Vida Charter School

Finance Committee Meeting

Date and Time

Monday November 21, 2016 at 3:30 PM EST

Location

Eisenhower Bldg

Agenda

Section Number Topic Number Details
I. Opening Items
 
Opening items
  A. Record Attendance and Guests
  B. Call the Meeting to Order
  C. Approve Minutes
    Approve minutes for Finance Committee Meeting on October 20, 2016
II. New Business
  A. Call to Public
  B. Enrollment Report / Treasurer's Report / Monthly Business Report
  C. October Financials
   
Please review and be ready to discuss. Please also ask any questions you may have.
  D. Keeping track of spending within budget categories
   

Kevin will lead a discussion on how to best help us assess spending within any given categories.

  E. Auditor Search
   

Kevin Corcoran will suggest potential auditors.

III. Old Business/Updates
  A. Marketing plan
   

Martha will provide brief ideas (with a focus on financials) of her upcoming marketing plan.

  B. Committee goals
   
The committee will finalize Finance committee goals and advance them to the full board. Previously mentioned were:

-Improve monthly reporting mechanism
-Ensure compliance with open mtg law
-Conduct/delegate annual board training on finance
-Align dental insurance plan with other insurances
-Oversee development of comprehensive compensation package
-Develop 5 year financial forecast
-Oversee completion of financial operations manual
-Maintain annual committee calendar
  C. Budget conversation with teachers/staff
   

We will discuss our opportunities to communicate to teachers how they factor into the budgeting process by retaining and attracting students to Vida.

  D. OKRs
   

We will continue our 'goal setting' theme by discussing Finance committee and objectives/key results

  E. Review finance committee calendar
   

Committee will discuss the existing annual calendar

  F. Credit card for Martha
   

Martha has had difficulty obtaining a Vida credit card in her name and will provide us an update on whether this was resolved.

  G. Insurance rollover
   

Naima will update us on consolidating insurance rollover dates for teachers and staff.

  H. Federal compliance
   

Kevin Corcoran will update us on federal compliance issues.

IV. Looking Ahead
  A. upcoming
   

The committee will discuss upcoming tasks.

V. Closing Items
  A. Next meeting - December 19th @ 3:30
  B. Adjourn Meeting