Pharos Academy Charter School

Minutes

Pharos Academy Charter School Finance Committee Meeting

Date and Time

Monday September 16, 2024 at 5:30 PM

Location

Committee Members Present

J. Lopez-Molina (remote), K. Shah (remote), P. Wesonga (remote)

Committee Members Absent

G. Garcia, R. Granado

Guests Present

C. Russell (remote), M. Dorsey (remote), S. Rasheed (remote)

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

K. Shah called a meeting of the Finance Committee of Pharos Academy Charter School to order on Monday Sep 16, 2024 at 5:30 PM.

C.

Approve Minutes

II. Other Business

A.

Items Over 50K

There are no items over 50K

III. Finance

A.

Monthly Financials

4th Sector Solution reviewed the monthly financials, including but not limited to Days Cash on Hand, debt to asset ratio, etc.  All metrics are on track and the school remains fiscally sound.

IV. Investment Accounts

A.

Investments

N/A for September

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 6:00 PM.

Respectfully Submitted,
C. Russell