Laureate Academy Charter School Board of Directors
Minutes
Finance Committee Meeting
Date and Time
Wednesday September 20, 2023 at 4:30 PM
Location
Laureate Academy Charter School
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 Laureate Academy, 2115 Oakmere Dr, Harvey, LA 70058.
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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+13092053325,,91356858989#,,,,*279219# US
Committee Members Present
Claire Heckerman-Whitehead, Jake Krupa, Nicholas Aucoin
Committee Members Absent
None
Guests Present
Jonathan Tebeleff (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
D.
Approve Minutes
II. Items for Discussion
A.
Finalized year end results
- Approx. 750,000 surplus
- Still waiting on ESSER II funds reimbursed from JP so could be slightly higher
B.
Discuss Updated Forecast
- Two pieces changed in slight reforecast
- Staffing model has been updated based on actual hires and vacancies at this point in the year (about $90K lower expense)
- Revenues updated based on per pupil amount from JP and a slight increase in enrollment, and additional position stipends (about an additional $40K in revenue)
C.
Discuss Audit Progress - Timing for completion
- End of this week for open items
- Ideally, about two weeks from now for review of that, aiming for early October to mid October
Some notes for next year:
- Utilize Bill.com more for documentation
- More formalize