Alma del Mar
Finance Committee Meeting
Published on June 19, 2020 at 12:38 PM EDT
Date and Time
Friday September 20, 2019 at 11:00 AM EDT
Location
Alma del Mar Charter School, 515 Belleville Avenue, New Bedford, MA 02746
Agenda
| I. | Opening Items | |
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Opening Items
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| 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 | |
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Finance
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| A. | FY19 Audit Report Presentation | |
| B. | FY20 August Financials | |
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FY20 Financial Satements have been reformatted.
Balance Sheet - includes QALICB II for Church St acquisition costs P&L - includes Combined P&L along with individual P&L's for both Campuses and Network Private Support.Temp Restricted - new report that breaks down private support revenue between designated and undesignated (annual appeal) DSRC will be provided at meeting. |
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| C. | BPB Acquisition Loan Terms Sheet | |
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BPB Term Sheet-$500k LOC and $500k Pledge LOC
The Pre Development Budget has been updated with actuals through August and includes the $500k LOC and cash on hand from unspent donations. End result is cash positive until the closing of long term financing. |
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| III. | Other Business | |
| IV. | Closing Items | |
| A. | Adjourn Meeting | |