KIPP SoCal Public Schools
KIPP SoCal Finance Committee
Date and Time
Location
KIPP SoCal Public Schools
1933 South Broadway, Suite 1144, Los Angeles, CA 90007
Holthouse Carlin & Van Trigt LLP
11444 W. Olympic Blvd., 11th Floor, Los Angeles, CA 90064
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 1:00 PM | |||
| A. | Record Attendance | Naeem Arastu | 2 m | ||
| B. | Call the Meeting to Order | Naeem Arastu | |||
| II. | Public Comment | 1:02 PM | |||
| A. | Public Comment: Agenda & Non-Agenda Items | Discuss | Naeem Arastu | 10 m | |
|
Members of the public are allows 2 minutes each for public comment |
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| III. | Minutes | 1:12 PM | |||
| A. | Minutes from Finance Committee Meeting on September 15, 2025 | Approve Minutes | Naeem Arastu | 3 m | |
|
Approve the Minutes from the Finance Committee Meeting on September 15, 2025 |
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| IV. | Financial Update | 1:15 PM | |||
| A. | KIPP SoCal FY26 Q1 Results | Discuss | Kyle Salyer | 15 m | |
|
Management will provide an overview of the financial results through Q1 for Fiscal Year 2025-26. |
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| B. | First Interim Financial Reports | Vote | Kyle Salyer | 5 m | |
|
Review and approve the FY2025-26 KIPP SoCal Public Schools First Interim Financial Reports for KIPP Sol Academy, KIPP Compton Community School, and KIPP Adelante Preparatory Academy |
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| C. | KIPP SoCal FY2025-26 Budget Revision | Vote | Kyle Salyer | 25 m | |
|
Management will provide an overview of the proposed budget revision for FY2025-26 that revised the budget based on actual enrollment, updated State and Federal revenue rates, and revised expenditure assumptions |
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| V. | KIPP SoCal Finance Committee Strategic Update | 2:00 PM | |||
| A. | Refinancing Updates | Discuss | Kyle Salyer | 10 m | |
|
Management will provide an overview of the upcoming refinancing of the New Market Tax Credit loan for KIPP Adelante and the loan from Charter School Growth Fund for construction of KIPP Comienza's facility. |
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| B. | KLARE Corporate Structure Discussion | Discuss | Kyle Salyer | 15 m | |
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Management will provide an overview and recommendation to simplify the corporate structure of KLARE Holdings. |
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| C. | Other Strategic Issues | Discuss | Kyle Salyer | 5 m | |
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KIPP SoCal management will provide an update on other strategic issues and potential risks the organization is managing |
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| VI. | Closing Items | 2:30 PM | |||
| A. | Adjourn Meeting | FYI | Naeem Arastu | ||