MOT Charter School
Minutes
Finance & Operations Committee Meeting
Date and Time
Wednesday August 21, 2024 at 6:00 PM
Location
High School Campus
1275 Cedar Lane Road
Middletown, DE 19709
Committee Members Present
C. Slater, D. Whitaker, K. Swab, M. Ali Khan, S. Doan
Committee Members Absent
S. Sullivan
Guests Present
B. Pace, M. Hewitt, N. Southworth
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
Ned reviewed the current month's JP Morgan statements, WSFS accounts and monthly financial reports.
C.
Review Monthly Board Financials
Ned reviewed the current month's JP Morgan statements, WSFS accounts and monthly financial reports. Also discussed were updates to the draft budget for the 24-25 academic year that was approved during the May 2024 full board meeting. Revenues and expenses were updated based on new information received following formal approval of the state budget and from DDOE regarding specific programs.
III. Other Business
A.
Constable Use of Force Policy
Constable Use of Force Policy was reviewed for presentation to the full board for approval
B.
Updates to Donated Leave Policy
This item was tabled until the next meeting
C.
Updates to financial assistance policy
Ned led a discussion of a small change in practice, allowing the business office to utilize greater discretion and flexibility in offering financial assistance to families over the course of the academic year. Rather than limiting families to a certain number of occurrences each marking period, aid amounts can be used over the course of the entire year.
Ned reviewed the current month's JP Morgan statements, WSFS accounts and monthly financial reports.