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Alma del Mar

Finance Committee Meeting

Virtual on Zoom
Published on January 18, 2023 at 9:26 AM EST
Amended on January 18, 2023 at 2:04 PM EST

Date and Time

Friday January 20, 2023 at 11:00 AM EST

Location

Alma Network is inviting you to a scheduled Zoom meeting.

Topic: Finance Committee
Time: Aug 19, 2022 11:00 AM Eastern Time (US and Canada)
       Every month on the Third Fri, until Jul 21, 2023, 12 occurrence(s)
       Aug 19, 2022 11:00 AM
       Sep 16, 2022 11:00 AM
       Oct 21, 2022 11:00 AM
       Nov 18, 2022 11:00 AM
       Dec 16, 2022 11:00 AM
       Jan 20, 2023 11:00 AM
       Feb 17, 2023 11:00 AM
       Mar 17, 2023 11:00 AM
       Apr 21, 2023 11:00 AM
       May 19, 2023 11:00 AM
       Jun 16, 2023 11:00 AM
       Jul 21, 2023 11:00 AM
Please download and import the following iCalendar (.ics) files to your calendar system.
Monthly: https://almadelmar-org.zoom.us/meeting/tJAld--vrjsqH9W58jHHFHq9lM313K6tkMny/ics?icsToken=98tyKuCspjssHdSVsByGRowIGoigM-3ziGJfgvpqyUfvKwh1ShKvOs8RY-FURszb

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Meeting ID: 948 0670 0051
Passcode: 152229
Find your local number: https://almadelmar-org.zoom.us/u/acWNL01Y3J

 

Agenda

      Purpose Presenter Time
I. Opening Items 11:00 AM
  A. Record Attendance   Charles Holley 1 m
  B. Call the Meeting to Order   Charles Holley
  C. Approve Minutes Approve Minutes Charles Holley 1 m
    Approve minutes for Finance Committee Meeting on October 21, 2022  
  D. Approve Minutes Approve Minutes Charles Holley 5 m
    Approve minutes for Finance Committee Meeting on November 18, 2022  
II. Finance 11:07 AM
  A. FY23 December Financials Discuss Christine Fisher 10 m
   

Balance Sheet:

QALICB unwind in November was successful.  All assets and debt were transferred to Foundation.  QALICB will be dissolved.

 

P&L:

-No change to tuition from December projections.

-Nutrition program with the district is up and running.  There will be no additional revenue or expenses for Alma in FY23.  The district will provide all meals and snacks (with exception of afterschool) and will claim the nutrition revenue from the federal program.

-Ottiwell's maintenance is tracking high due to extra contracted services and building upkeep.  CS will be funded by ESSER

-Eliminated deferred rent expense from Ottiwell-was related to rent agreement with QALICB.  A new lease agreement with Ottiwell and Foundation will be executed but there will be no deferred rent.

-Tracking expenses on Network for FY24 budget planning, will be moving Fisher operating costs from Douglass budget to the Network.

-Additional PD for the Network will be funded by ESSER.

-Not included in forecast is $1.85million in ESSER revenue funds.  Will drop into P&L once expenses have been allocated to the grant.

  
  B. School Vans Proposal Vote Matt Marko 10 m
   

Purchase price of two vans = $92,000

  
  C. Douglass Campus Renewal & Replacement Study Discuss Matt Marko 10 m
III. Other Business
IV. Closing Items
  A. Adjourn Meeting Vote Charles Holley