Compass Charter Schools
Minutes
Finance Committee Meeting
Date and Time
Tuesday June 19, 2018 at 2:00 PM
CCS 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
Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/188967613
You can also dial in using your phone: (312) 757-3121; Access Code: 188-967-613
For questions or requests regarding accessibility, please call Miguel Aguilar at (805) 807-8199.
3305 Buckman Springs Road, Pine Valley, CA 91962
3625 Thousand Oaks Blvd., Suite 245 Westlake Village, CA 91362
Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/188967613
You can also dial in using your phone: (312) 757-3121; Access Code: 188-967-613
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)
Committee Members Absent
None
Guests Present
M. Aguilar
I. Opening Items
A.
Call the Meeting to Order
K. Granger called a meeting of the Finance Committee of Compass Charter Schools to order on Tuesday Jun 19, 2018 at 2:00 PM.
B.
Record Attendance and Guests
II. CONSENT ITEMS
A.
Consent Items
J. Cummings made a motion to approve the consent items.
K. Granger seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| K. Granger |
Aye
|
| J. Cummings |
Aye
|
| J. Lewis |
Absent
|
B.
Approval of the May 22, 2018 Regular Meeting Minutes
J. Cummings made a motion to approve minutes from the Finance Committee Meeting on 05-22-18 Finance Committee Meeting on 05-22-18.
K. Granger seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| J. Lewis |
Absent
|
| K. Granger |
Aye
|
| J. Cummings |
Aye
|
III. COMMUNICATIONS
A.
Committee Member Communication
IV. REPORTS
A.
Staff Report
Mr. Lewis shared that the Advisory Commission on Charter Schools (ACCS) approved the recommendation by the California Department of Education (CDE) to provide 100% funding to all three of our charters for four years. The State Board of Education will take action on this recommendation at their July meeting.
V. PUBLIC COMMENT
A.
Public Comment
No public comment.
VI. UNFINISHED BUSINESS
A.
Review and Approval of the 2018-19 Operating Budget
Mr. Lewis led the committee in a formal presentation and review of the draft FY19 Operating Budget, and noted there are no significant changes since the May presentation. As of today, Compass will need to recruit 27 more scholars by fall semester to meet the enrollment target of 1,100 scholars.
K. Granger made a motion to recommend approval of the FY19 operating budget to the full Board of Directors.
J. Cummings seconded the motion.
The committee VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| J. Cummings |
Aye
|
| K. Granger |
Aye
|
VII. NEW BUSINESS
A.
Review and Discussion of the May Financials
Mr. Lewis led the committee in a review of the May financials. He noted that the full check registry was not included in the packet, and will be provided at the Annual Meeting.
VIII. Closing Items
A.
UPCOMING MEETING
The Public Hearing has been rescheduled from this Saturday, June 23 to next Monday, June 25 at 5:00 pm. The Board of Directors Annual Meeting will also be next Monday, June 25 at 5:30 pm
B.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 2:19 PM.
Respectfully Submitted,
M. Aguilar
Mr. Cummings shared that while he was not able to attend the ceremonies, he congrats everyone on their graduations.