KIPP SoCal Public Schools
Finance Committee Meeting
Date and Time
Location
1933 S. Broadway St., Suite 1144, Los Angeles, CA 90007
https://kippsocal.zoom.us/j/84665938499?pwd=YzhWRTI1dU9vaVk4VjJMc25zcUJXQT09
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. | Financial Update | 2:12 PM | |||
| A. | KIPP SoCal FY24 Q2 YTD Results | Discuss | Dennis Chao | 15 m | |
|
Management will provide an overview of the organization's financial results through the 2nd quarter. |
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| IV. | FY2024-25 Budget Preview | 2:27 PM | |||
| A. | FY2024-25 KIPP SoCal Public Schools Budget Preview | Discuss | Kyle Salyer | 35 m | |
|
Management will provide a preview of the FY2024-25 budget, including an overview of the proposals from the Governor's January budget proposal, enrollment projections, and other assumption impacting the budget. |
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| V. | Real Estate Financing | 3:02 PM | |||
| A. | Real Estate Financing Update and Discussion | Discuss | Kyle Salyer | 20 m | |
|
An update will be provided on our real estate financing, including a discussion of the 2020 bond proceeds repurposing and a discussion on potential sources of financing for the real estate project to benefit KIPP Comienza Community Prep. |
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| VI. | Banking Update | 3:22 PM | |||
| A. | Update on Banking Transition | Discuss | Kyle Salyer | 5 m | |
|
Management will discuss the transition from First Republic Bank to PNC and discuss the consideration of opening a back-up operating account at another bank. |
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| VII. | Closing Items | 3:27 PM | |||
| A. | Adjourn Meeting | FYI | Naeem Arastu | 3 m | |