MOT Charter School
Minutes
Finance & Operations Committee Meeting
Date and Time
Wednesday August 20, 2025 at 6:00 PM
Location
High School Campus
1275 Cedar Lane Road
Middletown, DE 19709
Committee Members Present
B. Pace, D. Whitaker, K. Swab, M. Ali Khan, M. Hewitt, S. Doan, S. Sullivan
Committee Members Absent
None
Guests Present
B. Reiling, N. Southworth, R. Dallas
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Review JP Morgan Statements
B.
Review WSFS Accounts
The statements were reviewed and no issues were discovered. Racheal Dallas discussed the year end report from this account.
C.
Review Monthly Board Financials
Racheal Dallas reviewed the School Financials that are included in the meeting minutes. This was for month ending 7/31/2025.
D.
Amended 2025-2026 Academic Year Budget
Racheal Dallas discussed difficulty with creating an amended budget is having an actual student and staffing numbers. The State funding is not able to be accurately determined at this time. Racheal discussed the issue with getting the Special Education funding from the State. Racheal reviewed the budget for school year 2025/2026. Racheal stated that due to State funding the earliest for a finalized budget is anticipating being completed the first week of October.
The statements were reviewed and no issues were discovered.