Equitas Academy Charter School
Minutes
Finance Committee Committee Meeting
Date and Time
Thursday February 8, 2024 at 3:00 PM
Location
1612 W Pico Blvd, Los Angeles, CA 90015
Additional call-in locations:
1000 Broadway Ste 460, Oakland CA 94607
3731 W 227th St, Torrance, CA 90505
5075 Camino De La Siesta, Apt 221, San Diego, CA 92108
399 Park Ave, New York, NY 10022
Nadine Peters is inviting you to a scheduled Zoom meeting.
Topic: Finance Committee Meeting
Time: This is a recurring meeting Meet anytime
Join Zoom Meeting
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
J. Rudolph, P. Reddy (remote), R. Lewis (remote), S. Roditti, T. Hollenberg (remote), Y. Chiquito
Committee Members Absent
A. Verma, K. Farrar
Guests Present
Anita Landecker, Samira Estilai
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
C.
Approve Minutes
The committee unanimously approved the November 20, 2023 meeting minutes
Roll Call | |
---|---|
P. Reddy |
Aye
|
R. Lewis |
Aye
|
K. Farrar |
Absent
|
A. Verma |
Absent
|
T. Hollenberg |
Aye
|
II. Public Comment
A.
Public Comment
III. Finance Committee
A.
FY24 Committee Goals
The committee reviewed FY24 Goals progress to date.
B.
Q2 Financials
FY24 Q2 Financials were reviewed by the committee
C.
Long-term Financial Plan Update
The Committee was updated on the Long Term Financial Plan and next steps.
D.
FY25 Annual Budget & Enrollment Plan
Committee reviewed Annual Budget and Enrollment Plan for FY25
E.
Line of Credit Update
An update on the LOC renewal was provided to the committee
F.
Bank Transition Update
Committee reviewed progress to date re: bank transition to Wells Fargo
G.
ExED Services Update
The ExED team (back office provider) provided the committee with an update on services provided to Equitas to date.
H.
Continuous Learning
Committee reviewed and discussed on the following continuous learning item:
- LFP_KSS 2019 Facility Bootcamp Excerpt
IV. Material/Resources
A.
FY24 Scope & Sequence
The Committee reviewed FY24 Scope and Sequence
V. Closing Items
A.
Adjourn Meeting
- Board & Committee Goals Template 23-24-10.26.23pdf.pdf
- Equitas 12-23 Financial Packet.pdf
- Long-Term Financial Plan Update02.08.24.pdf
- Budget Development.pdf
- FY25 Enrollment Planning02.08.24.pdf
- Line of Credit02.08.24.pdf
- Bank Transition02.08.24.pdf
- Equitas FY24 Finance Cmte Scope & Sequence - Draft1.29.24.pdf
Two members of the public attended the session. No comments from the public were offered.