Foxborough Regional Charter School
Minutes
Finance & Facilities Committee Meeting
Date and Time
Friday February 7, 2025 at 8:00 AM
Meeting Format
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Committee Members Present
Lesly Michelot, Matthew Yezukevich (remote), Sergio Martin (remote)
Committee Members Absent
Badawi Dweik, Karen Calvert
Guests Present
Christine Barraford, Toby Romer
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
D.
Vote to Authorize the Chair to Approve Executive Session Minutes Vote
Tabled to next meeting.
E.
Consent Agenda Chair to Approve Executive Session Minutes Vote March 14, 19, 22, 28 April 9 May 29 June 11 and 12
Tabled to next meeting.
II. Finance & Facilities
A.
Budget Calendar
Mr. Romer reviewed the budget calendar. He stated that the goal in streamlining the calendar is to maintain stability and consistency and allow sufficient time for the FinCom and the Board to have the level of detail necessary to make informed decisions about changing shifts that affect the budget.
B.
Enrollment
Mr. Romer reviewed his chart providing proposed multiple scenarios of all grade level enrollments over the next five years. Discussion ensued on the a) the impact of enrollment and tuition reimbursement from DESE; b) the financial incentive of an enrollment of 1,500 and the 5% increase in salaries; and c) the impact of the cap imposed on towns vis-a-vis reimbursement from the state.
Mr. Romer stated that the goal is to project an enrollment number that ensures a stable staffing level.
Mr. Yezukevich will present the pre-enrollment number to be submitted to the state for approval by the Board at its next meeting.
III. Other Business
A.
Budget to Actual
Mr. Romer reported that revenue projections are on track for the remainder of the year with small decreases. Discussion ensued on the impact of carrying curriculum expenses across several years rather than the entire expense in the year it was purchased.
Mr. Romer noted that are a number of expenses are anticipated this year with regard to the study being conducted by the Curriculum Adoption Committee in the area of improving the social studies curriculum.
A meeting is scheduled with regard to debt service on Wednesday, February 12th at 11:00AMs. Calvert and Mr. Romer to meet with Jen Mondonca of Troutman Pepper Locke and report back at the next meeting . Mr. Martin asked to be included in the meeting.
IV. Closing Items
A.
Adjourn Meeting
| Roll Call | |
|---|---|
| Badawi Dweik |
Absent
|
| Karen Calvert |
Absent
|
| Matthew Yezukevich |
Aye
|
| Sergio Martin |
Aye
|
| Lesly Michelot |
Aye
|
- FY2026 Budget Development Calendar.docx
- Jan. 31 2025 - Balance Sheet (Summary).pdf
- Jan. 31 - Budget to Actual (Comparative Summary).pdf
- Jan. 312 2025 - Budget to Actual (Summary).pdf
- FY26 Enrollment Recommendation - Board Proposal February 2025.docx
Tabled to next meeting.