Lighthouse Community Public Schools
Minutes
Finance Committee Meeting
Date and Time
Friday February 18, 2022 at 11:00 AM
Location
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https://lighthousecharter-org.zoom.us/j/84322605337?pwd=QWM1RHB3aFhacGZKTmt2d1NTVmVNQT09
Meeting ID: 843 2260 5337
Passcode: 590330
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Meeting ID: 843 2260 5337
Passcode: 590330
Find your local number: https://lighthousecharter-org.zoom.us/u/kdGQP8gqP7
Committee Members Present
M. Milner (remote), R. Harrison (remote)
Committee Members Absent
A. Moore
Guests Present
A. Ocegueda (remote), B. Wall (remote), K. Kean (remote), L. Wu (remote), R. Torney (remote), Stacey Lawrence (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Public Comment
II. Recurring Financial Discussion Items
A.
Goals: today & upcoming meetings
Linda Wu previewed goals for today and in future meetings.
The committee and staff discussed ADA for the month of January with the impacts of Omicron.
B.
Financial Statements: FY22 2nd Interim
The committee discussed changes from first interim to second interim.
C.
FY22/23 Budget Outlook & Teacher Compensation
The committee discussed preliminary assumptions in the FY22-23 budget, including desired enrollment and budgeted enrollment. The committee discussed ADA calculation and potential changes to how the state is considering calculating ADA.
The committee suggested using a "tiered" approach to thinking about continuing one-time funded positions back to the budget when we have more clarity.
Rich Harrison and Linda Wu shared a draft presentation on Teacher Compensation with the committee ahead of the Regular Board Meeting.
The committee shared feedback with staff.
Mark Milner opened public comment. Hearing none, and seeing none, we are moving to the next part of the agenda.