Final

Breakthrough Public Schools

Breakthrough Finance Committee Meeting

Date and Time

Wednesday October 11, 2023 at 4:30 PM EDT

Location

Zoom

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 4:30 PM
  A. Record Attendance   1 m
  B. Call the Meeting to Order  
  C. Approve Minutes Approve Minutes 1 m
II. August & September 2023 Financials 4:32 PM
  A. August and September Financial Reports Discuss Celeste Farmer 20 m
   

Review and discuss year-to-date and projected financials for the Schools and BPS. 

  
  B. Finance Committee Metrics Discuss Celeste Farmer 5 m
   

Review the current status of Board Financial Metrics

  
III. Second Review: October Five-Year Forecast 4:57 PM
  A. Five-Year Forecast Vote Celeste Farmer 20 m
   

The School Finance Committee must recommend Board approval of the Five-Year Forecast, for submission to the state this month. 

The Five-Year forecasts reflect projected year-end estimates for FY24, as well as preliminary budget estimates for FY25, and long-term projections for FY26-28. The Five-Year Forecasts reflect our commitment to balanced budgets by FY27.

  
  B. ODE Budget Matrix Vote Celeste Farmer 5 m
   

The School Finance Committee must recommend Board Approval of the ODE budget matrices, to be submitted to the state this month. These documents are a state requirement and simply provide a more detailed breakdown of budgeted expenditures by function. 

  
IV. Miscellaneous Updates 5:22 PM
  A. Report Card Results/High Quality Status 5 m
  B. High Quality School Discretionary Funds Discuss Celeste Farmer 10 m
   

Presentation for consideration of a potential short-term and long-term strategy for schools that are designated as Quality Community Schools.

  
  C. Enrollment & Attendance Analysis
  D. CMO Fee Taskforce Discuss Celeste Farmer 10 m
   

First meeting date: 

Materials to be reviewed:

  • Current NCA
  • CMO fee history
  • CMO revenue/expense trends
  • CMO Team Narratives (Budget Narrative)
  
V. Closing Items 5:47 PM
  A. Adjourn Meeting Vote

Next Meeting