Equitas Academy Charter School

Finance Committee Meeting

Date and Time

Thursday June 8, 2023 at 4:30 PM PDT

Location

1612 W Pico Blvd, Los Angeles, CA 90015

 

Additional call-in locations:

3943 Pine Ave, Long Beach, CA 90807

3731 W 227th St, Torrance, CA 90505

11100 Santa Monica Blvd, Los Angeles CA 90025


Topic: Finance Committee Meeting
Join Zoom Meeting
https://equitasacademy.zoom.us/j/82806058353

Meeting ID: 828 0605 8353
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Meeting ID: 828 0605 8353

PUBLIC COMMENT AT EQUITAS ACADEMY BOARD MEETINGS – An opportunity for the public to address the Board will be provided at the conclusion of the agenda. Members of the public who wish to speak on any item are requested to identify themselves and indicate on which agenda item they wish to speak. The Board will provide an opportunity for the public to speak for a maximum of three (3) minutes, unless granted additional time at the discretion of the Board. Testimony shall be limited in content to matters pertaining to Equitas Academy. The Board may not take any action on matters discussed during the public testimony period that are not listed on the agenda. Brown Act Compliance: Agenda posted at School

Pursuant to the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in a meeting of the Board of Directors, may request assistance in advance of the meeting by contacting Equitas Academy Charter School at 1700 West Pico Boulevard, Los Angeles, CA 90015 or by phone (213) 201-0440.

Agenda

      Purpose Presenter Time
I. Opening Items 4:30 PM
 
Opening Items
 
  A. Record Attendance and Guests   Prabhu Reddy 1 m
  B. Call the Meeting to Order Vote Prabhu Reddy
  C. Approve Minutes Approve Minutes Prabhu Reddy
    Approve minutes for Finance Committee Meeting on April 13, 2023  
II. Public Comment 4:31 PM
  A. Public Comment Discuss Prabhu Reddy 1 m
III. Finance Committee 4:32 PM
  A. FY23 & FY24 Priorities Discuss Prabhu Reddy 10 m
   

Review FY23 progress. Discuss draft FY24 priorities.

 
  B. Year-to-Date Financials Discuss Yug Fon Chiquito 10 m
   

Committee to review year-to-date financials. 

 

 

 
  C. Local Control and Accountability Plan (LCAP) Funding for '23-'24 FYI Yug Fon Chiquito 5 m
   

Committee to provide an update on LCAP Funding for '23-'24.

 
  D. FY24 Annual Budget, Enrollment Plan & Long-Term Financial Plan Discuss Yug Fon Chiquito & Seidy Pacheco 35 m
   

Committee to discuss the following: 

  • Recommend approval of FY24 Annual Budget
  • Monitor FY24 Enrollment
  • Provide feedback on long-term financial plan
 
  E. Real Estate Discuss Greg Ottinger & Antonio Gonzalez 15 m
   

Committee to review progress for projects in development. Guest Speaker, Antonio Gonzalez, will update the committee on a possible facilities acquisition.

 
  F. Bank Strategy Discuss Cecilia Melgares 10 m
   

Committee to discuss Equitas' bank strategy, including review new bank account option with Wells Fargo.

 
IV. Material/Resources 5:57 PM
  A. FY23 Scope & Sequence, FY23 Committee Priorities & June Board Meeting Minutes Discuss Prabhu Reddy 1 m
   

Review the following documents: 

  • Equitas FY23 Finance Committee Scope & Sequence 
  • Equitas FY23 Finance Committee Priorities
 
V. Closing Items 5:58 PM
  A. Adjourn Meeting Vote Prabhu Reddy 1 m
   

Align on Next Steps and Adjourn.