Great Oaks Charter School - Bridgeport

Minutes

GOBPT April Finance Meeting

Date and Time

Wednesday April 9, 2025 at 5:00 PM

Location

375 Howard Ave.

Bridgeport, CT 06605

Committee Members Present

Bob Carlson, Corey Sneed (remote), David Zieff

Committee Members Absent

Bea Bagley, Daniel Luciano, Eva Vega

Guests Present

Benjamin Chan, Farah Martin, John Scalice, Latoya Hubbard

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

Bob Carlson called a meeting of the Finance Committee Committee of Great Oaks Charter School - Bridgeport to order on Wednesday Apr 9, 2025 at 5:04 PM.

C.

Approve Last Month's Meeting Minutes

David Zieff made a motion to approve the minutes from GOBPT March Finance Meeting on 03-12-25.
Bob Carlson seconded the motion.
The committee VOTED unanimously to approve the motion.

II. Administrative / Financial Overview

A.

Dashboard & Financial Overview

B. Chan, CFO, went over dashboard and forecast.

 

Updated forecast- D. Zieff asked where we will be 3 months from now. B. Chan reports that it all depends if we take into consideration depreciation. If you don't include it, we are about 332,440. 

 

Bills- L. Hubbard states we have the exact numbers but it is roughly around 40,000 between the elevator, HVAC, sprinkler system and a few additional items here and there we are close to 40,000. 

  • B. Carlson, Board Chair, recommended the school create a bill with what our numbers are due to the spike and send it to NuPower and try to get them to respond.

FCC's ERate Funding- Internet Service into the Building

We are at our last year of our 5 year plan, we have about 80,000 and we have to Pay 15% of it. They post bids for the internet. We need the license for the access points, we saw that the three year cost us the least amount. We will need a vote during our next meeting.

III. New Vendors

A.

New Vendors

Total Comm is considered a new vendor, this will be discussed in our board meeting.

IV. Additional Items

A.

ADP Review

We did a new quote from ADP. We are working with Dinsmore Steele and they were able to pull comps. Our healthcare cost did increase but even with the increase, the rates remained below average based on CT averages. Workers Comp portion of the contract was higher compared to other vendors and after we negotiated, ADP offered $10,000 discount from service cost in order to balance the cost out. 

 

This new contract begins June 1st, 2025.

B.

Additional Items

No new items.

V. 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 5:30 PM.

Respectfully Submitted,
Corey Sneed