Alma del Mar
Finance Committee Meeting
Published on June 19, 2020 at 12:36 PM EDT
Date and Time
Friday August 16, 2019 at 11:00 AM EDT
Location
Alma del Mar Charter School, 515 Belleville Avenue, New Bedford, MA 02746
Agenda
I. | Opening Items | |
Opening Items
|
||
A. | Record Attendance and Guests | |
B. | Call the Meeting to Order | |
C. | Approve Minutes | |
Approve minutes for Finance Committee on June 14, 2019 | ||
II. | Finance | |
Finance
|
||
A. | FY19 Financials | |
Financial Highlights: |
||
B. | FY20 Financials Format & Tuition Update | |
Fincom will be reviewing the financials for 2 School Campuses, a Network, and 2 QALICB's.
Tuition has been released as of 8/2/19 resulting in an increase of $250k for FY20. Breakdown between campuses is $175k at Ottiwwell and $75k at Douglass. |
||
C. | Alma del Mar and Component Unit Flowcharts | |
Review Operational and Debt Service Flowcharts. |
||
D. | FY19 Audit Update | |
Auditors were onsite for Fieldwork the week of August 5th.
Draft Report expected by mid September for Fincom to review. |
||
E. | Expansion Update | |
Status of Church St property. (Due Diligence, NMTC)
Recap of BPB meeting on 8/15. |
||
III. | Other Business | |
IV. | Closing Items | |
A. | Adjourn Meeting |