Northwood Academy Charter School
Minutes
Finance Meeting
Date and Time
Wednesday August 19, 2026 at 5:30 PM
Location
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Location
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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/81262701294
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
I. Opening Items
A.
Call the Meeting to Order
B.
Roll Call
C.
Public Participation
D.
It is recommended that the Finance Committee approve the June 3, 2026 meeting minutes.
E.
It is recommended that the Finance Committee approve the August 19, 2026 agenda.
II. Discussion Items
A.
Healthcare Insurance Renewal for September 1, 2026 through August 31, 2027
Ms. Hunt provided an update on the healthcare insurance renewal.
B.
District Subsidy Adjustments
Dr. Yanni provided an updated on district subsidy adjustments.
C.
Update on Summer Work/Projects
Mr. Jones provided an update on summer work/projects.
D.
Update on the Progress of the Facility Conditions and Next Steps
Dr. Yanni provided an update on the Facility Condition Assessment. Members of the ICS team will join an upcoming meeting to present their findings.
E.
Mortgage Reinfancing
Ms. Spraga indicated that this is a recurring agenda item. Dr. Yanni and Mr. Ayata are awaiting the final, signed copy of the charter and then will proceed with the mortgage refinancing.
III. Action Items
A.
It is recommended that the Finance Committee approve the finance report for July 1, 2025, through June 30, 2026.
B.
It is recommended that the Finance Committee authorize the Director of School Business Operations to secure the credit card offered by Bill.com and to use it for applicable purchases.
C.
It is recommended that the Finance Committee authorize the Director of School Business Operations to commit funds for each of the accounts/committed fund balances as presented.
IV. Closing Items
A.
Adjourn Meeting
- District Subsidy Update - FinCom 2026 08 19.pdf
- Yearly Financial Reports 2025-2026.pdf
- Board Memo - Committed Fund Balance Revisions 2026 08 19.pdf
No public participation.