Community Regional Charter School
Minutes
Finance and Facilities Committee Meeting
Date and Time
Wednesday October 23, 2024 at 6:00 PM
Members of the public are welcome to attend and observe these meetings but must be aware that although the meeting is held in public it is not a public meeting and therefore observers are not permitted to speak during the meeting itself, except during public comment.
Committee Members Present
C. Hansen (remote), S. Saltzman (remote)
Committee Members Absent
None
Guests Present
J. Alves (remote), K. Canning (remote), N. Reinholt (remote), T. Works (remote)
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance
II. Finance
A.
Review monthly financials
B.
Consolidation Update
Travis shared updates with Raymond James, Architect, and USDA Pre-Application.
The process is ongoing and Raymond James is compiling financials for the USDA Pre-Application.
The team is working with the school attorney and a CPA on a Payment In Lieu of Taxes (PILOT) for First Park Property.
A meeting was scheduled with an architect on 10/11/24 and another meeting is scheduled for 10/24/24 with a 2nd architect firm interested in the project.
III. Facilities
A.
Update on facilities across the district
Kit shared that we are keeping projects as minimum as possible.
GE and roofing is doing preventative maintenance.
Toilet issues at Dimensions is being handled by Central Maine Septic.
We are trying to keep things running and not investing large sums of money unless needed.
IV. Closing Items
A.
Approve Minutes
| Roll Call | |
|---|---|
| C. Hansen |
Aye
|
| S. Saltzman |
Aye
|
Jill shared the monthly financials metrics and a highlight is that we are 36 days cash on hand with a 3 payroll period.
Jill shared the balance sheet and made note of our long term liability comparisons.
Jill shared grant reimbursements and budget to actual with notes.