Final

Liberty STEAM Charter

LSC BOARD OF DIRECTORS FINANCE COMMITTEE

NOTIFICATION OF REGULARLY SCHEDULED MONTHLY MEETING
Published on August 18, 2023 at 3:07 PM EDT

Date and Time

Friday August 25, 2023 at 8:15 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 8:15 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 8:23 AM
  A. New Business Discuss Trevor Ivey 25 m
   
  1. Review of July 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 3)
    2. Title I )
    3. Title III 
    4. Title IV
    5. IDEA
  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. Construction Line of Credit
    5. Current Line of Credit
  6. Audit Updates
  
  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 8:53 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 9:03 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 9:08 AM
  A. Action Related to Executive Session Discuss Kimberly Rauschenbach 1 m
VI. Closing Items 9:09 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