MOT Charter School
Minutes
Finance & Operations Committee Meeting
Date and Time
Wednesday November 20, 2024 at 6:00 PM
Location
High School Campus
1275 Cedar Lane Road
Middletown, DE 19709
Committee Members Present
B. Pace, D. Whitaker, M. Ali Khan, M. Hewitt, S. Doan
Committee Members Absent
K. Swab
Guests Present
C. Slater, D. Mower-Wade, K. Gaines, N. Southworth, R. Dallas, S. Sullivan
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 WSFS Statements were reviewed and no issues were noted
C.
Review Monthly Board Financials
Rachael Dallas reviewed the current budget and no concerns were discovered. Rachael discussed that the electric rate and contractual services has increased and the allocated may need to be adjusted. The K-8 counseling space has been completed.
III. Other Business
A.
Donated Leave Policy
The Donated Leave Policy was discussed. Ned Southworth indicated that we have to follow this policy as written. All questions regarding the meanings in this policy were answered. Rachael Dallas discussed how the process would proceed if this is requested by an employee.
The JP Morgan Statements were reviewed and no issues were noted