Equitas Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Thursday June 2, 2022 at 4:30 PM
Location
Topic: Finance Committee Meeting
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https://equitasacademy.zoom.us/j/98480959694
Meeting ID: 984 8095 9694
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Meeting ID: 984 8095 9694
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.
Committee Members Present
B. Snyder (remote), P. Reddy (remote)
Committee Members Absent
None
Guests Present
M. Ford (remote), S. Sobkov (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Board findings pursuant to Government Code Section 54953(e)
Roll Call | |
---|---|
B. Snyder |
Aye
|
P. Reddy |
Aye
|
C.
Call the Meeting to Order
D.
Approve Minutes
II. Public Comment
A.
Public Comment
No Members of the Public were present so no comment was made.
III. Finance Committee
A.
Year-to-Date Financials
Mr Sobkov presented the financials for the month ending April 2022
The organization has 97 days of Cash on hand which is in the guardrails.
B.
Fiscal Handbook
Hand book was discussed- the handbook will be recommended for approval by the board.
C.
FY23 Annual Budget
Mr Sobkov shared the highlights of the Governors May revision including cola and increase to LCFF base. SB740 has been increased as well. New programs included ( block grant ) in the bill are not included in the budget presented. ELOP and ELO grants are increased. Discussion was had about the $330.000 in fundraising and if it should be included with the new CEO and Development Director. That is their recommendation but leave it to management.
Roll Call | |
---|---|
P. Reddy |
Aye
|
B. Snyder |
Aye
|
D.
Real Estate
The project is on time and still in budget.
E.
CEO Compensation
F.
FY22 Priorities
Priorities are approved as written add the need to recruit members.
There were no minutes to approve/