'Grounding Questions' for the FC:

• Do we believe that our internal policies and procedures are being followed?
• What is our current cash balance, and is management confident in the organization's ability to meet short term cash needs?
• How are our actuals to budget performing for this fiscal year? If there have been material unfavorable variances, in expenses or revenues, what is being done to mitigate this?
• How are our "big projects" going? (ex: facilities, enrollment drives, hiring, etc).

We will continue to build trust amongst this team. We will work little by little to do this! One small way will be to get to know each other more. 

Question: 
What is a recent fave homecooked meal?

Please review the prior meeting minutes in advance and come to the meeting with any amendments in writing that can be added to the Zoom chat.  This makes recording changes quick and easy.

During this piece of the meeting, Matt and Laylah will share what the FC Committee should be "looking for' in order to build those habits and mindsets.

Please review the school financials below prior to the meeting. Please try to ask questions to Matt or Laylah in advance so we are prepared to vote at the meeting.

1. Dashboard (high level view of main metrics)
2. Balance Sheet
3. Profit & Loss Statement/Income Statement
4. Budget vs. Actual Report & Forecast vs Actual Report
5. Statement of Cash Flows
6. Payroll and AP Certification

Discuss 5-7 year budget & planning updates

- Revenue: updated revenue calculator but some supplemental funding may still be missing; OSPI to release official revenue tool soon

- Revenue: enrollment updated previously - how is the enrollment drive going?

- Expenses: year end analysis to be completed in June to update various line items

- Expenses: staffing reviewed previously, 5.5% raises budgeted

- Overall: a lot depending on Gladish response to proposal and whether WA Charters provides additional support; right now: PCM is projected to meet 30 days cash in year 1-3, then not in year 4, but then meeting 60 days cash in year 5 as the revenue increases materially with the addition of 9th grade.

Presentation: https://docs.google.com/presentation/d/1R-QDCAc_IWRhd51_zWYCMhyap-4Sd3E9/edit#slide=id.p1

Commission framework discussion

Please review prior to the meeting for a healthy discussion: Financial Performance Framework 

-How do we want to incorporate this into our monthly practice?

Check off in goals once complete

Check in monthly on our committee goals

Next dates:

June 21st

August 23rd

We discussed going through the questions. What questions do we want to dive into next? What will align with what we need the board to be ready for next?

What do we need to do to prepare for this?