Equitas Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Thursday April 13, 2023 at 4:30 PM
Location
1612 W Pico Blvd, Los Angeles, CA 90015
Additional call-in locations:
Topic: Finance Committee Meeting
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https://equitasacademy.zoom.us/j/82806058353
Meeting ID: 828 0605 8353
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Meeting ID: 828 0605 8353
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
A. Verma, P. Reddy, T. Hollenberg
Committee Members Absent
B. Badillo, B. Snyder, G. Ottinger, R. Lewis
Guests Present
Brian Badillo (remote), C. Melgares, Greg Ottinger (remote), K. Farrar, S. Pacheco, Y. Chiquito
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
C.
Approve Minutes
D.
Approve Minutes
II. Public Comment
A.
Public Comment
III. Finance Committee
A.
New Committee Members Introductions
Committee members and staff shared their introductions.
B.
Q3 Financials
Staff reviewed the financial dashboards for Q3 Financials related to the board materials.
C.
FY24 Annual Budget, Enrollment Plan & Long-Term Financial Plan
Staff shared perspective on the preparation of the next annual budget, including potential changes in staff compensation, and related current enrollment trends. Additional discussion addressed ideas about planning for any potential changes in funding.
D.
CEO Compensation
Discussion highlighted key takeaways from comparable data related to CEO compensation.
E.
Real Estate
Staff offered current perspective as it relates to current Equitas real estate and potential future planning in this area.
F.
Continuous Learning
Continuous learning topics were addressed to have been noted throughout the meeting by the board chair. A suggestion of reading was offered for members prior to the next meeting.
Member of the public Roshad Lewis shared his introduction. No other members of the public offered any public comment.