Final

Liberty STEAM Charter

LSC Board of Directors Finance Committee Meeting

Published on May 9, 2025 at 9:47 AM EDT
Amended on May 9, 2025 at 12:00 PM EDT

Date and Time

Thursday May 15, 2025 at 9:00 AM EDT

Location

Liberty STEAM Charter School

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 9:00 AM
  A. Record Attendance   Amy Hansen 1 m
  B. Call the Meeting to Order   Rodney Thompson 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. Approval of Consent Agenda Approve Minutes Rodney Thompson 1 m
   
  1. Today's Finance Committee Meeting Agenda 
  2. Minutes of Previous Meeting 
  
    Approve minutes for LSC Board of Directors Finance Committee Meeting on April 22, 2025  
II. Finance Committee 9:07 AM
  A. Topics for Discussion FYI Trevor Ivey 38 m
   
  1. Review of Expenses vs. Revenue through April 30 
  2. FY25 Year-End Forecast
  3. Balance in Cash Position
  4. Donations- Individual and Corporate
  5. Grant Awards
  6. Update on Federal Reimbursements
    1. Title I
    2. Title II
    3. Title III 
    4. Title IV
    5. IDEA
  7. Update on Current Line of Credit-First Citizens
  8. Update on Proposed Financing Options for Junior Academy Expansion
  9. Analysis of Food Services Cash Flow for December- June
  10. Relevant School Updates
    1. Enrollment Updates for the 24-25 SY
    2. Hiring Updates for the 24-25 SY
    3. Fifth Grade Expansion
  11. Review the AFO Accountability Rating System from SCPCSD
  12. Update on Afton Partners-Review of Sustainability and Internal Controls 
  13. Hiring Updates for the 25-26 SY
  14. Org Chart for the 25-26 SY Review 
  15. Network Office Move
  16. FY26 Proposed Budget
    • Committee Recommendation
  
III. Other Business 9:45 AM
  A. New Business Rodney Thompson 2 m
  B. Old Business Rodney Thompson 2 m
  C. Agenda Items from Committee Members Rodney Thompson 2 m
IV. Executive Session 9:51 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. Purposes of Discussion of Negotiations Incident to Proposed Property Contractual Agreements, Proposed Contractual Agreements, and/or Discussion of Personnel Matters Discuss Rodney Thompson 7 m
   

*Upon Consensus, Committee Returns to Open Session

  
V. Committee Action 9:58 AM
  A. Any Action Related to Executive Session Item(s) Vote Rodney Thompson 1 m
  B. Committee Recommendations FYI Rodney Thompson 1 m
VI. Closing Items 10:00 AM
  A. Next Steps FYI Trevor Ivey 1 m
  B. Good of the Order Discuss Rodney Thompson 1 m
  C. Adjourn Meeting Vote Rodney Thompson 1 m