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Alma del Mar

Finance Committee Meeting

Published on June 19, 2020 at 12:45 PM EDT

Date and Time

Friday December 13, 2019 at 11:00 AM EST

Location

Alma del Mar Charter School, 515 Belleville Avenue, New Bedford, MA 02746
Remote Participant Information:

Dial-in Number:  515-606-5961
Access Code:  946958

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 Meeting on November 15, 2019
II. Finance
 
Finance
  A. FY19 November Financials
   

No significant changes to forecast.  
Balance Sheet:
Transferred transactions from QALICB II to the Foundation.
739 Church St. is recorded as a land asset, WS Church St. is recorded in escrow.

DSRC in compliance.
 
  B. Church St. Update
   
Update from Community Meeting scheduled 12/12.
Design Update.
 
  C. Summary of Call with EFF
  D. FY19 DSRC Compliance Certificate
   

Calculation has been reviewed and approved by auditors and Boston Private.  Board Chair and Foundation President's signatures required.
  E. Annual Renewal of Line of Credit
   
The School's $300k line of credit is up for its annual renewal.   No changes have been made to the loan agreement, Board Chair's signature required.
III. Other Business
IV. Closing Items
  A. Adjourn Meeting