City on a Hill Charter Public School
Minutes
December 2024 Finance Commitee Meeting
Date and Time
Monday December 9, 2024 at 2:00 PM
Location
Committee Members Present
Andres Tejeda Soto (remote), Ted Gildea (remote)
Committee Members Absent
None
Guests Present
Asha Ibrahim (remote), Diana Landry (remote), Jordan Lopez (remote), Nikia Davis (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
Ted Gildea called a meeting of the Finance Committee of City on a Hill Charter Public School to order on Monday Dec 9, 2024 at 2:09 PM.
Ted Gildea made a motion to Call the meeting to order.
Andres Tejeda Soto seconded the motion.
The committee VOTED to approve the motion.
Roll Call | |
---|---|
Andres Tejeda Soto |
Aye
|
Ted Gildea |
Aye
|
C.
Approve October 2024 Meeting Minutes
Andres Tejeda Soto made a motion to approve the minutes from October 2024 Finance Committee Meeting on 10-21-24.
Ted Gildea seconded the motion.
The committee VOTED to approve the motion.
Roll Call | |
---|---|
Andres Tejeda Soto |
Aye
|
Ted Gildea |
Aye
|
II. General Finance Updates
A.
Finance Updates
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 3:22 PM.
Respectfully Submitted,
Ted Gildea
Andres Tejeda Soto made a motion to Adjourn Meeting.
Ted Gildea seconded the motion.
The committee VOTED to approve the motion.
Roll Call | |
---|---|
Andres Tejeda Soto |
Aye
|
Ted Gildea |
Aye
|
Documents used during the meeting
- COAH_BS_11.30.24.pdf
- COAH_PL_11.30.24.xlsx - Summary.pdf
- COAH_CashForecast_11.30.24.xlsx - Budget vs. Actuals.pdf
Ted Gildea, Committee Chair, directed the Committee’s attention to the Finance Updates. Diana Landry, Business Manager at Central Source, presented the School’s Budget vs Actuals as of November 30, 2024, confirming that expenditures were in line with expectations for this time of year. She provided a comprehensive breakdown of recent expenditures, highlighting the use of ESSER funds for various costs and outlining the strategic, accelerated spending approach. Key investments included field trips, staff appreciation initiatives, and bulk purchasing of essential school supplies. The only significant change noted was the amount owed to the foundation, which reflects the rent payable by the School. Landry also explained that fixed assets would continue to depreciate until June, with any remaining balance written off in July when the School closes. She assured the Committee that available funds were sufficient to cover all planned expenditures for the remainder of the year, noting that no additional funding from the foundation would be required. Landry then opened the floor for questions, but the Committee had no further inquiries.