The Exploris School
Minutes
Finance Committee | Monthly Meeting
Date and Time
Thursday August 21, 2025 at 3:30 PM
Committee Members Present
J. Corbat (remote), K. Morgan (remote), S. Darroch (remote)
Committee Members Absent
G. Bayo, W. McLamb
I. Opening Items
A.
Opening Remarks
B.
Call the Meeting to Order
K. Morgan called a meeting of the Finance Committee of The Exploris School to order on Thursday Aug 21, 2025 at 3:34 PM.
C.
Approve the Minutes from the Last Meeting
K. Morgan made a motion to approve the minutes from Finance Committee Monthly Meeting on 07-21-25.
S. Darroch seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance Committee Agenda
A.
Review and discussion of monthly financial packet/reports
- The beginning of the school year's reports do not have a lot of detail, as most of our fiscal year spending has not yet occurred.
- The Committee discussed the July financial reports
- The State has not yet passed a budget.
- Both versions (House and Senate) had budget cuts in their last versions that we have received advice on.
- Steven would like the Committee to plan a few contingencies based on what we can predict about the State budget.
- We will invite Charter Success Partners to present at an upcoming Board Meeting. They have done this in the past, and it's a great way to gain a better understanding of the "state of the State" regarding Education funding, as well as how Exploris compares to other similar Charters.
B.
Requests for the Finance Committee that we need to address from the board
C.
Requests from the Finance Committee we would like to present to the board
- Steven would like a Board Handbook to be created, to include anything Board Members need to know about our finances (and how Charter School finances work).
D.
~3 month outlook for upcoming significant or unusual transactions
E.
Other items related to bonds/budget/audit/990/legal/contracts
F.
Finance Committee Items related to the Foundation or PTO
G.
Facilities financing - Short-term bridge financing and long-term financing
H.
All other Finance Committee items
I.
Notes on status of local funding, outstanding AP items, etc.
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 3:59 PM.
Respectfully Submitted,
J. Corbat