Community Regional Charter School
Minutes
Finance and Facilities Committee Meeting
Date and Time
Wednesday November 20, 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)
Committee Members Absent
S. Saltzman
Guests Present
A. Savage, J. Alves (remote), N. Reinholt (remote), T. Works
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance
II. Finance
A.
Review monthly financials
B.
Sweep Account
Jill gave a brief overview of what a sweet account is. Nicki gave approval to Travis to continue to pursue this. Jill and Travis will be getting trained on it on 11/21/24 and then moving forward with getting it up and running.
C.
5 Year Projections for Raymond James
Jill shared our current 5 year projections for Raymond James but we do need to make a few changes as recommended by Raymond James.
Committee also had a discussion around different fundraisers or other ways to increase revenue and income to help with construction costs.
Committee is going to add this idea of fundraising to the next business meeting of the board for more discussions and brainstorming.
D.
Draft Audit
We did not receive the draft audit yet.
However, Jill and Travis are going to request that one of the auditors be present at the December board meeting for review and questions to be able to submit to the Charter Commission by the deadline of Dec 30th.
III. Facilities
A.
Update on facilities across the district
Travis shared out that as a district we are trying to keep facilities cost low and just maintain with what we have.
However, we had a couple of projects that are being completed including:
- Boiler at CCA needs maintenance
- Gym bathroom at Dimensions is being reopened after a few years but needs a plumber to fix a few things
IV. Closing Items
A.
Approve Minutes
Ashlee reviewed the minutes and the committee unanimously approved them.
Jill Alves reviewed the Monthly Performance and Stability Report as of 10/31/24. Jill also shared our balance sheet comparing this time to the same time last year, Budget vs. Actual Report, and the Statement of Cash Flows.