MOT Charter School
Minutes
Citizen's Budget Oversight Committee Meeting
Date and Time
Monday May 15, 2023 at 6:00 PM
Location
High School Campus
1275 Cedar Lane Road
Middletown, DE 19709
Meetings will be held in the Conference Room
Committee Members Present
D. Whitaker, L. Savino, N. Southworth, R. Dallas, S. Sullivan
Committee Members Absent
D. Watlington, J. Taylor, K. Swab, M. Ali Khan
Guests Present
C. Slater, D. Mower-Wade, S. Doan
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 an no issues or concerns were discovered.
C.
Review Monthly Board Financials
Rachel Dallas reviewed the financials as indicated by the documents included.
III. Other Business
A.
Review and discussion of proposed budget for 23-24 Academic Year
Ned Southworth reviewed the proposed budget for 23-24 Academic Year. Ned talked about the salary increased indicated by the Governor. He discussed how the change to provide the salary increase implemented in September versus currently in January. Ned talked about creating a performance bond for the work being done on the roof for the K-8 building. Recommendation for the committee to present this budget to the full board meeting.
The statements were reviewed an no issues or concerns were discovered.