Laureate Academy Charter School Board of Directors
Minutes
Finance Committee Meeting
Date and Time
Wednesday November 15, 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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Committee Members Present
Jake Krupa
Committee Members Absent
Claire Heckerman-Whitehead, Nicholas Aucoin
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Items for Discussion
A.
Audit Results - AUP Findings
- Discussion of AUP findings with auditors to identify process improvements
B.
Discuss Audit Takeaways for Next Year
- Go through statewide audit procedures earlier to know what may be asked for next year
- Overall, a much faster turnaround time this year with providing audit evidence to auditors
- Putting support into Google Drive may help
- Access to LLA audit alerts and send them out
- Increase interim procedures
C.
Updated Monthly Financials - October 2023
- Reviewed October financials, all ratios satisfactory and projected year-end surplus looks in line with budget