Foxborough Regional Charter School
Minutes
Finance and Facilities Meeting
Date and Time
Friday September 12, 2025 at 8:00 AM
Meeting Format
Whether in person or online, the public is welcome to attend Board/Committee Meetings and have access to meeting minutes. Meetings are held once a month and additionally, as determined by the Board/Committee Chair. All meeting Agendas are posted on the school website at least 48 hours in advance of each public meeting.
During the meeting, the Board and its committees follow the published agenda. Gallery members are not part of the formal discussion or deliberations. Those wishing to speak at a meeting are asked to follow our Privilege of the Floor Policy. To request to speak at a meeting, please complete the following google form before the start of the meeting.
Committee Members Present
Karen Calvert (remote), Lesly Michelot (remote), Matthew Yezukevich (remote), Ryan Higgins (remote), Sergio Martin (remote), Toby Romer (remote)
Committee Members Absent
None
Committee Members who arrived after the meeting opened
Sergio Martin
Guests Present
Christine Barraford (remote), Heidi Berkowitz (remote), Todd Tetreault (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
D.
Vote to Authorize Chair to Approve Executive Session Minutes
Tabled to next meeting.
E.
Chair to Approve Consent Agenda Executive Session Minutes
Tabled to next meeting.
II. Finance & Facilities
A.
Financials
FY25 Audit
Ms. Calvert reported the following:
- Changes in GASB accounting principles re accrued sick time will not have negative impact on bond ratios.
The auditors will make a final presentation to the FinCom on October 3rd.
FY26 Financials
Trends will be better known in October/November with regard to enrollment and per/pupil rate as well as teacher costs.
Capital
Mr. Michelot reported that external consultants are working with FRCS on creating a master plan for capital spending over a fifteen-year period. A draft plan by category will be presented at the next meeting.
Discussion ensued. The capital plan will fit into the overall strategic plan. Soliciting opinions from several consultants will be helpful in assessing what is possible for design of campus projects.
B.
Auditors
Mr. Yezekuvich stated that in the interests of best practices an RFP should be issued on auditing services to FRCS.
C.
Faciliities
See solar project below.
D.
Next meetings Following discussion, it was agreed that an extra meeting needs to be scheduled beyond the October 3rd regularly scheduled meeting at which the auditors will be a presentation. The meeting will be scheduled for October 10th.
E.
Fiscal Policy & Procedure
Ms. Calvert presented the revised fiscal policy and procedure manual for the FinCom's review.
Following discussion, it was agreed that the document will be referred to the Governance Committee for review, following which the FinCom will have a second reading.
III. Other Business - Solar Panel Discussion
A.
Documents for Review
Mr. Michelot reported that the documents for the solar project are ready to be executed once approval has been given by bond counsel. Mr. Martin will review the documents before execution.
IV. Closing Items
A.
Adjourn Meeting
| Roll Call | |
|---|---|
| Ryan Higgins |
Aye
|
| Lesly Michelot |
Aye
|
| Matthew Yezukevich |
Aye
|
| Karen Calvert |
Aye
|
- Aug 31 2025 Budget to Actual.pdf
- Unaudited 6 30 2025 Budget to Actual.pdf
- FRCS Fiscal Policies and Procedures final 09 08 2025.docx
- FRCS Fiscal Policies and Procedures final 09 08 2025 w Changes.pdf
Tabled to next meeting.