Veritas Preparatory Charter School

Finance Committee Meeting

Published on February 17, 2026 at 3:05 PM EST

Date and Time

Thursday February 19, 2026 at 4:00 PM EST

Location

Veritas Prep Charter School 1st Floor Conference Room or Dial-In Number: 866-848-2216, Conference Code: 7783935205, Leader Code: 2356

 

 

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Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 4:00 PM
  A. Record Attendance   1 m
  B. Call the Meeting to Order  
  C. Approve Minutes Approve Minutes Denise Ford 1 m
    Approve minutes for Finance Committee Meeting on January 15, 2026  
II. Finance 4:02 PM
  A. Teacher Compensation Update FYI Rachel Romano 20 m
   

Rachel will present an update on the teacher compensation initiative, including proposed salary structure changes, implementation timeline, and projected budget impact. The committee will review progress to date and discuss next steps related to financial sustainability and Board communication.

 
  B. Investment Strategy Review Discuss Rachel Romano 20 m
   

Rachel will lead a discussion about risk mitigation related to FDIC rules and our deposit accounts. Lynne has prepared a written recommendation for the Finance Committee to review, discuss, and potentially advance to the full Board for approval.

 
  C. Fiscal Policies and Procedures – Final Draft Review Discuss Lynne Goncalves 10 m
   

The committee will review the final draft of the updated Fiscal Policies and Procedures manual that were reviewed in depth by Denise, Rachel and Lynne. 

Attached are both a red-lined version to see the changes from the last Board approved version to the proposed update and a final draft version to be presented to the Board for approval.

The committee will discuss readiness for Board recommendation with a commitment to obtain final Board approval no later than April 2026.

 
  D. Monthly Financial Reports Discuss Lynne Goncalves 10 m
   

Lynne will present the monthly financial statements and provide an overview of the organization’s current fiscal position, including revenue, expenditures, and cash flow updates.

 
III. Other Business
IV. Closing Items
  A. Adjourn Meeting Vote