KIPP SoCal Public Schools
KIPP SoCal Public Schools Finance Committee Meeting
Date and Time
Location
1933 S. Broadway, STE #1144, Los Angeles, CA, 90007
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 | |
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Members of the public are allows 2 minutes each for public comment |
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| III. | Minutes | 11:12 AM | |||
| A. | Minutes from Finance Committee Meeting on June 5, 2024 | Approve Minutes | Naeem Arastu | 3 m | |
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Approve the Minutes from the Finance Committee Meeting on June 5, 2024 |
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| B. | Minutes from Finance Committee Meeting on May 23, 2024 | Approve Minutes | Naeem Arastu | ||
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Approve the Minutes from the Finance Committee Meeting on May 23, 2024 |
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| C. | Minutes from the Finance Committee Meeting on March 6, 2024 | Approve Minutes | Naeem Arastu | ||
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Approve the Minutes from the Finance Committee Meeting on March 6, 2024 |
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| D. | Minutes from the Finance Committee Meeting on December 6, 2023 | Approve Minutes | Naeem Arastu | ||
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Approve the Minutes from the Finance Committee Meeting on December 6, 2023 |
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| IV. | Financial Update | 11:15 AM | |||
| A. | KIPP SoCal FY25 YTD Results | Discuss | Dennis Chao | 20 m | |
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Management will provide an overview of the financial results through Q1 for Fiscal Year 2024-25. |
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| B. | KIPP SoCal FY2024-25 Budget Revision | Vote | Kyle Salyer | 30 m | |
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Management will provide an overview of the proposed budget revision for FY2024-25 that revised the budget based on actual enrollment, updated State and Federal revenue rates, and revised expenditure assumptions |
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| V. | KIPP SoCal Finance Committee Strategic Update | 12:05 PM | |||
| A. | Refinancing Updates | Discuss | Kyle Salyer | 10 m | |
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Management will provide an overview of the upcoming refinancing of the New Market Tax Credit loan for KIPP Endeavor's facility and a refinancing of the KIPP SoCal 2014 bonds. |
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| B. | Real Estate Update | Discuss | Kyle Salyer | 10 m | |
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Management will provide an update on KLARE Holdings' sale of property, potential acquisition of property, and project updates. |
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| C. | Other Strategic Issues | Discuss | Kyle Salyer | 5 m | |
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KIPP SoCal management will provide an update on other strategic issues and potential risks the organization is managing |
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| VI. | Closing Items | 12:30 PM | |||
| A. | Adjourn Meeting | FYI | Naeem Arastu | ||