Libertas Academy Charter School
Minutes
Finance Committee Meeting
Date and Time
Tuesday October 15, 2024 at 5:30 PM
Committee Members Present
A. Langone (remote), J. Gunther (remote), M. Montero (remote), P. Kkayego (remote), S. Lapolice (remote)
Committee Members Absent
C. Marie
Guests Present
Melissa (remote)
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 Oct 15, 2024 at 5:30 PM.
C.
Approve Minutes
II. Executive Director updates
A.
Reviewed points
- Development of project
- Amazing academic results of LA
- Financial expenses on track
- No concerns with budget
III. Finance
A.
Financial statements
J. Gunther made a motion to Approve the September financial presentation.
S. Lapolice seconded the motion.
The committee VOTED to approve the motion.
IV. Other Business: Discussion on FY 24 audit
A.
2024 Audit Results Review
Auditor: Daniel Dennis
3 reports
- Independent audit report
- Governance standard report
- Uniform guidance of federal funding report
Opinion: Unmodified opinion - Clean audit
No issues of internal control, SOD or compliance
Based on financial ratios Libertas is in a strong financial position and generated a surplus
V. 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 6:20 PM.
Respectfully Submitted,
P. Kkayego
Approved the Month of September