Pullman Community Montessori
Minutes
Finance Committee Monthly Meeting
Date and Time
Thursday July 20, 2023 at 5:00 PM
Committee Members Present
A. Guyton (remote), E. Jochim
Committee Members Absent
None
Committee Members who arrived after the meeting opened
E. Jochim
Committee Members who left before the meeting adjourned
E. Jochim
Guests Present
Haid Garrett (remote), Inquiring Minds Want to Know (remote), L. Sullivan (remote), M. Paolini (remote)
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 Thursday Jul 20, 2023 at 5:10 PM.
C.
Approve Minutes
A. Guyton made a motion to approve the minutes from Finance Committee Monthly Meeting on 05-16-23.
E. Jochim seconded the motion.
The committee VOTED unanimously to approve the motion.
D.
Approve Minutes
A. Guyton made a motion to approve the minutes from Finance Committee (FC) on 06-20-23.
E. Jochim seconded the motion.
The committee VOTED unanimously to approve the motion.
E.
WA Charters Support Update
Haid provided update of how WA Charters will support PCM. Acknowledged all of PMC success and growth. Will provide flexible loan terms.
Will have loan docs by September so can get funding in early September.
E. Jochim arrived at 5:15 PM.
E. Jochim left at 5:18 PM.
E. Jochim arrived at 5:19 PM.
II. Finance Committee (FC)
A.
Approve June Financials
Reviewed dashboard.
August should be less yellow.
Will be prioritizing paying bills once money comes in.
A. Guyton made a motion to approve to recommend the June financials to the board of trustees.
E. Jochim seconded the motion.
The committee VOTED unanimously to approve the motion.
B.
Review and Approve 1 Year Budget and 5 Year Budget Projection
Reviewed budget. Remember, this is a draft. Things will change slightly over the next month until the final budget is presented in August.
Made a few minor notes to update the presentation. Made a couple rearrangements as well.
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 6:04 PM.
Respectfully Submitted,
L. Sullivan
Documents used during the meeting
- 1. PCM Finance Dashboard Jun 2023.pdf
- 2. PCM Income Statement Jun 2023.pdf
- 3. PCM Balance Sheet Jun 2023.pdf
- 4. PCM BvA Jun 2023.pdf
- 5. PCM Statement of Cash Flows Jun 2023.pdf
- 6. PCM Payroll and AP Certification Jun 2023.pdf
- 6a. PCM Auditing Officer Approval Jun 2023.pdf
- 6b. PCM Payroll Report Jun 2023.pdf
- 6c. PCM AP Register Jun 2023.pdf
- 6d. PCM Non-AP Register Jun 2023.pdf
- 7. PCM DRAFT FY24 Budget Presentation.pdf
Haid came at 5:11 PM