Libertas Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Tuesday June 17, 2025 at 5:30 PM
Committee Members Present
A. Langone (remote), C. Marie (remote), M. Montero (remote), P. Kkayego (remote), S. Lapolice (remote)
Committee Members Absent
J. Gunther
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
P. Kkayego called a meeting of the Finance Committee of Libertas Academy Charter School to order on Tuesday Jun 17, 2025 at 5:35 PM.
C.
Approve Minutes
S. Lapolice made a motion to approve the minutes from month of May Finance Committee Meeting on 09-17-24.
P. Kkayego seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| J. Gunther |
Absent
|
| M. Montero |
Aye
|
| P. Kkayego |
Aye
|
| S. Lapolice |
Aye
|
| C. Marie |
Aye
|
| A. Langone |
Aye
|
II. Finance
A.
Financial statements
III. Closing Items
A.
Adjourn Meeting
Solid session, finances are in control.
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 6:30 PM.
Respectfully Submitted,
S. Lapolice
Reviewed financial statements - Discussed usage of credit line/liability to cover some expenses that needed to be covered; however this will be covered by funds from CD expected to soon mature.
While the cash position reflects a surplus, from a reporting perspective and due to the fact that assets and liabilities are based on 2 different schedules, the reporting approach taking into consideration the lease depreciation is currently reflecting a deficit...however this is not a concern and management has it all under control.