Navigator Schools
Minutes
Finance Committee Meeting
Date and Time
Monday December 11, 2023 at 3:00 PM
Location
Caprice Young is inviting you to a scheduled Zoom meeting.
Topic: Finance Committee Meeting
Time: Dec 11, 2023 03:00 PM Pacific Time (US and Canada)
Join Zoom Meeting
https://navigatorschools.zoom.us/j/97545970637?pwd=L254SE5vUXFzNVJBZHdHMVI5bGIwZz09
Meeting ID: 975 4597 0637
Passcode: 445473
---
One tap mobile
+13052241968,,97545970637#,,,,*445473# US
+13092053325,,97545970637#,,,,*445473# US
---
Dial by your location
• +1 305 224 1968 US
• +1 309 205 3325 US
• +1 312 626 6799 US (Chicago)
• +1 646 876 9923 US (New York)
• +1 646 931 3860 US
• +1 301 715 8592 US (Washington DC)
• +1 564 217 2000 US
• +1 669 444 9171 US
• +1 669 900 6833 US (San Jose)
• +1 689 278 1000 US
• +1 719 359 4580 US
• +1 253 205 0468 US
• +1 253 215 8782 US (Tacoma)
• +1 346 248 7799 US (Houston)
• +1 360 209 5623 US
• +1 386 347 5053 US
• +1 507 473 4847 US
Meeting ID: 975 4597 0637
Passcode: 445473
Find your local number: https://navigatorschools.zoom.us/u/aAedJEGiT
This meeting will be held in compliance with the Brown Act.
Individuals in need of a disability-related accommodation, modification, or auxiliary aid/service, should direct requests to Tom Peraic, General Counsel, at tom.peraic@navigatorschools.org
Committee Members Present
Ian Connell (remote), Jaime Quiroga (remote)
Committee Members Absent
JP Anderson
Guests Present
Ami Ortiz (remote), Caprice Young (remote), Christopher Copus (remote), Lili Huang (remote), Noël Russell-Unterburger (remote), Tom Peraic (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
C.
Public Comments
D.
Approve Minutes from Previous Meeting
| Roll Call | |
|---|---|
| Ian Connell |
Aye
|
| JP Anderson |
Absent
|
| Jaime Quiroga |
Aye
|
II. Business and Finance
A.
Opening Remarks
Noël Russell-Unterburger expressed appreciation to the Board Members Ian Connell and Jaime Quiroga for their attendance.
B.
22-23 Draft Audited Financial Reports
Noël Russell-Unterburger led the discussion of the draft audited financial reports. As of 12/01/23 Navigator has a net income positive. We have hired additional staff and there has been alignment between SGI wages and fair market value to reduce attrition and improve hiring success. Guest Lili Huang led a discussion concerning audit issues and updates. Extension is in place until 03/31/24 and will be discussed further at an upcoming Board meeting.
C.
YTD Actuals through October October 31, 2023
Noël Russell-Unterburger led the discussion and shared this data with the committee.
D.
Investment Policy Implementation
Noël Russell-Unterburger led the discussion and shared that we have a good investment policy but we need to create an Investment Committee. Goals are short term investment strategies and investment grade bonds.
E.
Cash Flow forecasting without Elementary and Secondary School Emergency Relief (ESSER) Fund
Noël Russell-Unterburger led the discussion. She shared specifically around ESSR that she is identifying additional expenditures and identifying funding streams. ESSR 09/24.
There were no public comments.