MCCPS Board of Trustees
Minutes
FinCom Meeting - review monthly financial - November + December 2017
Date and Time
Tuesday January 23, 2018 at 7:45 AM
Location
17 Lime Street - Tree House
Committee Members Present
Jen Jewell, Jeremy Bumagin, Karl Smith, Peter Jalbert, William Sullivan
Committee Members Absent
Jeff Barry, Nina Cullen-Hamzeh, Rodolphe Herve
Committee Members who arrived after the meeting opened
Jeremy Bumagin
Guests Present
Martin Trice
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
Karl Smith called a meeting of the Finance Committee of MCCPS Board of Trustees to order on Tuesday Jan 23, 2018 at 7:50 AM.
C.
Review and Approve Minutes
Jen Jewell made a motion to approve minutes from the Finance Committee Meeting - Review Sept numbers and annual audit on 10-23-17 Finance Committee Meeting - Review Sept numbers and annual audit on 10-23-17.
Karl Smith seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| Jeremy Bumagin |
Absent
|
| Nina Cullen-Hamzeh |
Absent
|
| Peter Jalbert |
Absent
|
| William Sullivan |
Absent
|
| Jen Jewell |
Aye
|
| Karl Smith |
Aye
|
| Jeff Barry |
Absent
|
| Martin Trice |
Absent
|
| Rodolphe Herve |
Absent
|
D.
Review and approve minutes
II. Review November Financials
A.
Go through the November Financial Statements
Jeremy Bumagin arrived.
The November financials were reviewed in detail and Jeff Barry fielded various questions regarding the results and positions.
B.
Review December Financials
The group reviewed the financials and the following items were discussed:
Peter Jalbert suggested that alumni parents should be sent e-mails on a more regular basis.
The group was informed the Charter Fund committee met the previous Thursday - the committee is made up of John Sullivan, Amy Sullivan, and Steven MacCullum
Jen Jewell suggested that Bill Sullivan bring to the board an analysis by grade and what is anticipated for attrition / retention
The proposed FinCom goals were discussed in more detail.
Lastly a few follow-up questions were noted for the next meeting.
- In going through the income statement, a few questions were raised on the benefits line.
- The Direct student support line trend was also discussed.
- Bill Sullivan mentioned there were some drainage issues that required a wall to be re-built and some electrical and heat items were addressed in gym area.
- Some discussion ensued on the status of the roof and the potential for solar panels.
Peter Jalbert suggested that alumni parents should be sent e-mails on a more regular basis.
The group was informed the Charter Fund committee met the previous Thursday - the committee is made up of John Sullivan, Amy Sullivan, and Steven MacCullum
Jen Jewell suggested that Bill Sullivan bring to the board an analysis by grade and what is anticipated for attrition / retention
The proposed FinCom goals were discussed in more detail.
Lastly a few follow-up questions were noted for the next meeting.
III. Closing Items
A.
Adjourn Meeting
Jen Jewell made a motion to adjourn the meeting.
Karl Smith seconded the motion.
The motion did not carry.
| Roll Call | |
|---|---|
| Martin Trice |
Aye
|
| Jeff Barry |
Absent
|
| Nina Cullen-Hamzeh |
Absent
|
| Peter Jalbert |
Absent
|
| Karl Smith |
Aye
|
| Jeremy Bumagin |
Aye
|
| William Sullivan |
Aye
|
| Jen Jewell |
Aye
|
| Rodolphe Herve |
Absent
|
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:00 AM.
Respectfully Submitted,
Karl Smith