KIPP SoCal Public Schools

Finance Committee Meeting

Date and Time

Wednesday December 6, 2023 at 2:00 PM PST



      Purpose Presenter Time
I. Opening Items 2:00 PM
  A. Record Attendance   Naeem Arastu 2 m
  B. Call the Meeting to Order   Naeem Arastu
II. Public Comment 2:02 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. Finance Committee Meeting Minutes Approval 2:12 PM
  A. Approve the Minutes from the September 18, 2023 Finance Committee Meeting Approve Minutes Kyle Salyer
  B. Approve the Minutes from the June 15, 2023 Finance Committee Meeting Approve Minutes Kyle Salyer
IV. Financial Update 2:12 PM
  A. KIPP SoCal FY24 Q1 YTD Results Discuss Dennis Chao 15 m

KIPP SoCal management will review the fiscal year 2023-24 Q1 financial results.

V. FY2023-24 Budget Revision 2:27 PM
  A. FY2022-23 KIPP SoCal Public Schools Budget Revision Vote Kyle Salyer 25 m

KIPP SoCal management will present the proposed budget revision for the 2023-24 fiscal year.  The finance committee will vote to recommend the adoption of the budget revision to the Board of Directors.

VI. KIPP SoCal Finance Committee Strategic Update 2:52 PM
  A. Real Estate Financing Update and Discussion Discuss Kyle Salyer 10 m

An update will be provided on our real estate financing, including an update on strategies for anticipated future financings. 

  B. Risk Management Dashboard Discuss Kyle Salyer 5 m

KIPP SoCal management will preview a draft risk management dashboard.

  C. Future Strategic Issues Discuss Kyle Salyer 15 m

KIPP SoCal management will discuss key strategic issues as we prepare for 2024-25, including the impact of the gradual spend down of ESSER and other state one-time revenue.

  D. Treasury Management Update Discuss Kyle Salyer 8 m

KIPP Socal management will provide an update on our transition to PNC for the management of our cash and investment reserves.

VII. Closing Items 3:30 PM
  A. Adjourn Meeting FYI Naeem Arastu