Nuasin Next Generation Charter School

Minutes

Finance Committee Meeting

Date and Time

Thursday July 21, 2022 at 4:05 PM

Location

Join Zoom Meeting
https://metlcs.zoom.us/j/99333770398?pwd=MGgrcVE1L2RKSjdKT2syazVabjJRUT09

Meeting ID: 993 3377 0398
Passcode: 779998

Mission
At Nuasin Next Generation, we believe in the unlimited talent and intellectual potential of our scholars and our community. We cultivate this talent and intellectual potential through a progressive education that focuses on deep exploration, thoughtful questioning, relentless curiosity and critical thinking. Nuasin Next Generation Charter School implements a progressive K-12 educational program and an unyielding commitment to cultivating our scholars’ innate intellectual talents to empower our graduates to achieve excellence in their postsecondary paths and make positive impacts on the broader community. Every single one of our scholars have the potential to be great and change the world, at Nuasin Next Generation we prepare our scholars for that opportunity.
3 Pillars
The Mission of Nuasin Next Generation stands firmly on the foundation of our three pillars: Rigor, Self-Advocacy, and Community. These three pillars are the guiding principles for our school and culture. Please find a deeper explanation of our  pillars below.

Rigor:
We use the word “rigor” not in the stringent or inflexible sense, but in the sense of an unyielding need to challenge and push our scholars because we understand and believe in the potential, talent, and ability of our scholars and community. We challenge our scholars to build their confidence and help them realize what they can achieve. 

Self-Advocacy:
Our scholars are empowered to advocate for themselves, their families, and their communities. As our scholars come to understand that their voices are valued and needed, they learn to advocate for themselves. Our scholars are seen and valued; they understand that not only do they have the right to express their opinions, views, and perspectives, but it is their obligation to do so. 

Community:
Our scholars will embrace community and understand that as a member of a community you have certain
inalienable rights, the right to be seen, the right to be heard, the right to be protected and the right to be loved and
cherished. Our students will also learn of their obligations. As a member of a community you have the obligation to
respect, listen, support and only want and assume the best in all others. Every member of our community must understand that they are active participants in the Nuasin community and the community goes as we go.

Committee Members Present

E. Chen (remote), K. Brisseau (remote), S. Pressley (remote)

Committee Members Absent

A. Bothner, T. Bryan

Guests Present

K. Davidson (remote), K. Perez (remote), M. Alston (remote), R. Keogh (remote), Shela Kochar (remote)

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

S. Pressley called a meeting of the Finance Committee of Nuasin Next Generation Charter School to order on Thursday Jul 21, 2022 at 4:11 PM.

C.

Approve Minutes

S. Pressley made a motion to approve the minutes from Finance Committee Meeting on 06-16-22.
E. Chen seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
T. Bryan
Absent
E. Chen
Aye
A. Bothner
Absent
S. Pressley
Aye
K. Brisseau
Aye

II. Finance

A.

General Updates

S. Pressley shared updates for this month. Since there is a Board Retreat the information will be given briefly during the meeting.

B.

June Financials

R. Mew gave his monthly updates.

 

 

  • As of July, we are really strong with our cash on hand and a marked increase in the investment account.
  • From April to May, our assets went down due to the intermittent month without receiving per pupil, but the current ratio has gone up and holds. 
  • No changes to enrollment. The only risk factor is any enrollment updates that we might cover with the submission of the reconciliation invoice, which takes place in August.  
  • Financials continue to look good. The year-to-date surplus is running very much in line with what has been presented over the last few months. 

 

C.

Quarterly Investment Report

D.

Nuasin Expansion Expense

III. 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 5:01 PM.

Respectfully Submitted,
S. Pressley