Rooted School - Washington

Minutes

Finance / Fund Development Committee

Date and Time

Monday October 21, 2024 at 4:30 PM

Location

Rooted School Vancouver

 

10401 NE Fourth Plain Blvd

Suite 201

Committee Members Present

A. Mason (remote), M. Paolini (remote), S. Carney, T. Foster (remote)

Committee Members Absent

T. Knox

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

A. Mason called a meeting of the Finance Committee Committee of Rooted School - Washington to order on Monday Oct 21, 2024 at 4:30 PM.

C.

Approve Minutes

II. Finance / Fund Development

A.

RSV Finance Update

Matt Paolini provided a financial update on the school’s budget status, revenue, and expenditure tracking for the fiscal year. Discussions highlighted key funding streams, budget allocations, and current financial health. Questions from board members focused on projected end-of-year balances and adjustments needed based on recent spending trends.

B.

Enrollment and Long Term Fiscal Plan

Steven Carney reported on the current enrollment status and its impact on fiscal planning. He presented a long-term financial outlook, focusing on sustainable growth strategies and the fiscal implications of fluctuating enrollment. The discussion included considerations for forecasting future enrollment trends and their alignment with financial planning to ensure stability and growth.

C.

Partnership with Fundraising Vendor

Adrienne Mason introduced potential fundraising partnerships to bolster financial support for the school. She outlined the evaluation criteria for vendor selection and discussed preliminary interactions with potential partners. The committee reviewed the expected outcomes of such a partnership and how it would align with the school's mission and financial goals.

III. Closing Items

A.

Action Items

B.

Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 5:19 PM.

Respectfully Submitted,
A. Mason