MOT Charter School
Minutes
Finance & Operations Committee Meeting
Date and Time
Wednesday May 15, 2019 at 7:00 PM
Location
1156 Levels Road
Committee Members Present
D. Watlington, J. Taylor, L. Savino, M. Hewett, N. Southworth, S. Stallone
Committee Members Absent
L. Jennings, M. Ali Khan, R. Carroll, Jr., S. Sullivan
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
J. Taylor called a meeting of the Finance & Operations Committee of MOT Charter School to order on Wednesday May 15, 2019 at 7:00 PM.
C.
Approve Minutes
J. Taylor made a motion to approve minutes from the CBOC Quarterly Meeting on 03-20-19 CBOC Quarterly Meeting on 03-20-19.
S. Stallone seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance
A.
Review JP Morgan Statements
Reviewed JP Morgan statements
B.
Review WSFS Accounts
Reviewed WSFS statements
C.
Review Monthly Board Financials
Reviewed monthly board financial statements, including facilities long-term priority list.
III. Other Business
A.
Review 2019-2020 Academic Budget
Reviewed budget proposal for 2019-2020 year, including basic assumptions and predicted revenues and expenses.
Committee recommended forwarding the proposed budget to the full board for approval at the next meeting.
IV. 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 8:00 PM.
Respectfully Submitted,
J. Taylor