KIPP SoCal Public Schools
Finance Committee Meeting
Date and Time
Location
1933 S. Broadway, LA, CA, 90007
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 3:00 PM | |||
| A. | Record Attendance | EJ Kavounas | 2 m | ||
| B. | Call the Meeting to Order | EJ Kavounas | |||
| II. | Public Comment | 3:02 PM | |||
| A. | Public Comment: Agenda & Non-Agenda Items | Discuss | EJ Kavounas | 7 m | |
|
Members of the public are allows 2 minutes each for public comment |
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| III. | Financial Update | 3:09 PM | |||
| A. | KIPP SoCal FY23 YTD Results | Discuss | Dhaval Prajapati | 10 m | |
|
Management will provide an overview of the organization's financial results through the April 2023. |
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| IV. | FY2023-24 Budget | 3:19 PM | |||
| A. | FY2023-24 KIPP SoCal Public Schools Budget Preview | Discuss | Kyle Salyer | 30 m | |
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Management will present the proposed FY2023-24 budget, including an overview of the proposals from the Governor's May Revise budget proposal, enrollment projections, and other assumption impacting the budget. |
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| V. | Other Organizational Updates and Discussion | 3:49 PM | |||
| A. | KIPP Poder Public School Fiscal Stabilization Plan | Discuss | Kyle Salyer | 5 m | |
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Los Angeles County Office of Education (LACOE) has requested that KIPP Poder create a fiscal stabilization plan to demonstrate its ability to maintain a 3% reserve for economic uncertainty. The plan is required to be approved by the Board of Directors. |
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| B. | Banking Relationship Update | Discuss | Kyle Salyer | 5 m | |
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Management will provide an overview and recommendation for KIPP SoCal's future banking relationship |
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| C. | Fees for Special Projects | Discuss | Kyle Salyer | 10 m | |
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Management will provide an overview of its recommendation for charging fees to schools to cover the cost of managing special projects on behalf of schools. |
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| D. | Real Estate Financing | Discuss | Kyle Salyer | 5 m | |
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An update will be provided on our real estate financing, including a discussion on potential sources of financing for the real estate project to benefit KIPP Comienza Community Prep. |
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| E. | KIPP SoCal Forecast FY25 to FY27 | Discuss | Kyle Salyer | 15 m | |
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Management will lead a discussion on the forecast beyond the 2023-24 budget year and discuss key issues for the forecast. |
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| VI. | Closing Items | 4:29 PM | |||
| A. | Adjourn Meeting | FYI | EJ Kavounas | 1 m | |