Gabriella Charter Schools

Minutes

Finance Committee Meeting

Date and Time

Monday June 12, 2017 at 7:00 PM

Location

Gabriella Charter School: 1435 Logan Street, Los Angeles, CA 90025

Cindy Gauger attending remotely at: 925 14th Street, Santa Monica, CA 90403
Devy Schonfield attending remotely at: 575 S. Lake Avenue, Pasadena, CA 91101
Andrew Kin attending remotely at: 1735 Kelton Avenue, Los Angeles, CA 90024
Colin Allen attending remotely at: 3839 Brilliant Drive  Los Angeles, CA 90065
Paola Santana attending remotely at: 350 S. Bixel Street, Los Angeles, CA 90017
Ari Engelberg attending remotely at 3700 Coldwater Canyon, Studio City, CA 91604

Agenda was posted at designated locations before June 9, 2017, 6:00 pm.

Conference Call Line
1.       Call: 424.208.6000
2.       Option 8
3.       System will ask conference number: 14000
4.       System will ask for conference password: 1234


Subject to applicable law and to any adopted regulations limiting the total amount of time allocated for public testimony on particular issues and for each individual speaker, members of the public shall have an opportunity at the meeting to directly address the Board of Directors of the Corporation concerning any item in this notice before or during consideration of that item. Members of the public and all other interested parties are cordially invited to attend the meeting in person at the above-described location. Individuals wishing to speak at a Board meeting must
sign up at the meeting. There will be no sign ups in advance of the meeting. Speakers must sign up prior to the item being acted upon by the Board. Public attendees have the right to remain anonymous, to record meetings and to review materials. Should any member of the public require translation services or other accommodations to attend a Board meeting, please contact Malcolm Brown (213) 413-5741 or mbrown@gabri.org 24 hours in advance of the meeting.

Committee Members Present

Andrew Kin, Cindy Gauger

Committee Members Absent

Colin Allen, Devy Schonfeld, Liza Bercovici, Rhonda Baldenegro

Guests Present

Ari Engelberg

I. Opening Items

A.

Record Attendance and Guests

B.

Call the Meeting to Order

Cindy Gauger called a meeting of the Finance Committee of Gabriella Charter Schools to order on Monday Jun 12, 2017 at 7:06 PM.

C.

Public Comment

No public comment.

D.

Approve Minutes of April 18, 2017 Finance Committee Meeeting

Cindy Gauger made a motion to approve minutes from the Finance Committee Meeting on 04-18-17 Finance Committee Meeting on 04-18-17.
Andrew Kin seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Cindy Gauger
Aye
Ari Engelberg
Aye
Andrew Kin
Aye

II. Finance

A.

Review, recommend approval of April, 2017 financials

Ari Engelberg made a motion to Approve April 2017 financials.
Cindy Gauger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Andrew Kin
Aye
Cindy Gauger
Aye
Ari Engelberg
Aye

B.

Review, Recommend Approval of April, 2017 check registers

Andrew Kin made a motion to Approve April 2017 check registers.
Cindy Gauger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Andrew Kin
Aye
Cindy Gauger
Aye
Ari Engelberg
Aye

C.

Review, recommend approval of GCS 1 and 2 budgets for 17-18

Andrew Kin made a motion to approve GCS 1 & 2 2017-18 budgets.
Cindy Gauger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Ari Engelberg
Aye
Andrew Kin
Aye
Cindy Gauger
Aye

D.

Review Draft of 17-18 LCAP for GCS 1 and 2

E.

Review, recommend approval of contracts in excess of $50k/annually for 17-18

F.

Approve renewal of Pacific Western Bank loan

Ari Engelberg made a motion to approve to Board in June for approval of loan with Pacific Western Bank. Staff will include language for approval authority.
Cindy Gauger seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Andrew Kin
Aye
Cindy Gauger
Aye
Ari Engelberg
Aye

G.

Approve Revised Fiscal Policies Handbook

Ari Engelberg made a motion to approve revised fiscal policy.
Andrew Kin seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Ari Engelberg
Aye
Andrew Kin
Aye
Cindy Gauger
Aye

III. Closing Items

A.

Adjourn Meeting

Cindy Gauger made a motion to adjourn the meeting.
Ari Engelberg seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Cindy Gauger
Aye
Ari Engelberg
Aye
Andrew Kin
Aye
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 8:20 PM.

Respectfully Submitted,
Cindy Gauger