KIPP Memphis Public Schools
Minutes
Finance Committee Meeting
Date and Time
Wednesday February 2, 2022 at 3:00 PM
Location
Virtual Zoom
Committee Members Present
H. Coleman (remote), L. Sweet (remote), R. Gibbs (remote), S. Meeks (remote)
Committee Members Absent
None
Guests Present
A. Burt (remote), A. Carr (remote), C. Owens (remote), C. Stewart (remote), J. Alford (remote), J. Ward-Gill (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
H. Coleman made a motion to approve the minutes from Finance Committee Meeting on 11-18-21.
R. Gibbs seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Finance Update and Presentation
A.
December 2021 Financial Statements
- Overview of the December 2021 Financial Statements.
- Enrollment
- Capital Allocation
- 2021-2022 KIPP Memphis Adjusted Budget vs. Actual
- All Schools | KIPP Forward | SST | KMPS Consolidated
- Overview of Annual Cash Projection
- Overview of the FY22 ESSER Spend
- Overview of the 2020-2021 External Audit
- Reviewed the 2022-2023 Budget/Calendar
III. Committee Questions
A.
Finance Committee question.
- Finance Committee reviewed the presentation presented and discussed.
IV. CEO Comments
A.
CEO - Dr. Burt
- Dr. Burt gave an overview of the Finance presentation.
V. Finance Chairperson Comments
A.
Finance Chair - Dr. Sweet
- Dr. Sweet thanked the KIPP Team for the presentation.
- Dr. Sweet asked the Finance Committee to move into Executive Session.
VI. 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 3:36 PM.
Respectfully Submitted,
J. Ward-Gill