KIPP Memphis Public Schools
Minutes
Finance Committee Meeting
Date and Time
Wednesday September 2, 2020 at 3:00 PM
Location
Virtual - Zoom Meeting
Committee Members Present
A. Silverman (remote), C. Owens (remote), H. Coleman (remote), J. Alford (remote), K. Curtis (remote), K. Ferguson (remote), R. Gibbs (remote), S. Meeks (remote), T. Green (remote)
Committee Members Absent
None
Guests Present
C. Stewart (remote), J. Ward-Gill (remote), K. Morrison-Reed (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
T. Green made a motion to approve August 4, 2020 Minutes.
S. Meeks seconded the motion.
No Discussion
The committee VOTED unanimously to approve the motion.
II. Finance Update and Overview
A.
The committee reviewed the Finance Committee Responsibilities, Goals & Strategies.
B.
Other Items discussed by the Finance Committee
- SCS Facilities Update
- PPP Loan Forgiveness Update
- Viability Task Force Update
- Investment Strategies
- S. Meeks: We have adopted the investment policy statement. It has been signed and executed.
III. 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 4:17 PM.
Respectfully Submitted,
J. Ward-Gill
- 2020-21 Enrollment Update
Financial Reports as of July 31, 2020- Cash Analysis
- Budget vs Actual
- KTC Report
- SST Report
The committee discussed various suggestions for changes and updates to the draft document on Responsibilities, Goals & Strategies for the Finance Committee. K. Curtis and C. Stewart will have weekly meetings to discuss and review the various financial issues.