MCCPS Board of Trustees
Minutes
Finance Committee Monthly Meeting
Date and Time
Friday April 28, 2023 at 11:00 AM
Location
At school - 17 Lime Street, Marblehead, MA 01945
For Remote Participants - Quorum must be present in person
Join Zoom Meeting
https://zoom.us/j/99625637131?pwd=cWdFODd1b2FvZ3dEOXVtbDZhNHRJUT09
Meeting ID: 996 2563 7131
Passcode: MCCPSfinco
Please note that the in-person meeting will not be suspended or terminated if technological problems interrupt the remote connection.
Committee Members Present
Jeff Barry, Julie Santosus, Molly Teets, Rodolphe Herve, Stephanie Brant, Tim Wadlow
Committee Members Absent
Karl Smith
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
| Roll Call | |
|---|---|
| Julie Santosus |
Aye
|
| Tim Wadlow |
Aye
|
| Rodolphe Herve |
Aye
|
| Stephanie Brant |
Abstain
|
| Karl Smith |
Absent
|
| Molly Teets |
Abstain
|
| Jeff Barry |
Aye
|
II. Financial Statements Discussion
A.
Committee review of Previous Month's Financial Statements
B.
Discussion on 2023/2024 Budget
There was a discussion on the impact of the Head of School departure on potential enrollment and the need for the Board to communicate a way forward in terms of succession and recruitment. This information is to be communicated at the next Board meeting.
III. Other Business
A.
Finance Committee members should agree date of next meeting
We did not cover this and a date will be agreed via email.
IV. Closing Items
A.
Adjourn Meeting
- FinCom notes March 2023.pdf
- MCCPS-Mar-2023-Financial Statements v1.xlsx
The discussion tracked with the notes provided by Jeff Barry.
One of the main payments this period relate to a first payment of $10,300 to the architects who made the assessment for repurposing the warehouse.
These expansion projects have been put on hold for the time being.