KIPP SoCal Public Schools
Finance Committee Meeting
Date and Time
Thursday May 23, 2024 at 11:00 AM PDT
Location
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 11:00 AM | |||
| A. | Record Attendance | Naeem Arastu | 2 m | ||
| B. | Call the Meeting to Order | Naeem Arastu | |||
| II. | Public Comment | 11:02 AM | |||
| 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 | 11:12 AM | |||
| A. | KIPP SoCal FY24 Q3 YTD Results | Discuss | Dennis Chao | 15 m | |
|
Management will provide an overview of the organization's financial results through the 3rd quarter. |
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| IV. | FY2024-25 Budget Preview | 11:27 AM | |||
| 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 May Revise proposal, enrollment progress, and other assumption impacting the budget. |
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| V. | Real Estate Financing | 12:02 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 upcoming refinance of a New Market Tax Credit loan and a possible refunding of our 2014 bonds series. |
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| VI. | Banking Update | 12:22 PM | |||
| A. | Update on Banking Transition | Discuss | Kyle Salyer | 5 m | |
|
Management will discuss the transition from First Republic Bank to PNC. |
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| VII. | Closing Items | 12:27 PM | |||
| A. | Adjourn Meeting | FYI | Naeem Arastu | 3 m | |