Northwood Academy Charter School
Minutes
Finance Meeting
Date and Time
Wednesday March 4, 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
Mar 4, 2026 05:00 PM
Apr 8, 2026 05:00 PM
May 6, 2026 05:00 PM
Jun 3, 2026 05:00 PM
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Monthly: https://us02web.zoom.us/webinar/tZUtdOCgqjooHtE1IUW9HmTLGLj3YIPHrVVI/ics?icsToken=DE54eUteZJw43v0xWQAALAAAAFu8y8EAhVBOuETP2zvdpqQnLs2JIAzzZlvvQf7lXRhYX1MVz4euthZD5zfBb4Ag7kgqpg0EssZ5dKViRDAwMDAwMQ
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), S. Yanni (remote), T. Hunt
Committee Members Absent
None
Guests Present
E. Lofton
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance
C.
Approve Agenda
D.
Approve previous Meeting Minutes from February 11, 2026.
E.
Community Comment
II. CBAs, Resolutions & Discussion Items
A.
CBA 2026.030: Continued Support from YPTC through June 30, 2026
B.
CBA 2026.031: Purchase of additional laptops
C.
Resolution 2026.034: January Finance Report
D.
Discussion: Facility Condition Assessments (FCA)
Dr. Yanni will complete the questionnaire required by the agency.
E.
Discussion: 2026-2027 NACS Budget Development
- The budget will be in real time and reflect line items.
- The Title I grant information was not submitted in a timely fashion so there is a lag in receiving payments.
High ticket items for the current budget are
- High turnover cost that were not accounted for in the budget.
- High expenditures such as the elevator repair and the high number of contracted staff in the building
- The number of SPED placements
An in depth look at personnel planning will occur for SY 26-27.
F.
Discussion: Mortgage Re-Finance
Nothing new to add, awaiting the charter renewal to be completed.
G.
Discussion: Status of the current Dining RFP
The RFP was approved. It will be posted in the newspaper from 3/16-4/3. A meeting will be held on 4/6 and 2weeks will be provided for questions. The public bid will be held on 4/23.
No Community Comment for this meeting.