Vida Charter School
Minutes
Finance Committee Meeting
Date and Time
Monday March 18, 2024 at 3:30 PM
Location
Vida Charter School, 120 E. Broadway, Gettysburg, PA 17325
https://zoom.us/j/93453247793?pwd=OFQ2bHJkSXl6ckVRaEUwbzJZaFJOQT09
Committee Members Present
L. Rice (remote), S. Luque (remote)
Committee Members Absent
None
Committee Members who arrived after the meeting opened
L. Rice
Guests Present
Abigail Dubinchik (remote), C. Miller (remote), M. Turner (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
S. Luque called a meeting of the Finance Committee of Vida Charter School to order on Monday Mar 18, 2024 at 3:43 PM.
C.
Approve Minutes
S. Luque made a motion to approve the minutes from Finance Committee Meeting on 02-20-24.
The committee VOTED to approve the motion.
L. Rice arrived at 3:46 PM.
II. Financials
A.
MOE Letter from PDE
B.
Monthly Financial Reports
Kevin Corcoran explains the monthly fiscal report.
Vida is +68K
Projection continues pedulum, currently a 0.2% margin in inflows over outflows.
L. Rice made a motion to recommend the monthly financial reports to the full board for approval.
S. Luque seconded the motion.
The committee VOTED to approve the motion.
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 4:25 PM.
Respectfully Submitted,
L. Rice
Abigail Dubinchik provided an explanation about a letter received by the PDE (Pennsylvania Department of Education).
Vida failed to meet its fiscal effort/requirements when comparing its financial data for the fiscal year ending June 30, 2021 to the fiscal year ending June 30, 2022.
Specifically, Vida did not maintain the required level of funding/expenditures from one fiscal year to the next, based on some fiscal effort criteria.
She made a projection to explain that right now Vida should not worry, but it should keep its efforts to maintain the required level.