Foxborough Regional Charter School
Minutes
Finance Committee Meeting
Date and Time
Thursday January 5, 2023 at 5:00 PM
Location
Zoom
Meeting Format
Whether in person or online, the public is welcome to attend Board Meetings and have access to meeting minutes. Meetings are held once a month and additionally, as determined by the Board Chair. All meeting Agendas are posted to the school website at least 48 hours in advance of each public meeting.
During the meeting, the Board follows the published agenda and works through business. Audience members are not part of the formal discussion or deliberations, but may raise their hand to add brief comment or ask clarifying questions. Meetings start promptly on time as noted on the agenda.
Committee Members Present
Karen Calvert (remote), Lesly Michelot (remote), Linda Morse (remote), Lyle Wallace (remote), Matthew Yezukevich (remote), Sergio Martin (remote), Zilpa Koenig (remote)
Committee Members Absent
None
Guests Present
Eddie Ingram (remote), Heidi Berkowitz (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Privilege of the Floor
D.
Minutes
| Roll Call | |
|---|---|
| Linda Morse |
Abstain
|
| Zilpa Koenig |
Aye
|
| Matthew Yezukevich |
Aye
|
| Lyle Wallace |
Abstain
|
| Sergio Martin |
Aye
|
| Karen Calvert |
Aye
|
| Lesly Michelot |
Aye
|
| Roll Call | |
|---|---|
| Sergio Martin |
Aye
|
| Karen Calvert |
Abstain
|
| Lesly Michelot |
Aye
|
| Matthew Yezukevich |
Aye
|
| Lyle Wallace |
Abstain
|
| Zilpa Koenig |
Abstain
|
| Linda Morse |
Abstain
|
| Roll Call | |
|---|---|
| Lyle Wallace |
Aye
|
| Zilpa Koenig |
Aye
|
| Sergio Martin |
Aye
|
| Matthew Yezukevich |
Aye
|
| Karen Calvert |
Aye
|
| Lesly Michelot |
Aye
|
| Linda Morse |
Aye
|
E.
Projections
F.
capital projects
Lesly reported out: HVAC $120,000
Floor Replacement completed in ES
HS water bubblers replaced and added in cafeteria and gym
Exterior installing fence
Facilities Grounds Equipment Leaf Blower and Floor Scrubber were purchased
Security - need budget transfer signed from Matt Y, using funds from Tech Capital Budget
Update on Crosswalk - waiting to hear back from Town of Foxboro
Roof update - Architect provided updated numbers from $2 MM to $4 - 5.5 MM based on increase in cost of materials, wages, high demand
OPM Projection Manger - RFP for Bids
Project start end of June
Thursday 1/12 schedule a joint committee meeting with finance and facilities
Checking on warranty for gym roof
Architect to evaluate the ES roof, MS roof is 50 years old
Karen to set up meeting with bond counsel
Projections - Sergio asked for clarification on Student Activities and the reduction in the salary line. Per Pupil Tuition reduced based on Dec Payment
increase in grant revenue adding in YEAR II of 264 Grant
increase State & Federal Food Reimbursement based on new information
decrease in transportation program fees due to families leaving and receiving a refund
Expenses - decrease in employee benefits Health Insurance due to mid-year hires and a few positions not yet filled.
Linda asked about grant writing - Will Thompson was a new hire in March 2022 as our Grant Manager reporting to finance
No one