Northwood Academy Charter School

Finance Committee Meeting

Date and Time

Wednesday March 2, 2022 at 5:00 PM EST
This is a public meeting of the Finance Committee of the Board of Trustees of Northwood Academy Charter School that was properly advertised pursuant to the Pennsylvania Sunshine Act. The public meeting schedule is posted at the school and on the website.

 

Members of the public are welcome to attend and listen to the Finance Committee conduct its business tonight. All written comments submitted to the Committee via email (board@northwoodcs.org) will be acknowledged and incorporated into the official minutes. This meeting is accessible to the public via the remote platform Zoom and is being recorded.

Meeting will be conducted via Zoom platform with ability to join via phone as well.Join Zoom Meeting
https://us02web.zoom.us/j/81310201034

Meeting ID: 842 0185 0722
Passcode: 254556
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Meeting ID: 842 0185 0722

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 5:00 PM
  A. Call the Meeting to Order   Kristine Spraga 1 m
  B. Record Attendance   Kristine Spraga 1 m
  C. Approve Agenda Vote Kristine Spraga 1 m
  D. Approve previous Meeting Minutes Approve Minutes Kristine Spraga 1 m
     
  E. Community Comment Discuss Kristine Spraga 1 m
II. Discuss CBAs 5:05 PM
  A. Current CBAs Vote Kristine Spraga 20 m
     
  B. Market Compensation Study Discuss Kristine Spraga 10 m
   

Discuss whether this can be included in the 22/23 Annual Budget Process.

 
III. 2022-2023 Annual Budget 5:35 PM
  A. Review list of planned CBAs (pulled from the 2021-2022 list) Discuss Kristie Dugan 15 m
   

Review updated Cost Details and Projected Costs for proposed 2022-2023 CBAs.

 

  • The planned list of CBAs will be transitioned over to 2023 naming convention.
  • The planned list of CBAs will be reviewed and updated to reflect 2022-2023 Cost Details. Only CBAs that have been updated with 2022-2023 costs will be included in Version 1 of the Annual Budget and submitted for the March Finance Sub Committee Meeting.

 

https://app.smartsheet.com/sheets/G49hFXFX3JxpGRCgmxC4JrvXFwcjp7m7jq3j7FJ1?view=grid 

 

 

 
  B. Annual Budget Version 1 Discuss Tom Taylor 20 m
   
  • Review Version 1 of the Annual Budget to include Assumptions and proposed CBAs.
  • Per the Annual Budget Process, all deliverables will be reviewed for input by the COO, Principal, Repice and Taylor and Total HR Solutions each month before submission to the Finance sub committee.
  • Deliverables provided for each Finance sub committee meeting will designate what information has been vetted with the COO, Principal, Repice and Taylor and Total HR Solutions. 
  • The following items will be evaluated for discussion during the March Finance sub committee meeting:
  1. Unused PTO Bonus
  2. Opt Out payments (Benefits)
  3. 12% increase in Benefits costs
  • Assumptions will be updated to include the approach for ESSR 3 Funding including Teachers, the Building, etc.
 
     
     
     
     
  C. ESSER Funding Discuss Tom Taylor 10 m
   
Review updated ESSER II and ESSER III Funding Reports.
 
     
     
IV. Closing Items 6:20 PM
  A. Adjourn Meeting Vote Kristine Spraga 1 m