Northwood Academy Charter School
Minutes
Finance Meeting
Date and Time
Wednesday May 6, 2026 at 5:30 PM
Location
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Topic: Finance Committee
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When
Wednesday May 6, 2026 ⋅ 5:30pm – 7:30pm (Eastern Time - New York)
Location
https://us02web.zoom.us/j/87262045563?pwd=37q3rKvlfub8g7FJHro0FCRS00MpC3.1
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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), J. Hamer (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 April 8, 2026.
E.
Community Comment
II. CBAs, Resolutions & Discussion Items
A.
Resolution 2026.044: March 2026 Finance Report
B.
Discussion: 2026-2027 NACS Budget Development - Draft 4
Final draft should be completed by the June Board meeting. A resolution will go to the Board if additional changes need to be made after the meeting.
C.
Discussion about the Need for Re-services/Contingencies
D.
Discussion about the Purpose and Need for Committed Fund Balances - Curriculum, Facilities, Technology
E.
Discussion: Change Order for Fire Doors
The additional $4,000 change order for the fire rated doors will require an updated CBA which was completed during the meeting and will go before the Board for a vote in the June meeting.
F.
Discussion: Options for Comfort - Cooling in the Gymnasium
There are 3 options for cooling of the gym until repairs can be made over the summer. Three quotes will be gathered for proper vetting.
G.
Discussion: Mortgage Re-Finance
There is no change to this item until the charter has been approved.
H.
Discussion: Facility Condition Assessments (FCA)
Awaiting the report for review.
No community comment for this meeting.