Nuasin Next Generation Charter School
Minutes
Finance Committee Meeting
Date and Time
Thursday July 20, 2023 at 4:05 PM
Location
Join Zoom Meeting
https://metlcs.zoom.us/j/99333770398?pwd=MGgrcVE1L2RKSjdKT2syazVabjJRUT09
Meeting ID: 993 3377 0398
Passcode: 779998
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
K. Brisseau (remote), S. Pressley (remote), T. Bryan (remote)
Committee Members Absent
A. Bothner, E. Chen
Guests Present
G. Borja (remote), J. Keeney (remote), M. Alston (remote), M. Russell (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
II. Finance
A.
General Updates
B.
Quarterly Investment Report
C.
End of Year Financial Report
D.
Strategic Goals 2023-2024
SP reviews the strategic goals for last year, Ellen's wedding to fundraise, switching Banks to save on fees, and dove deeper into our relationship with 4th Sector and JP Morgan Chase. MR adds that we have been consistent in transparent information over the course of the year.
SP suggests looking into the next year we are looking to Establish financial stability, establish an external presence, establish a board-focused financial literacy moment, and establish debt management. MR suggests changing debt management to continued cash management and also questions external presence. SP responds looking into the benefit of serving on a community board. SP explains that partnering and allowing other organizations to use the technology we are no longer able to use allows us to highlight our contribution to our community. KB responds that the goals are reasonable and resonate with her. TB asks about budgeting for consultants. MR responds that we have not added this to our budget and require further conversations. Adding the Director of Development in the initial strategy. JK adds that we should include the lease we will sign in the debt management. MR responds that the facility will look into this aspect. MR and SP add portions of this into the final debt management strategy.
SP reviews the agenda and expectations for the meeting. The quarterly status will be moved up in mid-August. There will not be an end-of-year report this month as 4th sector is still closing out the books. Monthly financials in July and August will be presented in September and the EOY report will be presented in August. MR adds that the EOY report requires finer attention to detail and that is why is it not available today. SP inquires about the update for the interim audit. MA reports that we are handing in items upon request. The portal experience is going smoothly, they are proactive in giving us a schedule for documents that are pending. SP will also review committee successes.