MCCPS Board of Trustees
Minutes
Finance Committee Meeting
Date and Time
Friday January 26, 2024 at 11:00 AM
Location
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Meeting ID: 896 6864 6776
Passcode: 913926
Find your local number: https://us06web.zoom.us/u/kbKm2QSEZa
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, Katie Holt (remote), Lindsay Smith, Rodolphe Herve, Stephanie Brant
Committee Members Absent
Emily Promise, Melinda Way, Paul Baker, William Rockwell
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
| Roll Call | |
|---|---|
| Julie Santosus |
Aye
|
| Paul Baker |
Absent
|
| William Rockwell |
Absent
|
| Jeff Barry |
Aye
|
| Emily Promise |
Absent
|
| Katie Holt |
Aye
|
| Lindsay Smith |
Aye
|
| Stephanie Brant |
Aye
|
| Rodolphe Herve |
Aye
|
| Melinda Way |
Absent
|
II. Financial Statements Discussion
A.
Committee review of Previous Month's Financial Statements
The discussion followed the documents and notes provided ahead of the meeting.
In addition to the information contained in the notes, a few more details were provided by Jeff Barry and Stephanie Brant including:
- the grant to be received by MCCPS will provide ~$100K and provide much relief for the rest of the year
- other revenue-generating opportunities are being investigated such as renting school facilities and summer camps. Discussions with the YMCA are ongoing.
- PPE numbers will be updated quarterly so we expect a new update from DESE in a few months
III. Closing Items
A.
Adjourn Meeting
- 2023_11_20_finance_committee_meeting_minutes.pdf
- MCCPS-Dec-2023-Financial Statements v1.xlsx
- FinCom notes Dec 2023.docx
Rodolphe Herve made the following comments to open the Finance Committee meeting:
1) the Finance Committee meeting was notified that the Board of Directors has approved entering into negotiations with Ms. Stephanie Brant to appoint her Head of School
2) Due to a significant reduction in DESE monthly checks, MCCPS will face financial pressures in the 2023/2024 financial year
3) The Finance Committee will have 3 important objectives in the next 6 months: