Northwood Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Wednesday May 3, 2023 at 5:00 PM
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/89081917722
Committee Members Present
K. Spraga (remote), T. Boler (remote), T. Hunt (remote)
Committee Members Absent
T. Taylor
Guests Present
A. Mohamad (remote)
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance
C.
Approve Agenda
D.
Approve previous Meeting Minutes
E.
Community Comment
II. Discuss Current Debt Ratio
A.
When did IEPs dropped off?
IEP corrections and updates made for compliance by May 20th.
Overbudget due to not being in compliance with IEPs.
B.
Date when funding will be in the budget.
C.
23-24 Budget
Changes needed to budget:
d. CHange 3% to 2%
f. instructional staff 3%
g. Executive Team Bonus 3% (Goals to be provided)
k. $200 per month
m. professional development numbers need to be updated
n. update projected cost for team lead/grade stipend
p. CBA for In-House Tutoring
update vacant positions
update spreadsheets
1100: Regular Ed, no longer needs Intro to Reading
1200: Special Ed, follow up on IDEA revenue received and what it is based on
2300: Update Human Resources Numbers
2380: Human Resources: Remove recruitment contract
2400: Certified Nurse Assistant 1 day a week
2600:
a. Utility Usage at 15%
f. remove security guard line (f. goes back to personnel)
There is not community comment.