MOT Charter School
Minutes
Finance Committee Meeting
Date and Time
Wednesday September 24, 2025 at 6:00 PM
Location
K8 Academy Campus
1156 Levels Road
Middletown, DE 19709
Committee Members Present
B. Pace, D. Whitaker, K. Swab, M. Ali Khan, S. Doan
Committee Members Absent
M. Hewitt, S. Sullivan
Guests Present
N. Southworth, R. Dallas
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
K. Swab called a meeting of the Finance & Operations Committee of MOT Charter School to order on Wednesday Sep 24, 2025 at 6:25 PM.
C.
Approve Minutes
S. Doan made a motion to approve the minutes from August Meeting Finance & Operations Committee Meeting on 08-20-25.
K. Swab seconded the motion.
The committee VOTED to approve the motion.
II. Finance
A.
Review JP Morgan Statements
B.
Review WSFS Accounts
Reviewed statements and had discussion on purpose of WSFS account. It is used for the mortgage and for deposits for school fund raising. Account will slowly be transitioned to be mortgage only.
C.
Review Monthly Board Financials
Reviewed all variances and discussed. Unit count will be available Sept 30. Salaries have been budgeted and final budget will be available for vote in the October meeting.
III. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 7:00 PM.
Respectfully Submitted,
K. Swab
Reviewed and all found to be in order