Making Waves Academy
Minutes
Finance Advisory Committee
Date and Time
Thursday April 30, 2020 at 10:30 AM
Location
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Meeting ID: 973 7348 8106
Password: 058730
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If you have questions about the agenda and materials or you are in need of disability-related accommodations, please contact:
Si tiene preguntas sobre la agenda y materiales o necesita adaptaciones relacionadas con la discapacidad, comuníquese con:
Elizabeth Martinez at emartinez@mwacademy.org or 510-227-9856.
In accordance with Executive Order N-25-20 in the State of California, we will be hosting this meeting via teleconference.
Public Comment
The public may address the committee regarding any item within the subject-matter jurisdiction of the MWA governing board.
Under Public Comment, members of the public may
Under SB1036 the minutes from this meeting will omit student and parent names and other directory information, except as required by judicial order or federal law. If a parent/ legal guardian wishes a name be included, one must inform the board prior to their public comment. Please note that all agenda times are estimates.
Si tiene preguntas sobre la agenda y materiales o necesita adaptaciones relacionadas con la discapacidad, comuníquese con:
Elizabeth Martinez at emartinez@mwacademy.org or 510-227-9856.
In accordance with Executive Order N-25-20 in the State of California, we will be hosting this meeting via teleconference.
Public Comment
The public may address the committee regarding any item within the subject-matter jurisdiction of the MWA governing board.
Under Public Comment, members of the public may
- Comment on items on the agenda
- Comment on items not on the agenda
- Presentations are limited to one minute each, or a total of five minutes for all speakers.
Under SB1036 the minutes from this meeting will omit student and parent names and other directory information, except as required by judicial order or federal law. If a parent/ legal guardian wishes a name be included, one must inform the board prior to their public comment. Please note that all agenda times are estimates.
Committee Members Present
Alicia Klein (remote), Alton B. Nelson Jr. (remote), Hung Mai (remote)
Committee Members Absent
None
Guests Present
Elaine Clark, Elizabeth Martinez (remote), Patrick O’Donnell, Wallace Wei (remote)
I. Opening Items
A.
Call the Meeting to Order
Alicia Klein called a meeting of the Finance Committee of Making Waves Academy to order on Thursday Apr 30, 2020 at 10:30 AM.
B.
Record Attendance and Guests
C.
Public Comment
No public comments were made.
II. MWA Finance
A.
FY 2021 Budget Overview
CARES Act
- The Committee discussed the status of the school’s application for PPP funding to offset economic challenges created by the economic downturn.
- MWA CFO presented the proposed 2020-21 Original Budget, and highlighted the key changes from the projected actuals for 2019-20, and from the first draft of the 2020-21 Original Budget presented to the Committee in February.
B.
FY 2021 Budget Details
- The Finance Advisory Committee discussed:
- The impact on government revenues due to the economic fallout of COVID-19.
- The effort MWA has made to reduce expenditures.
- Additional budget adjustments MWA could make if the economic outlook further deterioriates.
- The Finance Advisory Committee will recommend the 2020-21 budget to the MWA’s Board for approval.
C.
Strategic Plan Financial Model Discussion
Item was not discussed.
D.
Requests for MWF Support for FY 2021
Item was not discussed.
III. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 11:30 AM.
Respectfully Submitted,
Wallace Wei