Explorations Charter School
Minutes
Finance Committee Meeting
Date and Time
Tuesday February 20, 2024 at 5:00 PM
Committee Members Present
Ginni Block (remote), Robert Peterson (remote)
Committee Members Absent
None
Guests Present
Jill Johnson
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve 1-23-2024 Finance Committee Meeting Minutes
II. Finance
A.
Discussion regarding 2023-2024 Budget Modifications
III. Other Business
A.
Flooding repair update
Jill is recommending contracting with KPI for all repairs related to the flooding loss.
She reached out to 3 companies for flooring and only received 2 quotes. She reached out to 2 companies for sheetrock work and was unable to secure quotes. In her work with KPI, they have a team that does sheetrock and painting and they submitted a quote. Although there was not a competing bid, the total amount of the quote is less than the amount that the insurance company allocated for repairs and painting and therefore is recommended. Rob Oley, from KPI, will be serving as the main point of contact for Explorations Staff Rich Gubetta.
Bob and Ginni unanimously agreed to support contracing with KPI.
IV. Closing Items
A.
Adjourn Meeting
- January2024Financial.pdf
- 2023-2024 Budget Modification.pdf
Jill reviewed that she has been working with Susan on adjusting line items. There may still be some line items that need further adjustments, but the overall budget total will remain the same.
The Montly Financial Statement has been adjusted with the new budget line item amounts, however there are still some expense allocations that need adjustment and these are still in process.