Urban Montessori Charter School
Minutes
Finance Committee Meeting
Date and Time
Monday September 16, 2024 at 3:30 PM
Location
4551 Steele Street, Oakland, CA 94619. Ring the front bell or call/text 510-898-8396 for entry. Signage on campus will direct you to the correct room, generally the Head of School's Office.
The public may comment and participate via Zoom if they prefer. The public may also email comments to evans@urbanmontessori.org to be shared by the during the meeting. Please make that intention clear in your email.
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Meeting ID: 825 9285 5160; Passcode 510 842 1181
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Meeting ID: 825 9285 5160
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Members: Evan Sequoia (Chair), Ann Rhodes; Committee Alternates: Greg Klein
Urban Montessori Charter School welcomes your participation at Board meetings. The purpose of a public meeting of the Board of Directors (“Board”) is to conduct the affairs of the organization in public. Your participation assures us of continuing community interest in our school and assists the Board in making the best decisions for our school. To assist you in the ease of speaking/participating in our meetings, guidelines are provided at the bottom of this agenda. All materials for all board and committee meetings, including audio recordings of Regular Board Meetings, are available on our BoardOnTrack public portal and also through the UMCS School Calendar.
Committee Members Present
A. Rhodes (remote), E. Sequoia
Committee Members Absent
None
Guests Present
A. Wong (remote), D. Bissonnette, G. Klein, J. Kemp (remote)
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance
C.
Board member virtual participation due to illness
D.
Vote on Minutes from prior Finance Committee Meeting
No discussion or questions on the minutes.
| Roll Call | |
|---|---|
| E. Sequoia |
Aye
|
| A. Rhodes |
Aye
|
E.
Review of Action/Discussion Items
No changes were needed.
F.
Presentations from the Floor
There were no public comments on items not on the agenda.
II. Finance
A.
Discussion Item: Monthly Fiscal Report
Edtec provided the monthly report and all financial documents. These are viewable in the "Documents" link at the bottom of the meeting in BoardOnTrack. Adriene presented the Monthly Fiscal Report. Josh updated the committee on time sensitive forms to be completed by Edtec and staff. Cash flow remains strong through the end of the forecast. The current ending fund balance is project at approximately 30%.
There were no questions or public comments.
B.
Updates on School Policies and Required Documents
Not discussed.
There were no public comments on this item.
C.
New Business
No new items were collected for future discussion.
III. Contracts for Approval
A.
The Committee may discuss contracts larger than $25,000
There were no contracts larger than $25,000 that needed to be approved. There were no public comments on this item.
IV. Closed Session
A.
Closed Session Items
The committee did not go into closed session.
Ann requested to participate via Zoom because of an emergent illness and Evan approved. There were no adults over 18 with her.