Voices College-Bound Language Academies

Minutes

Finance Committee Meeting

Date and Time

Sunday June 13, 2021 at 8:30 AM

Instructions For Presentations To The Board By Parents and Citizens
PUBLIC COMMENTS OF PERSONS DESIRING TO ADDRESS THE BOARD
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At this time, members of the public may address the Board on any issue within the subject matter jurisdiction of the Board that is not listed on this agenda. Members of the public may also address the Board on an agenda item before or during the Board's consideration of the item. Submitted comments may be read into the record to the extent practicable based upon factors such as the length of the agenda and available time. Comments received within the window of the board meeting whether read or not, will be shared with the board and noted in the minutes.
Individual commenters are limited to a single comment per agenda item.
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Comments may be read in the order received and will be accepted up to the point each agenda item is heard, acted upon or when the Board President has completed the call for public comment on that agenda item.
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Comments should be limited to 400 words or less, and will need to be readable within the time allocated for each comment. These presentations are limited to no more than 15 minutes total and 3 minutes per person. A full comment may not be read if the length of time to read the comment exceeds the designated limit. No action can be taken on an item not on the agenda at this time but may be referred to the administration or put on a future agenda.
  1. When addressing the Board, speakers are requested to state their name and address and adhere to the limits set forth.
  2. Any public records relating to an agenda item for an open session of the Board which are distributed to all, or majority of all, of the Board members shall be available for public inspection at 6840 Via Del Oro, Suite #160. San Jose, CA 95119.
  3. REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY:  Pursuant to the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting may request assistance by contacting Lizzette Ramirez at (408)791-1609 Ex.1052
  4. All matters listed under the consent agenda are considered by the Board to be routine and will be approved/enacted by the Board in one motion in the form listed below. Unless specifically requested by a Board member for further discussion or removed from the agenda, there will be no discussion of these items prior to the Board votes on them. The executive director recommends approval of all consent items.
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  6. All time duration are estimates and may run shorter or

Committee Members Present

A. Miller (remote), I. Connell (remote)

Committee Members Absent

L. Mendez-Quezada

Guests Present

F. Teso (remote)

I. Opening Items

A.

Record Attendance and Guests

B.

Call the Meeting to Order

A. Miller called a meeting of the Finance Committee Committee of Voices College-Bound Language Academies to order on Sunday Jun 13, 2021 at 8:30 AM.

C.

Public Comment

No public comment

D.

Approve Order of Agenda

A. Miller made a motion to approve order of agenda.
I. Connell seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
A. Miller
Aye
L. Mendez-Quezada
Absent
I. Connell
Aye

II. Consent Item(s)

A.

Approve Meeting Minutes

A. Miller made a motion to approve the minutes from Finance Committee Meeting on 06-04-20.
I. Connell seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
I. Connell
Aye
L. Mendez-Quezada
Absent
A. Miller
Aye

III. Committee Business: Discussion/Action Items

A.

Financial Results 2020-21 Forecast

M. Buerger shared the forecasted financial results for 20-21 and answered committee member questions.

B.

Multi-year budget 2021-22 forward

D. Koren shared a draft of the multi-year budgets for all Voices entities and answered committee member questions.

C.

401k Investment Report Review

F. Teso discussed the annual 401K audit and answered questions.

D.

Transition to EdTec

M. Buerger and D. Koren shared how they are collaborating in preparation of the transition.

IV. Closing Items

A.

Adjourn Meeting

A. Miller made a motion to adjourn meeting.
I. Connell seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
I. Connell
Aye
A. Miller
Aye
L. Mendez-Quezada
Absent
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:30 AM.

Respectfully Submitted,
F. Teso