Northwood Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Wednesday September 6, 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/85650164954
Committee Members Present
A. Sawyer (remote), K. Spraga (remote), M. McLeish (remote), T. Hunt (remote)
Committee Members Absent
None
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
Approve August Meeting Minutes in November
E.
Community Comment
II. Financials
A.
Financial Report
September Financial Notes
- Mr. McLeish also noted the need for a revision to the adopted budget later in the fiscal year, due to the aforementioned bonus increases and other variances.
- Mr. McLeish discussed the first round of retention bonuses for returning staff as well as some early variances in staffing and professional services.
III. Discuss CBAs
A.
Expenditure Request - SPED Teacher Search
Tracee Hunt Obstained
B.
CBA2023.40 - TCI Puchase/Renewal
More details needed for next Finance Meeting
IV. SY 23/24 Budget
A.
Review the SY 22/23 Budget
Michael McLeish discussed the remaining budget items
Update Date on the agenda.