Pullman Community Montessori
Minutes
Finance Committee (FC)
Date and Time
Tuesday April 20, 2021 at 5:00 PM
Location
Keeping safety as our top priority, until further notice, all committee meeting will be conducted virtually over Zoom.
PCM's Mission: to prepare all students to reach their full potential for future success in high school, college, career, and life, using the rich resources of our community.
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!
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!
Committee Members Present
A. Guyton (remote), C. Minogue (remote), L. Sullivan (remote), M. Paolini (remote)
Committee Members Absent
J. Cassleman
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
A. Guyton called a meeting of the Finance Committee Committee of Pullman Community Montessori to order on Tuesday Apr 20, 2021 at 5:02 PM.
C.
Approve Minutes
A. Guyton made a motion to approve the minutes from Finance Committee (FC) on 03-16-21.
C. Minogue seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance Committee (FC)
A.
Review & Approve March Financials
A. Guyton made a motion to to approve March Financials.
C. Minogue seconded the motion.
Where did 'extra' revenue come from? -- WA Charters grant funding was released early (no new funding just timing).
How will high SPED population affect our budget? Laylah is gathering information on needs, conferencing with WA Charters, TMC, and Matt and will report at next meeting.
Will any SPED needs require specialized transportation? Laylah will follow-up at our next meeting.
Carmel advise we start soon on looking at a more detailed presentation of some of the financials.
Action Item: Matt-Aubree-Laylah meet and talk about month-over-month and moth-to-month for fiscal year presentation.
Action Item: Matt-Aubree-Laylah meet and talk about month-over-month and moth-to-month for fiscal year presentation.
B.
Continued Review of 5-Yr Forecasts
We tabled this for next meeting to make time to decide on the scope and sequence of the committees work.
C.
Begin Scope and Sequence of Future FC Meetings
The team refined the scope and sequence for future work. Discussed when the best time to introduce the warrent process would be (late summer). PCM must undergo a SAO and private audit.
Action Items:
Laylah - email Kara Lowe about Annual budget due date (their calendar says July 10 RCW says Aug 31).
Laylah - email Kara Lowe about Annual budget due date (their calendar says July 10 RCW says Aug 31).
Laylah - check with WA Charters on when auditor should be secured.
Laylah - re-share potential board training materials with Aubree
III. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 6:01 PM.
Respectfully Submitted,
A. Guyton