MOT Charter School
Minutes
Finance Committee Meeting
Date and Time
Wednesday May 16, 2018 at 7:00 PM
Location
1156 Levels Road, Middletown, DE 19709
Committee Members Present
D. Watlington, L. Jennings, L. Savino, M. Ali Khan, M. Hewett, N. Southworth, S. Stallone
Committee Members Absent
J. Taylor, R. Carroll, Jr., S. Sullivan
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
D. Watlington called a meeting of the Finance & Operations Committee of MOT Charter School to order on Wednesday May 16, 2018 at 7:09 PM.
C.
Approve Minutes
L. Jennings made a motion to approve minutes from the CBOC Quarterly Meeting on 03-28-18 CBOC Quarterly Meeting on 03-28-18.
L. Savino seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance
A.
Review JP Morgan Statements
Reviewed. No questions. L. Jennings suggested obtaining account summary from Amazon.com purchases as additional layer of oversight.
B.
Review WSFS Accounts
Reviewed. No questions.
C.
Review Monthly Board Financials
Reviewed. No questions.
III. Other Business
A.
Discuss facilities priority list for possible purchases prior to end of FY18
Discussed adding facility items to budget.
B.
Discuss Draft Budget for FY19
Discussed Budget Assumptions for 2018-2019.
IV. Closing Items
A.
Adjourn Meeting
D. Watlington made a motion to adjourn the meeting.
S. Stallone seconded the motion.
The committee VOTED unanimously to approve the motion.
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 8:00 PM.
Respectfully Submitted,
D. Watlington