Final

KIPP SoCal Public Schools

KIPP SoCal Public Schools Finance Committee Meeting

Date and Time

Friday March 13, 2026 at 1:00 PM PDT

Location

KIPP SoCal Public Schools

1933 South Broadway, Suite 1144, Los Angeles, CA 90007

Agenda

Section Number Topic Number Details 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

  
III. Consent Agenda 1:12 PM
  A. Approve Minutes from the December 5, 2025 Finance Committee Meeting Approve Minutes Naeem Arastu 1 m
   

Approve the Minutes documenting the discussion and action taken at the Finance Committee Meeting held on December 5, 2025.

  
     
  B. Second Interim Financial Reports Vote Naeem Arastu 2 m
   

Review and approve the FY2025-26 Second Interim Financial Reports for KIPP Sol Academy, KIPP Compton Community School, and KIPP Adelante Preparatory Academy.

  
  C. Authorization to Obtain Revolving Credit Line with Ramp Vote Naeem Arastu 2 m
   

KIPP SoCal Public Schools is migrating its spend management platform from Concur to Ramp.  Ramp offers a comprehensive platform that covers procurement, accounts payable, expense reimbursements and corporate credit cards.  A distinguishing feature of Ramp is that it integrates its own credit card product into the spend management platform.  As a result, KIPP SoCal will be closing its credit cards issued by PNC and transitioning all credit cards to those issued by Ramp.

 

KIPP SoCal will be applying for credit through Ramp to facilitate the transition and management is seeking approval to apply for and obtain a revolving line of credit to support the Ramp issued credit cards.  The credit line is not expected to exceed $500,000.

  
IV. Financial Update 1:17 PM
  A. KIPP SoCal FY26 YTD Results Discuss Dennis Chao 20 m
   

Management will provide an overview of the financial results through January for Fiscal Year 2025-26.

  
V. FY2026-27 Budget 1:37 PM
  A. FY2026-27 Budget Preview Discuss Dennis Chao 35 m
   

Management will give a preview of the FY2026-27 budgeting process

  
VI. KIPP SoCal Finance Committee Strategic Updates 2:12 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.

  
  B. Other Key Updates Discuss Kyle Salyer 8 m
   

Management will provide an update on the spend management system selection and an update on the ongoing KLARE corporate formation restructuring.

  
VII. Closing Items 2:30 PM
  A. Adjourn Meeting FYI Naeem Arastu