Explorations Charter School
Minutes
Finance Committee Meeting
Date and Time
Thursday June 20, 2024 at 9:30 AM
Committee Members Present
Ginni Block (remote), Robert Peterson (remote)
Committee Members Absent
None
Guests Present
Jill Johnson (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes from 9-27-2023 Finance Committee Meeting
D.
Approve Minutes from the 4-26-2024 Finance Committee Meeting
| Roll Call | |
|---|---|
| Robert Peterson |
Aye
|
| Ginni Block |
Aye
|
E.
Approve Minutes from the 4-30-2024 Finance Committee Meeting
II. Finance
A.
Discussion regarding 2024-2025 Proposed Budget Revisions
B.
Discussion of wording used by SDE re: Financial Viability of Explorations
We discussed the wording used in summary for charter renewal relating to financial viability of the school. We discussed ideas for fundraising and potential outside sources as resources for this. Jill noted the need for funding for operational expenses and all acknowledged the challenge finding sources for this type of funding.
Jill will contact parent of former student who is a grant writer. Once we have her input Ginni will contact Jahana Hayes to inquire re: potential federal grants.
We have policies in place for monitoring the budget in both accounting manual and policies and procedures. This committee will be reviewing these documents.
III. Closing Items
A.
Adjourn Meeting
The committee will meet in August before the Board meeting August 20.
Jill informed the committee that net income increased from $1606.24 to $15,294.24
Savings are the result of John being hired as full time math teacher as well as changing counsellor to full time and having social work part time with the latter paid by Ed Advance.
We discussed status of teacher on military leave and options for their return.
The budget for income from Special Education Services has been increased by $15,000 as we will now be able to bill for counseling for 504 students.