MOT Charter School
Minutes
Finance Committee Meeting - VIRTUAL MEETING ONLY. See meeting info below.
Date and Time
Thursday December 18, 2025 at 6:00 PM
Location
Meeting via Zoom. Please use the link below.
https://motcharter.zoom.us/j/87995211655?pwd=AYJT9whJ4HDQPFuHXjy9yFQoDEJQQP.1
Committee Members Present
B. Pace (remote), D. Whitaker (remote), K. Swab (remote), S. Doan (remote)
Committee Members Absent
M. Ali Khan, M. Hewitt, S. Sullivan
Guests Present
N. Southworth (remote), R. Dallas (remote)
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
Rachael led a review of WFSF account statements. No issues or concerns were noted.
C.
Review Monthly Board Financials
Rachael led a review of monthly financials.
- State revenue is basically finalized as of December 1st.
- All initial local billing has been received.
- No tuition tax revenue has been received yet - this typically comes in during December or January.
- Variance in November is due to timing issues: receipt of enhanced MCI funds and lunch payment processing.
III. Other Business
A.
Paid Family Medical Leave Policy
Rachael provided an overview of our plan for implementation of the Paid Medical Leave Policy, beginning January 1st. We will have a policy for review and approval at the January board meeting.
B.
Senior early-out proposal
Ned provided an overview of a trial "senior early-out" program that the high school will roll out in January. Students must be in good academic and social standing, and may only leave during 10th period when they have a scheduled, non-academic study hall. Parents will have to provide their approval and this benefit can be taken back if students fail to maintain eligibility.
C.
SpecEd issue update
Ned provided an update on the status of a SpecEd issue.
Rachael led a review of JP Morgan statements. No issues or concerns were noted.