Pioneer Valley Performing Arts Charter Public School
Minutes
Finance Committee Meeting
Date and Time
Tuesday December 5, 2023 at 6:00 PM
Location
PVPA Charter Public School
15 Mulligan Drive
Room 304
South Hadley, Ma 01075
(Unless otherwise posted)
Committee Members Present
James Montemayor (remote), Keith Black (remote), Sasha Viands (remote)
Committee Members Absent
Neil Hede
Guests Present
Brent Nielsen, Marcy Conner (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
Marcy Conner called a meeting of the Finance Committee of Pioneer Valley Performing Arts Charter Public School to order on Tuesday Dec 5, 2023 at 6:06 PM.
C.
Approve Minutes
Keith Black made a motion to approve the minutes from Finance Committee Meeting on 11-07-23.
Sasha Viands seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| James Montemayor |
Aye
|
| Keith Black |
Aye
|
| Neil Hede |
Absent
|
| Sasha Viands |
Aye
|
II. Finance
A.
ESSER Funds & FY25 Tuition Projection
B.
Capital Budget Request
Keith Black made a motion to accept the increase of $19,700 in the capital budget for the main entrance project.
Sasha Viands seconded the motion.
The bid was sent out for the main entrance project and there were a couple of bid submissions. Overall the cost of the project exceeds the $37,300 received in grant funds and the $17,000 in the FY24 capital budget.
| Roll Call | |
|---|---|
| Neil Hede |
Absent
|
| Sasha Viands |
Aye
|
| James Montemayor |
Aye
|
| Keith Black |
Aye
|
III. 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 6:37 PM.
Respectfully Submitted,
Marcy Conner
Documents used during the meeting
- Edunomics - MA Overview.png
- Edunomics Profile - Holyoke.pdf
- PVPA Sending District ESSER Data 11-29-23.pdf
- PVPA FY24 vs FY25 Tuition Projection 11-30-23.pdf
- Capital Budget - Request 12-1-23.pdf
Information from the Edunomics Lab, a project funded by Georgetown University, over the effects of the disappearance of ESSER funding in Massachusetts was given. Key takeaways:
A snapshot of the data from Holyoke Public Schools was reviewed as well as the remaining ESSER balances of the PVPA FY23 sending districts. ESSER funding must b spent by September 2024. The current amount to be spent is $202,444,155. The five sending districts with the highest enrollment are the ones to watch in terms of a significant shift in above foundation funding: Amherst Pelham, Chicopee, Northampton, South Hadley and Westfield.
A projection displaying the effect of a 4% decrease in above foundation funding using FY24 demographics was reviewed. This is not an accurate portrayal as many of the demographics ie. enrollment, sending district and enrollment numbers but an example of what a 4% decrease might mean for PVPA. Overall an approximate decrease in funding totaling $50,000 could be on the horizon for the FY25 tuition budget. Enrollment is stable with a satisfactory wait list with no supplemental lotteries scheduled. Application window for the 2024-2025 school year is now open with the lottery in early February 2024.