KIPP SoCal Public Schools
KIPP SoCal Finance Committee Meeting
Date and Time
Monday November 29, 2021 at 2:00 PM PST
Location
Agenda
| I. | Opening Items | |
| A. | Record Attendance | |
| B. | Call the Meeting to Order | |
| II. | Public Comment | |
| A. | Public Comment: Agenda & Non-Agenda Items | |
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Members of the public are allows 2 minutes each for public comment
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| III. | Minutes | |
| A. | Minutes from Finance Committee Meeting on September 8, 2021 | |
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Approve the Minutes from the Finance Committee Meeting on September 8, 2021
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| IV. | Financial Update | |
| A. | KIPP SoCal FY22 YTD Results | |
| V. | FY2021-22 Budget Revision | |
| A. | FY2021-22 KIPP SoCal Public Schools Budget Revision | |
| VI. | Real Estate Financing | |
| A. | Equitable Facilities Fund Loan | |
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The Equitable Facilities Fund (EFF) has provided a term sheet to KIPP SoCal Public Schools and KLARE Holdings for a loan up to $15,000,000 to finance the construction of the new facility for KIPP Comienza Community Prep. Discuss and approve the term sheet.
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| B. | Endeavor New Market Tax Credit Covenant Compliance | |
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Update on FY21 covenant compliance for 1241-1263 South Soto, LLC on its new market tax credit loan.
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| VII. | Closing Items | |
| A. | Adjourn Meeting | |