Foxborough Regional Charter School
Minutes
Finance & Facilities Committee Meeting
Date and Time
Thursday October 9, 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, Lesly Michelot (remote), Matthew Yezukevich, Ryan Higgins, Sergio Martin, Toby Romer (remote)
Committee Members Absent
None
Committee Members who left before the meeting adjourned
Karen Calvert
Guests Present
Christine Barraford (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Privilege of the Floor
II. Finance
A.
Capital Plan Draft Review
Mr. Michelot presented the first draft of the fifteen-year capital plan including the following highlights:
- Summary plan by year with the first year targeting the middle and high school HVAC equipment.
- Strategic plan for each year with breakdown of the anticipated costs.
- Campus map illustrating proposed plans.
Discussion ensued on various aspects of the capital plan.
- Debt service ratio.
- Bond covenants with regard to additional debt.
- Advantage of lease vs. purchase of technology upgrades.
- Positive optics of exterior aesthetic changes to buildings.
Mr. Yezukevich asked that the document treated s a living document with annotations of projects advanced from year to year, completed and otherwise changed.
Other
Mr. Michelot noted that the new bus had been put into service with families accommodated previously on the waiting list.
Also discussed was the plan to engage with strategic action firms. Mr. Michelot will start the process to begin in earnest by January.
B.
Fiscal Policy and Procedure
There were none to review.
III. Closing Items
A.
Review and Approval of Minutes
Tabled to next meeting.
B.
Adjourn Meeting
| Roll Call | |
|---|---|
| Toby Romer |
Aye
|
| Matthew Yezukevich |
Aye
|
| Lesly Michelot |
Aye
|
| Ryan Higgins |
Aye
|
| Sergio Martin |
Aye
|
| Karen Calvert |
Absent
|
- FRCS_15Y_Capital Plan .xlsx
- FRCS Campus Plans.pdf
- Foxborough_Reg_Charter_Master_Plan_Study_Estimate_03.21.25.pdf
There was no privilege of the floor.