KIPP SoCal Public Schools
Finance Committee Meeting
Date and Time
Location
- 1933 S. Broadway, STE 1144, Los Angeles, CA, 90007
- 2000 Avenue of the Stars, STE 810N, Los Angeles, CA 90067
- https://kippsocal.zoom.us/j/82579505757?pwd=VE9sQlpRa0FKaVRiYUQ2MndkaDU1Zz09
- 825 7950 5757
Agenda
| 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 |
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| 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. |
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| V. | FY2023-24 Budget Revision | 2:27 PM | |||
| A. | FY2022-23 KIPP SoCal Public Schools Budget Revision | Vote | Kyle Salyer | 25 m | |
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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. |
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| VI. | KIPP SoCal Finance Committee Strategic Update | 2:52 PM | |||
| A. | Real Estate Financing Update and Discussion | Discuss | Kyle Salyer | 10 m | |
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An update will be provided on our real estate financing, including an update on strategies for anticipated future financings. |
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| B. | Risk Management Dashboard | Discuss | Kyle Salyer | 5 m | |
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KIPP SoCal management will preview a draft risk management dashboard. |
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| C. | Future Strategic Issues | Discuss | Kyle Salyer | 15 m | |
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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. |
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| D. | Treasury Management Update | Discuss | Kyle Salyer | 8 m | |
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KIPP Socal management will provide an update on our transition to PNC for the management of our cash and investment reserves. |
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| VII. | Closing Items | 3:30 PM | |||
| A. | Adjourn Meeting | FYI | Naeem Arastu | ||