Laureate Academy Charter School Board of Directors
Minutes
Finance Committee Meeting
Date and Time
Wednesday January 18, 2023 at 4:30 PM
Location
In-person: 738 Delachaise St, New Orleans, LA 70115
Zoom: https://tulane.zoom.us/j/91356858989?pwd=NmdTeXB1dDBDRjBuYTBZY0NvWWkvdz09
The matters listed are those reasonably anticipated by the Chair to be discussed at the meeting. Not all items listed may, in fact, be discussed. Other items not listed may be brought up for discussion to the extent permitted by law. All agenda items are informational unless otherwise denoted, though all committee reports require a vote for acceptance. Unless otherwise stated due to COVID-19 precautions, the meeting will be held at 738 Delachaise St, New Orleans, LA 70115
Remote Attendance information:
Jake Krupa is inviting you to a scheduled Zoom meeting.
https://tulane.zoom.us/j/91356858989?pwd=NmdTeXB1dDBDRjBuYTBZY0NvWWkvdz09
Meeting ID: 913 5685 8989
Passcode: 279219
One tap mobile
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Committee Members Present
Jake Krupa, Nicholas Aucoin (remote)
Committee Members Absent
None
Guests Present
Bjorn Carter (remote), Claire Heckerman-Whitehead (remote), Sabrina Buerger (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Review Latest Financials
B.
Review Audit Progress
- Statutory/agreed-upon procedures wrapped up in December
- New support staff is scanning in documents to help speed up audit evidence in future years
- Carve out time over the summer with staff that are assisting purchasing or transactional activity to get them prepared/educated on documentation needed for audit
C.
Discuss ESSER Plan
An analysis we need:
- Better understanding on what ESSER is being used for
- Identify roles funded by ESSER, and amount of compensation covered by ESSER for those roles
- Going back and forth with district on changes to ESSER and then nailing down a more detailed grouping of what the funds have covered
- Discussed enrollment drop and potential impact on Spring revenue; current budget surplus should give enough leeway to absorb revenue hit in spring
-Discussed support staff and how it has helped the month end close process