevant School Updates 
    1. Updates from Preschool Taskforce
    2. 23-24 Enrollment Updates
    3. Site II Updates
    4. EOY Testing 
    5. EOY Stakeholder Satisfaction Data Collection
  
III. Other Business 11:38 AM
  A. Agenda Items from Committee Members Discuss Rodney Thompson 10 m
   
  1. Reading of the FY 24 Budget
  2. Budget Cuts Round 2
  3. Update on Federal Programs for FY 24
  4. SCPCSD Finance 101 Training Updates- Key Takeaways
  5. Security Fence 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 Discuss Kimberly Rauschenbach 5 m
V. Action Related to Executive Session 11:53 AM
  A. Action Related to Executive Session Discuss 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