Amani Public Charter School
Minutes
Board Meeting
Date and Time
Monday May 16, 2022 at 6:00 PM
Location
Amani Public Charter School
Directors Present
G. Johnson (remote), J. Killoran (remote), P. Smith (remote), T. Houston
Directors Absent
S. Edwards
Ex Officio Members Present
D. Stern
Non Voting Members Present
D. Stern
Guests Present
B. Tanner (remote), P. Salmon
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Child Abuse and Mandated Reporting Policy
B.
Financial Review 3.31.22
Reviewed budget to actuals.
Overall per pupil revenue are project to be down due to students moving out of district (out of state). Projected enrollment is appx. 343 vs 355. Revenue down appx. $225,000.
Forgiveness of PPA is added to revenue.
$350,000 in FY22 budget for State Aid for Charter Schools school is due to district ONLY to make up for Charter School in district and NOT the Charter School ($1,000 per student). Negative impact on budget for FY22
Consider looking at copier lease and potential options
C.
FY 2023 Budget
Reviewed and discussed preliminary FY23 Budget Revenues
MVCSD Per pupil is basically flat and still appx. $600 below the peak in 2022
Medical insurance cost are up 13% will pass on some of cost to employees - higher employee premium cost.
3% COL adjustment
Eliminate Building Aide positions
Add 1 SWD Teacher, HR Manager nd potential facilities manager
D.
IRS Employee Retention Credit
Provide overview of the IRS Retention Credit.
Alliant Group - specialized tax firm
Discuss benefits
Discussion on policy and materials. Reviewed presentation provided by insurance company.