Northwood Academy Charter School
Minutes
Finance Meeting
Date and Time
Wednesday February 11, 2026 at 5:00 PM
Location
You are invited to a Zoom webinar!
When: Feb 4, 2026 05:00 PM Eastern Time (US and Canada)
Every month on the First Wed, until Jun 3, 2026, 5 occurrence(s)
Feb 4, 2026 05:00 PM - rescheduled to Feb 11, 2026
Mar 4, 2026 05:00 PM
Apr 8, 2026 05:00 PM
May 6, 2026 05:00 PM
Jun 3, 2026 05:00 PM
Please download and import the following iCalendar (.ics) files to your calendar system.
Monthly: https://us02web.zoom.us/webinar/tZUtdOCgqjooHtE1IUW9HmTLGLj3YIPHrVVI/ics?icsToken=DE54eUteZJw43v0xWQAALAAAAFu8y8EAhVBOuETP2zvdpqQnLs2JIAzzZlvvQf7lXRhYX1MVz4euthZD5zfBb4Ag7kgqpg0EssZ5dKViRDAwMDAwMQ
Topic: Finance Committee Meeting
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Webinar ID: 810 3984 1245
International numbers available: https://us02web.zoom.us/u/kPB2y3HXx
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), S. Yanni (remote), T. Hunt (remote)
Committee Members Absent
None
Guests Present
E. Lofton (remote)
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance
C.
Approve Agenda
D.
Approve previous Meeting Minutes from January 7, 2026.
E.
Community Comment
II. CBAs, Resolutions & Discussion Items
A.
CBA 2026.015: Continuation of the PT ELL Teacher for an Additional Days (tabled from last meeting)
B.
Resolution 2026.023: Principal Search Agreement
| Roll Call | |
|---|---|
| F. Viall |
Aye
|
| T. Hunt |
Abstain
|
| K. Spraga |
Aye
|
| S. Yanni |
Aye
|
| F. Ayata |
Aye
|
| C. Jones |
Aye
|
C.
Resolution 2026.024: Fire Door Construction & Installation
D.
Resolution 2026.025: December Finance Report
There will be a change in the format to reflect the budget in real time. Ms. Spraga also asked that the report also include the debt to ratio information as of January 31st.
E.
Discussion: Univest CD Rate Lock-In
There will be a hold on the interest rate until next year.
F.
Discussion: Repair or Replacement of Gymnasium HVAC
NACS will add heaters and fans to assist with the temperature variations until the repairs arae made this summer.
G.
Discussion: Facility Condition Assessments (FCA)
The assessment is not to exceed a $12,000.
H.
Discussion: 2026-2027 NACS Budget Development
The budget will look at the following:
- revenue vs. expenditures
- regular ed / SPED / non-instructional
- debt to equity ratio
I.
Discussion: Mortgage Re-Finance
No updates.
J.
Discussion: Status of the current Dining RFP
Corrections were made and the document was re-submitted. There will be a pre-bid meeting held on 3/20/26 which will be posted to Inquirer and Northeast Times.
No Community Comment.