Bridge Preparatory Charter School
Minutes
Finance Committee Meeting
Date and Time
Monday October 4, 2021 at 4:30 PM
Join Zoom Meeting
https://us02web.zoom.us/j/7872944585?pwd=VzF6Y1luK3dwVVV4NG9lbWVzRzI2dz09
Meeting ID: 787 294 4585
Passcode: 965225
Dial by your location-646 558 8656
https://us02web.zoom.us/j/7872944585?pwd=VzF6Y1luK3dwVVV4NG9lbWVzRzI2dz09
Meeting ID: 787 294 4585
Passcode: 965225
Dial by your location-646 558 8656
Committee Members Present
F. Santarpia (remote), G. Winn (remote), L. Timoney (remote), R. Kerr (remote)
Committee Members Absent
None
Guests Present
Dave Ashenfarb (remote), F. Ebanks (remote), Joe Albano (remote), Josh Moreau (remote), T. Castanza (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
G. Winn called a meeting of the Finance Committee Committee of Bridge Preparatory Charter School to order on Monday Oct 4, 2021 at 4:33 PM.
II. Audit Review
A.
Schall & Ashenfarb
III. Executive Director's Update
A.
Proposed FPP Manual changes + transaction report
ED to come to board with wording to vote to approve
B.
Contracts
A contract was presented for website design and maintenance. It was stated the website would be NYSED compliant, welcoming and informative. Scope of work reflects compliance and there is an ability to end the contract. It will be presented at the board meeting for a vote.
IV. Budget and Finance
A.
Update on Budget & Line of Credit
BoostEd is coming Oct 28th and there will be an updated/refreshed budget presented at the November board meeting.
The school will look into a Line of Credit and a credit card and update us at the November finance committee meeting.
B.
DYCD Grant process
Documents have been submitted from 2019. Grant has not been received as of yet.
V. Committee Goals, Procedures & Description
A.
Agenda & Meeting ownership
There was a discussion but not conclusion in terms of accountability for tasks surrounding committee meetings. L. Timoney will set up all meetings and Zooms for the remainder of the FY. Finance committee meeting will be held on the 2nd Tuesday of the month at 4:30pm via Zoom.
VI. Other Business
A.
Next Month's meeting items
Budget Refresh
Line of Credit & credit cards
Financial calendar
Goals
VII. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 5:35 PM.
Respectfully Submitted,
L. Timoney
Questions included understanding of high staffing salaries percentage to overall budget, need for line of credit, bad debt related to DOE and getting a credit card vs debit card.