Packet ready

Maine Charter School Commission

Finance Committee Meeting

Published on May 7, 2026 at 6:58 AM EDT

Date and Time

Thursday May 7, 2026 at 1:00 PM EDT

Location

Zoom

Agenda

Section Number Topic Number Details Purpose Presenter
I. Opening Items
  A. Record Attendance   Susan Whipkey
  B. Call the Meeting to Order   Brian Langley
II. Agenda Items
  A. FY26 Financial Report Packet - YTD March 2026 Discuss Susan Whipkey
   
  • Summary
  • Budget to Actual Spending and Projected FY26 Spending
  • Carryforward Funds 
  • Balance Sheet
  • Operating Account Statement and Reconciliation
  • Investment Account Statement and Reconciliation
  • Credit Card Statement dated 3/25/2026
  B. FY27 Budget Discussion and Recommendation Discuss Lana Ewing
   
  • FY27 Budget Proposal
  • FY27 Budget Proposal Notes
  C. Requests to Incur Debt Discuss Lana Ewing
   
  • ACADIA Academy Request to Secure a Revolving Line of Credit
  D. Maine Charter School Commission - Draft Policy Review Discuss Lana Ewing
   

For Commission Vote

 

  • Revised Travel & Expense Reimbursement Policy - Draft
  • Accounting & Capitalization Policy - Draft
  • Procurement & Purchasing Policy - Draft
  • Audit & Financial Review Policy - Draft

 

 
  E. School Update FYI Susan Whipkey
   
  • FY25 Audit Report Submission Status
  F. Amendment Requests/Fund Requests Discuss Lana Ewing
   
  • Innovation Fund Proposals from:
    • Maine Academy of Natural Sciences - Community School Coordinator to address Chronic Absenteeism
    • Maine Academy of Natural Sciences - Workshop Yurt
    • Baxter Academy - Baxter Launch Lab
III. Updates / Announcements / Reminders
IV. Next Month's Topics
V. Next Meeting Date/Time
 
  • June 4, 2026 (Zoom)
VI. Closing Items
  A. Adjourn Meeting FYI