KIPP SoCal Public Schools
Minutes
KIPP SoCal Finance Committee Meeting
Date and Time
Friday May 6, 2022 at 1:00 PM
Committee Members Present
C. Bermudez (remote), D. Chao (remote), J. Miller (remote), K. Salyer (remote), N. Maldonado (remote)
Committee Members Absent
E. Kavounas
Guests Present
A. Martinez (remote), B. Espinoza (remote), D. Prajapati (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
K. Salyer called a meeting of the Finance Committee of KIPP SoCal Public Schools to order on Friday May 6, 2022 at 1:03 PM.
II. Minutes
A.
Minutes from Finance Committee Meeting on March 1, 2022
J. Miller made a motion to approve the minutes from KIPP SoCal Finance Committee Meeting on 03-01-22.
C. Bermudez seconded the motion.
The committee VOTED unanimously to approve the motion.
III. Financial Update
A.
KIPP SoCal FY22 YTD Results
IV. KIPP SoCal FY22-23 Budget
A.
KIPP SoCal FY22-23 Budget Preview
D. Chao and K. Salyer presented a preview of the FY2022-23 budget.
V. Real Estate Financing
A.
Real Estate Financing Updates
K. Salyer provided updates on current market rates and the subsequent challenges to our real estate financing and facilities funding.
VI. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 1:52 PM.
Respectfully Submitted,
K. Salyer
D. Prajapati presented KIPP SoCal Public Schools FY2022 YTD financial results.