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Pharos Academy Charter School

Pharos Academy Charter School Finance Committee Meeting

Date and Time

Monday March 17, 2025 at 5:30 PM EDT

Location

https://bronxlighthouse.zoom.us/j/5239033349

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 5:30 PM
  A. Record Attendance   Maria Dorsey 1 m
  B. Call the Meeting to Order   Keyur Shah 1 m
  C. Approve Minutes Approve Minutes Keyur Shah 1 m
   
  • Approve previous month's minutes
  
II. Other Business 5:33 PM
  A. Items Over 50K Discuss Courtney Russell 5 m
   
  • Cafeteria tables (1005 Intervale)
    • Capitalized expense - (more than 5K, use more than 1 year, can combine multiple items)
      • On balance sheet as asset, not on annual Profit and Loss
      • Amortize cost over X number of years
      • Expense for current fiscal year will only be a percentage
  
  B. Insurance SY25 - 26 Discuss Courtney Russell 5 m
   
  • Insurance SY25 - 26 
  
III. Enrollment Update 5:43 PM
  A. Enrollment Update Discuss Courtney Russell 5 m
   
  • Enrollment update 
  
IV. Finance 5:48 PM
  A. Monthly Financials Discuss Shahzada Rasheed 10 m
V. Investment Accounts 5:58 PM
  A. Investments FYI Shahzada Rasheed
   

 

  • Investment Update
    • Next update April 2025
  
VI. Closing Items 5:58 PM
  A. Adjourn Meeting FYI Keyur Shah 1 m