Miles Ahead Charter School
Minutes
Finance Committee Meeting
Committee Members Present
H. Lust (remote), J. Toussaint (remote), K. Bloxson (remote)
Committee Members Absent
J. Foster
Guests Present
Toni Johnson (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approval of Current Meeting Agenda
D.
Approval of Past Month’s Meeting Minutes
II. Treasurer Report (Finance Committee Member Chair)
A.
Financial Report
III. FY26 Financial - EdTec Report
A.
Financial Report
Toni Johnson provided a detailed overview of the FY26 budget to include forecasted, actual, and variances. There were discussions regarding ideas for minimizing the net deficit. The month of April was fairly quiet as it relates to transactions with a positive shift for the month. Board dues go to Donations.
June Finance Committee Meeting will be moved to Monday, June 15th at 12pm ET.
IV. FY27 Budget - EdTec Report
A.
Financial Report
In anticipation of the first Budget Hearing (May 28th), the FY27 budget was reviewed in its entirety. Toni Johnson will not be available to present the report. The Board Treasurer will present the FY27 budget.
V. Executive Director Update
A.
Finance Policy
Bambo has been selected for the FY26 audit.
B.
Other Topics
Beautification Day - June 13th
Accepted as Tier II school - Pick up date TBA (Moving expenses)
Various items will be voted on at the Board Meeting.
An overview of the financials for April were reviewed.