Pullman Community Montessori
Finance Committee (FC)
Date and Time
Location
PCM's Vision: to serve as an instrument of change, helping to progress our education system to better meet the needs of students, families, and educators. We nurture students to be self-empowered lifelong learners, global citizens, environmental stewards, and compassionate and collaborative leaders, bringing positive changes to their communities and the world!
Agenda
I. | Opening Items | |
A. | Record Attendance | |
B. | Call the Meeting to Order | |
'Grounding Questions' for the FC:
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C. | Pleasantry | |
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. |
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D. | Approve Minutes | |
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. |
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E. | Approve Minutes | |
II. | Finance Committee (FC) | |
A. | Review & Approve April Financials | |
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.
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B. | Review 5-7 year plan updates | |
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 |
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C. | Meet or exceed the commission financial framework monthly | |
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
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III. | Other Business | |
IV. | Goals | |
Check in monthly on our committee goals |
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A. | Provide board training on key financial documents 3x this year | |
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? |
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B. | Mock Audit for July | |
What do we need to do to prepare for this? |
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V. | Closing Items | |
A. | Adjourn Meeting |