Northwood Academy Charter School
Minutes
Finance Meeting
Date and Time
Wednesday April 8, 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 (remote)
Committee Members Absent
None
Guests Present
Denise (Guest), E. Lofton (remote), J. Hamer (remote), Michael Spain (Guest)
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance
C.
Approve Agenda
D.
Approve previous Meeting Minutes from March 4, 2026.
E.
Community Comment
II. CBAs, Resolutions & Discussion Items
A.
Resolution 2026.044: February 2026 Finance Report
Request for debt to equity ratio for the mortgage to be added to the report and for the Board meeting to add the swing of deficit to access.
B.
Resolution 2026.045: Budget Transfer
C.
Discussion: Facility Condition Assessments (FCA)
The team will be on site on 4/27/26 and will provide a plan with recommendations. The cost is less than originally expected at $10K not $12K.
D.
Discussion: 2026-2027 NACS Budget Development - Draft 3
Progress continues to be made with the budget. Two of our current contractors have become permanent employees. A copy of the budget will be sent to the Board on 6/5 for review, prior to the June Board Meeting.
E.
Discussion: Mortgage Re-Finance
Last portion of mortgage to re-finance for 15-20 year fixed rate is still awaiting the charter renewal to proceed.
F.
Discussion: Status of the current Food Service RFP
RFP was released on March 9th. Winston's current contract end at the end of SY 26-27, so we will stand down on the RFP until then.
No Community Comment for this meeting.