Final

Northwood Academy Charter School

Finance Committee Meeting

Date and Time

Wednesday June 1, 2022 at 5:00 PM EDT

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/81883650922
 

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 5 m
   

https://app.smartsheet.com/sheets/p6G9xJXPxGWQ5j8pRqmg3pxfvfRFhwwV4w5cPVr1

Open Mid Year CBAs
 

2022.60 - NoRED Ink Program

2022.61 - Additional Consultation / Recruitment contract

 

  
III. 2022-2023 Annual Budget 5:10 PM
  A. Review list of planned CBAs (pulled from the 2021-2022 list) Discuss Kristie Dugan 10 m
   

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

 

  • All ESSER related line items will contain the same comment referencing they are in their 2nd year of funding and will require a CBA for the 23/24 Budget.
  • All CBAs will be designated as 'Prepared By' by either Kristie Dugan or Kathryn Henry.

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

 

 

  
  B. Annual Budget Version 4 Discuss Tom Taylor 10 m
   
  • Review Version 4 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. 
  
  C. Annual Budget Version 4A 10 m
   

Version 4A includes the Compensation Market Study.

  
  D. NACS Total Rewards Framework Discuss Kristine Spraga 5 m
   

Identify the impact of the Framework to Versions 4 and 4A of the SY 22/23 Budget.

  
  E. ESSER Funding Discuss Tom Taylor 5 m
   

Review updated ESSER II, ESSER III and 7% Set Aside Funding Reports.

  
IV. Closing Items 5:50 PM
  A. Adjourn Meeting Vote Kristine Spraga 1 m