Northwood Academy Charter School
Minutes
Finance Meeting
Date and Time
Wednesday December 3, 2025 at 5:00 PM
Location
You are invited to a Zoom webinar!
When: Jul 2, 2025 05:00 PM Eastern Time (US and Canada)
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Jul 2, 2025 05:00 PM
Aug 6, 2025 05:00 PM
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Topic: Finance Committee Meeting
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Webinar ID: 810 3984 1245
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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 the ability to join via phone as well.
Join Zoom Meeting: https://us02web.zoom.us/j/81039841245
Committee Members Present
C. Jones (remote), F. Ayata (remote), F. Viall (remote), K. Spraga (remote), N. Daly (remote), S. Yanni (remote), T. Hunt (remote)
Committee Members Absent
None
Guests Present
E. Lofton (remote), Justin (Guest) (remote)
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance
C.
Approve Agenda
D.
Approve previous Meeting Minutes from November 5, 2025.
E.
Community Comment
II. CBAs, Resolutions & Discussion Items
A.
Resolution 2025.123: Finance Report
B.
Resolution 2025.124: Bill.com Integration
C.
Resolution 2025.125: Visa/Mastercard Credit Card Application & Closure of Amex
D.
Resolution 2025.126: NACS Board Development Proposal
| Roll Call | |
|---|---|
| S. Yanni |
Aye
|
| N. Daly |
Aye
|
| F. Viall |
Aye
|
| C. Jones |
Aye
|
| F. Ayata |
Aye
|
| K. Spraga |
Aye
|
| T. Hunt |
Abstain
|
E.
CBA 2025.127: Leadership 2040 Expenses
| Roll Call | |
|---|---|
| F. Ayata |
Aye
|
| C. Jones |
Aye
|
| S. Yanni |
Aye
|
| T. Hunt |
Abstain
|
| N. Daly |
Aye
|
| K. Spraga |
Aye
|
| F. Viall |
Aye
|
F.
CBA 2025.128: Right to Know and Office of Inspector General Costs by Total HR
| Roll Call | |
|---|---|
| K. Spraga |
Aye
|
| F. Ayata |
Aye
|
| F. Viall |
Aye
|
| C. Jones |
Aye
|
| S. Yanni |
Aye
|
| N. Daly |
Aye
|
| T. Hunt |
Abstain
|
G.
CBA 2025.129: Right to Know and Office of Inspector General Costs by Legal
H.
Discussion: Mortgage Re-Finance
The mortgage company is in a holding pattern and will not increase the interest rate but still requires us to produce a signed charter agreement.
I.
Discussion: Status of the current RFP's
The Food Service RFP was submitted on 11/21/25 and is awaiting feedback from the state.
The Facilities and Securities RFPs have been reviewed. They all came back higher than what we currently pay ranging between 3% - 89% higher. It would mean lower staffing at a higher pay rate. Everything will be reviewed to see how we proceed.
J.
Discussion: Review of 600 Series Finance Policies
Finance policies to be be reviewed by all and voted on in the December Board meeting. They will be added to the updated NACS Policy Book.
K.
Discussion of YPTC Engagement/Transition Plan
The phse out plan fro YPTC is to be completed by March 2026. This would allow for them to complete the audit process and all internal controls to be in place for payroll, billing and invoices completed by March for a smooth transition.
No Community Comment for the December 3rd meeting.