Veritas Preparatory Charter School
Finance Committee Meeting
Date and Time
Location
Veritas Prep Charter School 1st Floor Conference Room or Dial-In Number: 866-848-2216, Conference Code: 7783935205, Leader Code: 2356
ID: 82384629673
Passcode: 966439
Passcode: 966439
Agenda
| 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. |
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| 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. |
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| 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. |
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| D. | Monthly Financial Reports | Discuss | Lynne Goncalves | 10 m | |
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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. |
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| III. | Other Business | ||||
| IV. | Closing Items | ||||
| A. | Adjourn Meeting | Vote | |||