Alma del Mar
Minutes
Finance Committee Meeting
Date and Time
Friday January 20, 2023 at 11:00 AM
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
Join Zoom Meeting
https://almadelmar-org.zoom.us/j/94806700051?pwd=eHVKcnlRcDkzYnN3UVNBNFF0dlI4UT09
Meeting ID: 948 0670 0051
Passcode: 152229
One tap mobile
+19292056099,,94806700051#,,,,*152229# US (New York)
+13017158592,,94806700051#,,,,*152229# US (Washington DC)
Dial by your location
+1 929 205 6099 US (New York)
+1 301 715 8592 US (Washington DC)
+1 309 205 3325 US
+1 312 626 6799 US (Chicago)
+1 646 931 3860 US
+1 253 215 8782 US (Tacoma)
+1 346 248 7799 US (Houston)
+1 386 347 5053 US
+1 564 217 2000 US
+1 669 444 9171 US
+1 669 900 6833 US (San Jose)
+1 719 359 4580 US
Meeting ID: 948 0670 0051
Passcode: 152229
Find your local number: https://almadelmar-org.zoom.us/u/acWNL01Y3J
Committee Members Present
C. Holley (remote), J. Baptist (remote), J. McDonough (remote), P. Ditchfield (remote)
Committee Members Absent
None
Guests Present
C. Fisher (remote), M. Marko (remote), T. DeLoach (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
| Roll Call | |
|---|---|
| J. McDonough |
Aye
|
| J. Baptist |
Aye
|
| C. Holley |
Aye
|
| P. Ditchfield |
Aye
|
D.
Approve Minutes
| Roll Call | |
|---|---|
| P. Ditchfield |
Aye
|
| J. Baptist |
Aye
|
| C. Holley |
Aye
|
| J. McDonough |
Aye
|
II. Finance
A.
FY23 December Financials
B.
School Vans Proposal
M. Marko presented a proposal to purchase two vans that would be used to transport scholars to afterschool activities, field trips, secondary school visits, etc.
| Roll Call | |
|---|---|
| C. Holley |
Aye
|
| J. McDonough |
Aye
|
| J. Baptist |
Aye
|
| P. Ditchfield |
Aye
|
C.
Douglass Campus Renewal & Replacement Study
E. Haddad prepared a memo re: the report. Further discussions and research need to be done. Committee will review revised report when it is completed.
Reviewed December financials.
QALICB unwind was successful, assets and liabilities transferred to the Foundation. C. Fisher will work on a lease agreement between Ottiwell Campus and Foundation for new debt structure after unwind.
No changes to tuition after December rates released.
Nutrition program with the District is running very smoothly. Forecast for the program this year has been adjusted in the financials.
Overall, the budget vs. actuals are tracking very well 6 months into the fiscal year and the School is in very good financial shape, anticipating a sizeable surplus for the fiscal year.