Welcome to the Finance Committee!  Please review the purpose of this committee using the link in the footer.

At this first meeting of the Finance Committee we will get to know each other as well as our key contracted CFO support partner: Joule Growth Partners.

Committee Member HW:  Prior to the board meeting please review the following.

Documents that have been provided to our board about their financial roles and responsibilities and how those responsibilities will change with the formation of the Finance Committee: Board Financials Overview and Considerations

PCM has partnered with Joule Growth Partners (JGP) for CFO coaching and support and to serve as a liaison between the head of school (HOS) and NEW ESD 101 to ensure that PCM has the financial capacity needed for a nonprofit and local education agency. JGP has expertise specifically in charter school and Washington compliance requirements and has been coaching and supporting other new charter schools through planning and operating. There is no other entity that currently provides this form of CFO consulting support at this time. This partnership is intended to be a slow-release relationship to ensure early financial compliance and transition responsibilities to the HOS. This relationship poises PCM for financial success. A note from the HOS: Bill and Matt are really great to work with and very transparent in their work!  

Review the following to begin thinking more about the role of the FC and how we might educate the full board to feel confident in voting on Financial decisions.

As a side note: Our annual goals are currently being compiled by the Governance Committee with my advisorship.  The recent Board Assessment through BoardOnTrack is being used as a baseline to measure growth and align goals.  One of the FC's first goals will be to review the Financial Policies and Procedures Manual and make a recommendation to the Board (on the docket for next meeting).

(Joule will lead on the review of this and provide an introduction to the Dashboard that will be used throughout the school lifetime.  While the Dashboard is not as useful during the Planning Year it will get the FC and board used to what will be presented during Operating Years.  To get yourself ready you can review this Example and Notes from September's Dashboard).

Please review the school financial in the OCTOBER folder. Come prepared to discuss and ask Joule questions.  Start with the October Financials notes.  The FC will need to vote on the Reconciliation Statements and the four documents normally presented to the full board: