Compass Charter Schools

Minutes

Finance Committee Meeting

Date and Time

Tuesday September 13, 2016 at 2:00 PM

Board of Directors Finance Committee Regular Meeting Notice
Tuesday, September 13, 2016
2:00 PM PST
Go to Meeting
https://global.gotomeeting.com/join/265744141
Locations:
AAS Central Office: 850 Hampshire Road, Suite P, Thousand Oaks, CA 91361
3305 Buckman Springs Road, Pine Valley, CA 91962
3625 Thousand Oaks Blvd., Suite 245 Westlake Village, CA 91362
 
 
Finance Committee Meeting
Tuesday, September 13, 2016 2:00 PM - 3:00 PM Pacific Daylight Time
Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/265744141  
You can also dial in using your phone.
United States : (312) 757-3121
Access Code: 265-744-141
 
Addressing the Committee – Committee meetings are meetings of the Board of Directors and will be held in a civil, orderly and respectful manner. All public comments or questions should be addressed to the Committee through the Chair of the Committee. To ensure an orderly meeting and an equal opportunity for each speaker, persons wishing to address the Committee must send a Speaker Request Message through the form of a text message or chat box message to Miguel Aguilar, Executive Assistant to the CEO (805-807-8199). Messaging is available through the conference service provider, GoToMeeting. Messages must contain speaker name, contact number or email, and subject matter and sent to the Executive Assistant to the CEO prior to the beginning of the Public Comment section of the meeting. Members of the public may address the Committee on any matter within the Committee’s jurisdiction and have three (3) minutes each to do so. The total time of each subject will be fifteen (15) minutes, unless additional time is requested by a Committee Member and approved by the Committee.
 
The Committee may not deliberate or take action on items that are not on the agenda. However, the Committee may give direction to staff following a presentation. The Chair is in charge of the meeting and will maintain order, set the time limits for the speakers and the subject matter, and will have the prerogative to remove any person who is disruptive of the Committee meeting. The Finance Committee may place limitations on the total time to be devoted to each topic if it finds that the numbers of speakers would impede the Committee’s ability to conduct its business in a timely manner. The Finance Committee may also allow for additional public comment and questions after reports and presentations if it deems necessary.
 
For questions or requests regarding accessibility, please call Miguel Aguilar at (805) 807-8199.

Committee Members Present

J. Cummings (remote), J. Lewis, K. Granger (remote), L. Fishman, M. Aguilar

Committee Members Absent

None

I. Opening Items

A.

Record Attendance and Guests

B.

Call the Meeting to Order

K. Granger called a meeting of the Finance Committee of Compass Charter Schools to order on Tuesday Sep 13, 2016 at 2:01 PM.

II. CONSENT ITEMS

A.

Approval of September 13, 2016 Regular Meeting Agenda

L. Fishman made a motion to approve the consent items.
J. Cummings seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
L. Fishman
Aye
J. Cummings
Aye
K. Granger
Aye

III. REPORTS

A.

Staff Report

Lewis mentioned that Christy White Associates were on-site on Thursday, August 4th to complete portions of their audit review for the 2015-16 year. The audit is due to the state by December 15th; our goal is to submit early. We will appeal our funding position to the California Department of Education, Advisory Commission on Charter Schools and State Board of Education this winter after our audit.
 
Cummings asked as of when the funding would be effective. Lewis confirmed it would be as of July 1st, 2016.

IV. NEW BUSINESS

A.

Review and Discussion of Committee Charge

Lewis reviewed the Finance Committee charge, which was approved at the May 10, 2016 Special Board Meeting, with the committee.
 

B.

Review and Approval of 2015-16 Unaudited Actuals

J. Cummings made a motion to approve the 2015-16 Unaudited Actuals.
L. Fishman seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
L. Fishman
Aye
J. Cummings
Aye
K. Granger
Aye
Discussion led by Josh Eng, Director of Accounting with EdHive.

C.

Review and Approval of July Financials

Discussion item as opposed to an action-item was consensus.  No action taken.
 
Discussion led by Scott Warner, School Business Manager with CSMC.

D.

Review and Approve 2016-17 Amended Operating Budget

J. Cummings made a motion to approve the 2016-17 Amended Operating Budget.
L. Fishman seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
K. Granger
Aye
L. Fishman
Aye
J. Cummings
Aye

V. 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 3:21 PM.

Respectfully Submitted,
M. Aguilar