Final

The Academy of Alameda Charter School Board

Board Meeting

Date and Time

Monday February 28, 2022 at 6:30 PM PST

Agenda

     
I. Opening Items
 
Opening Items
  A. Call the Meeting to Order
  B. Record Board Member Attendance (Roll Call)
  C. General Public Comments
  D. Zoom Meeting Agreements and Protocol
   
  • This meeting is being recorded.
  • Please mute yourself when you enter the meeting and while someone else is talking. 
  • Use the "raise-hand" icon or raise your hand on video if you have a question.
  • Make sure that your name is spelled correctly. 
  • Use the "thumbs-up" or "clap" icons  to convey your emotions regarding a specific agenda topic.

 
  E. The Board Reviews The Academy of Alameda's Mission and Envisioned Future Statements
   
Mission: The Academy of Alameda equitably develops students into critical thinkers
and life-long learners who navigate the world with integrity, and who apply their learning
to empower themselves and their communities.

Envisioned Future: 
We envision a future where all of our students are successful,
and their destinies are not determined by their demographics.
 
II. Action Items
  A. The Academy of Alameda's 2020/21 Audit
   

Charter Schools are required to conduct annual independent financial audits in a manner which shall employ generally accepted accounting principles. Charter Schools are required to transmit a copy of their annual independent financial audit report for the preceding fiscal year to their chartering entity, the SCO, and CDE typically by December 15th.  Due to the COVID pandemic, the due date for the 2020/21 audits was January 31, 2022. The Academy of Alameda asked for and was granted an extension to turn in its (FY 21) audit by March 3, 2022.  

 

The annual audit will encompass the following key financial & compliance areas:

  • Statement of financial position
  • Statements of activities and cash flows for the year that ended
  • Notes to the financial statements
  • State Compliance (Attendance, Instructional Minutes, LCAP, CalPADS, and other State Programs)
  • Federal Compliance (a separate audit is required for LEAs that receive more than $750K/year for federal programs)

Prior to submission, the Board is responsible for reviewing and approving the results of the annual audit. The audit firm will be responsible for submitting the audit to all reporting agencies, no later than March 3, 2022.
III. Closing Items
  A. Adjourn Meeting