Pharos Academy Charter School
Minutes
Pharos Academy Charter School Finance Committee Meeting
Date and Time
Monday December 16, 2024 at 5:30 PM
Location
Committee Members Present
G. Garcia (remote), K. Shah (remote), P. Wesonga (remote)
Committee Members Absent
J. Lopez-Molina
Guests Present
C. Russell (remote), M. Dorsey (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 Dec 16, 2024 at 5:32 AM.
C.
Approve Minutes
K. Shah made a motion to approve the minutes from Pharos Academy Charter School Finance Committee Meeting on 11-18-24.
P. Wesonga seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Other Business
A.
Items Over 50K
III. Enrollment Update
A.
Enrollment Update
Enrollment is at 691 for 24 - 25. All efforts are in place for 25 - 26 recruitment.
IV. Finance
A.
Monthly Financials
All metrics are strong including Days Cash on Hand.
We have spent 3.8 million against a budget of 10.3 million in salaries and benefits.
There is a surplus anticipated for the school year - the amount is approximately 36K.
V. Investment Accounts
A.
Investments
N/A for this month.
VI. 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 5:43 PM.
Respectfully Submitted,
C. Russell
N/A for December.