KIPP SoCal Public Schools
Finance Committee Meeting
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 1:00 PM | |||
| A. | Record Attendance | Naeem Arastu | 2 m | ||
| B. | Call the Meeting to Order | Naeem Arastu | |||
| II. | Public Comment | 1:02 PM | |||
| A. | Public Comment: Agenda & Non-Agenda Items | Discuss | Naeem Arastu | 10 m | |
|
Members of the public are allowed 2 minutes each for public comment |
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| III. | KIPP SoCal Financial Review | 1:12 PM | |||
| A. | FY2024-25 KIPP SoCal Public Schools Budget Review | Discuss | Kyle Salyer | 30 m | |
|
Management will provide an overview of the FY2024-25 budget, including an update on enrollment assumptions and other key revenue and expense drivers impacting the budget. |
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| B. | Multi-Year Financial Forecast | Discuss | Kyle Salyer | 15 m | |
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Management will provide an overview of the consolidated 3-year forecast for KIPP SoCal Public Schools and KLARE Holdings, including a discussion of key assumptions underlying the forecast. |
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| C. | KIPP SoCal Risk Dashboard | Discuss | Kyle Salyer | 10 m | |
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Management will provide an overview of the updated risk dashboard. |
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| IV. | Real Estate | 2:07 PM | |||
| A. | Real Estate Financing Update and Discussion | Discuss | Kyle Salyer | 15 m | |
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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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| B. | KLARE Holdings Property Sale | Discuss | Kyle Salyer | 5 m | |
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Discuss options for the sale of property owned by KLARE Holdings |
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| V. | Closing Items | 2:27 PM | |||
| A. | Adjourn Meeting | FYI | Naeem Arastu | 3 m | |