Libertas Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Thursday September 10, 2020 at 1:00 PM
Location
Zoom Meeting
https://us04web.zoom.us/j/5069946767?pwd=QXEvbzlHb0tYZWE4VHl6MCtrVFlGUT09
Meeting ID: 506 994 6767
Password: 12345
https://us04web.zoom.us/j/5069946767?pwd=QXEvbzlHb0tYZWE4VHl6MCtrVFlGUT09
Meeting ID: 506 994 6767
Password: 12345
Committee Members Present
A. Surrette (remote), H. Zavala (remote), J. Hernandez (remote), M. Montero (remote)
Committee Members Absent
None
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
A. Surrette called a meeting of the Finance Committee of Libertas Academy Charter School to order on Thursday Sep 10, 2020 at 1:05 PM.
C.
Approve Minutes
A. Surrette made a motion to approve the minutes from Finance Committee Meeting on 06-09-20.
H. Zavala seconded the motion.
The committee VOTED to approve the motion.
II. FY20 Audit Report
A.
Audit Report Finance Documents
III. Finance
A.
June FY20 Financials
A. Surrette made a motion to Approve.
H. Zavala seconded the motion.
The committee VOTED to approve the motion.
B.
FY21 July Financials
H. Zavala made a motion to Approve.
A. Surrette seconded the motion.
The committee VOTED to approve the motion.
C.
FY21 August Financials
H. Zavala made a motion to Approve.
A. Surrette seconded the motion.
The committee VOTED to approve the motion.
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 2:02 PM.
Respectfully Submitted,
A. Surrette
Modified Opinion Report reviewed.
- No changes / deficiencies to report.
SNP & P&L Review- Good performance ratios reflected
- Revenue mix show reasonable
- No major changes year over year in performance ratios
- Personnel cost to number of employees reflect LACS positive re-investment to instructional focused expenses.
Management Letter Review- No deficiencies
Board Letter Review