City on a Hill Charter Public School
Minutes
October 2020 Finance Committee Meeting
Date and Time
Monday October 26, 2020 at 3:00 PM
This meeting took place remotely pursuant to the March 12, 2020 Baker-Polito Administration announcement of an emergency order temporarily modifying the state’s open meeting law.
Committee Members Present
Andres Tejeda Soto (remote), Cara Stillings-Candal (remote), Jacqueline Bennett (remote)
Committee Members Absent
Ted Gildea
Guests Present
Kevin Taylor (remote), Maddie Collins (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
Andres Tejeda Soto called a meeting of the Finance Committee of City on a Hill Charter Public School to order on Monday Oct 26, 2020 at 3:09 PM.
C.
Approve June 2020 Meeting Minutes
Andres Tejeda Soto made a motion to approve the minutes from June 2020 Finance Committee Meeting on 06-25-20.
Jacqueline Bennett seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| Cara Stillings-Candal |
Aye
|
| Andres Tejeda Soto |
Aye
|
| Jacqueline Bennett |
Aye
|
| Ted Gildea |
Absent
|
II. Fiscal Year 2019-20 Audit Review
A.
Fiscal Year 2019-20 Audit Review
III. School Year 2020-21 Committee Goals
A.
School Year 2020-21 Committee Goals
Due to timing, this section was not discussed.
IV. School Year 2020-21 Enrollment Numbers
A.
School Year 2020-21 Enrollment Numbers
Kevin Taylor, Chief Executive Officer, shared that City on a Hill's current enrollment numbers are higher than projected in School Year 2019-20. Taylor shared that from a revenue and student count perspective, COAH is on track.
V. 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 4:02 PM.
Respectfully Submitted,
Andres Tejeda Soto
The audit document highlights City on a Hill's financial positions for Circuit Street, Dudley Square, and New Bedford campuses for Fiscal Year 2019-20. McGinnis shared that both Circuit Street and Dudley Square had a surplus as a result of the cost-cutting initiatives CoaH underwent last year. McGinnis also shared that any closure costs for the New Bedford campus will not appear in the Fiscal Year 2020-21 Audit.
The Audit Review concluded with McGinnis sharing statements of City on a Hill's current financial commitments, line of credit agreements, Department of Elementary and Secondary Education (DESE) probationary conditions, and a general contingency based upon the COVID-19 pandemic.