AIMS K-12 College Prep Charter District
Minutes
Finance Committee Meeting
Date and Time
Thursday January 10, 2019 at 6:00 PM
Location
171 12th Street Oakland Ca, 94607
AIMS does not discriminate on the basis of disability in the admission or access to, or treatment or employment in, its programs or activities. Marisol Magana has been designated to receive requests for disability-related modifications or accommodations in order to enable individuals with disabilities to participate in open and public meetings at AIMS. Please notify Marisol Magana at (510) 220-9985 at least 24 hours in advance of any disability accommodations being needed in order to participate in the meeting.
Committee Members Present
C. Edington, C. Thompson, K. Ballentine, M. Woods-Cadiz
Committee Members Absent
None
Guests Present
M. Taylor, Tiffany Tung
I. Opening Items
A.
Call the Meeting to Order
C. Edington called a meeting of the Finance Committee of AIMS K-12 College Prep Charter District to order on Thursday Jan 10, 2019 at 6:00 PM.
B.
Record Attendance and Guests
Staff members present
C.
Approve prior Committee Meeting Minutes
C. Thompson made a motion to approve minutes from the Finance Committee Meeting on 12-03-18 Finance Committee Meeting on 12-03-18.
M. Woods-Cadiz seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| C. Thompson |
Aye
|
| K. Ballentine |
Aye
|
| C. Edington |
Aye
|
| M. Woods-Cadiz |
Aye
|
D.
Public Comment on Non-Action Items
No comments submitted
E.
Public Comment on Action Items
No comments submitted
II. Non-Action Items
A.
Nob Hill Contract Negotiations
The Nob Hill Contract was reviewed to ensure that AIMS is was properly protected. The indemnification clause was reviewed to ensure AIMS has minimal risk from legal actions regarding the food program.
B.
Monthly Financial Update
A financial update was provided for the month of November. See pages 13-32 for details.
C. Thompson stepped out at 6:48 PM.
C.Thompson returned at 6:50 PM.
C.
AIPCS Mortgage Update
The Finance Committee was notified the interest rate on the mortgage for 171 12th Street increased 0.25%.
III. Action Items
A.
Discussion Regarding Credit Card Use
The Finance Committee requested additional language to be added to the Fiscal and Operational Policy before it can be finalized and approved.
This item is to be added to the next Finance Committee Agenda, after additional language is added.
IV. Closed Session
A.
Public Comment on Closed Session Items
No comments submitted.
B.
Recess to Closed Session
Recess to Closed Session at 7:31 PM.
C.
Reconvene from Closed Session
Reconvened from Closed Session at 8:26 PM.
D.
Report from Closed Session
The Finance Committee has nothing to report.
V. Closing Items
A.
Items For Next Agenda
- Financial Impact of Flooding Incident
- Discussion regarding Credit Card Use
- Discussion regarding Credit Card Use
B.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 8:28 PM.
Respectfully Submitted,
M. Taylor