Veritas Preparatory Charter School
Minutes
Finance Committee Meeting
Date and Time
Thursday July 20, 2017 at 9:00 AM
Location
Veritas Prep Charter School 1st Floor Conference Room or Dial-In Number: 866-848-2216, Conference Code: 7783935205
Committee Members Present
D. Ford, L. Doherty, L. Goncalves, M. Landon, R. Romano, T. Gabinetti
Committee Members Absent
J. Crowell
Guests Present
G. Liquori
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
L. Doherty called a meeting of the Finance Committee of Veritas Preparatory Charter School to order on Thursday Jul 20, 2017 at 9:05 AM.
II. Finance
A.
Orientation for new members
Lisa began with the schedule of the committee meetings, deciding that the meetings will from now on be from 8:30 to 9:30/10 am the 3rd Thursday of each month, meetings time may be extended as needed.
B.
June Financials
Lynne Mills explained the breakdown of the schools financials and discussion revolved around how these can effect school operations.
Lynne requested that the committee discusses a capital budget and surplus plan at the August meeting.
Lynne requested that the committee discusses a capital budget and surplus plan at the August meeting.
III. Other Business
A.
Audit update
Lynne explained the time frame of the audit and what it will look like. The committee was informed on their role in the audit.
B.
Energy Source Proposal
Today's agenda was rearranged to begin with the Energy Source proposal. The Energy Source representative discussed the breakdown of the financials and operations process of the proposal. Questions were fielded from the committee members regarding the specifics of the upgrades as the conversation progressed.
Finance committee supports the execution of the contract from energy source as proposed.
Finance committee supports the execution of the contract from energy source as proposed.
C.
FY17 Goals
The committee reflected on the goals set for FY17 and progress made toward them.
Decision was made to discuss the possibility of including them for FY18 in a future meeting.
Decision was made to discuss the possibility of including them for FY18 in a future meeting.
IV. 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 10:41 AM.
Respectfully Submitted,
R. Romano