Final

Liberty STEAM Charter

LSC BOARD OF DIRECTORS FINANCE COMMITTEE

NOTIFICATION OF REGULARLY SCHEDULED MONTHLY MEETING
Published on November 14, 2024 at 11:10 AM EST

Date and Time

Thursday November 21, 2024 at 9:30 AM EST

Location

LSC Network Office 
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 9:30 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 Rodney Thompson 1 m
  H. Approve Previous Meeting Minutes Approve Minutes Rodney Thompson 1 m
    Approve minutes for LSC BOARD OF DIRECTORS FINANCE COMMITTEE on October 24, 2024  
II. Finance Committee 9:38 AM
  A. Old Business FYI Trevor Ivey 5 m
   
  1. Review of September Financial Report 
    1. Expenses vs. Revenue
    2. Donations- Individual and Corporate
  2. Update on Internal Control Procedures 
    1. P-Card Tracking 
    2. Update on Construction Line of Credit 
    3. Update on Reserve Fund
  3. Update on FY 24 Federal Reimbursements
    1. Title I- Zeroed Out
    2. Title II- Zeroed Out 
    3. Title III- Zeroed Out  
    4. Title IV- Zeroed Out 
    5. IDEA- Zeroed Out 
  4. Update on FY 25 Federal Reimbursements
  5. Update on Tier I Financial Duties Handoff to Ms. Rhodes (p-card reconciliation and materials ordering) and Ms. Peebles (Filing)  
  6. Relevant School Updates 
    1. Jr. Academy Expansion
    2. STEAM Day Update
  7. Updates from Charter School Growth Fund & YASS Prize
  
  B. New Business Discuss Trevor Ivey 25 m
   
  1. Review of October Financial Report 
    1. Expenses vs. Revenue
    2. Donations- Individual and Corporate
  2. Update on Internal Control Procedures 
    1. P-Card Tracking 
    2. Update on Construction Line of Credit 
    3. Update on Reserve Fund
  3. Update on FY 25 Federal Reimbursements
  4. Relevant School Updates 
    1. Jr. Academy Expansion
    2. STEAM Day & Capstone Presentations Update
  5. Updates from Charter School Growth Fund, YASS Prize, and Children's Trust Fund of South Carolina
  
III. Other Business 10:08 AM
  A. Agenda Items from Committee Members Vote Rodney Thompson 10 m
   
  • Second Reading of the Revised Scholar Enrollment Policy
  
IV. Executive Session 10:18 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 10:23 AM
  A. Action Related to Executive Session Discuss Kimberly Rauschenbach 1 m
VI. Closing Items 10:24 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