• Laylah hit high level items outlined in "What We Need to be Doing Now"  
• Asked for questions comments.  Group had none so moved on.

Quick orientation to the tools/resources the FC has at their disposal for helping the Board develop a clear understanding of their fiduciary responsibilities.  Laylah noted we'll start working on what introducing this the the board may look like over the next few FC meetings.

Reviewed financials.  No red flags.  Noted will begin voting on after Board has voted in the Financial Policies & Procedures Manual.

Question: when will be be looking at the 5-year budget so we have a clear picture of achieving financial sustainability by year 5.  
         Answer: February or March FC meeting
Question: will be be doing internal note disclosures? Carmel could offer her services here if needed.
         Answer: We will revisit but not standard for Charter Schools.  The Audit firm typically prepares the notes.
Question: will PCM have designated board members who are asked to review AP & Payroll and report to the Board?
         Answer:  Table for further discussion in the future.  Some schools do this.
  

Members agreed they needed more time to review to provide quality input.  Set up meeting on Thursday 1/21/21 @ 5:00 PM to finalize the FPPM.

ACTION ITEM: Laylah - send out meeting invite for 1/21 meeting.
ACTION ITEM: All members - review FPPM with deepest focus on the yellow highlighted sections.  Comments and suggestions on the full FPPM are welcome however.