Finance Committee Regular Meeting Minutes

October 21, 2021, 8:30-9:30 AM

Yu Ming Charter School

Minutes

Finance Committee Regular Meeting

Date and Time

Thursday October 21, 2021 at 8:30 AM

This meeting will be by teleconference pursuant to Assembly Bill 361.

The Board of Directors (“Board”) and employees of the Yu Ming Charter School shall meet via the Zoom meeting platform. Members of the public who wish to access this Board meeting may do so at:

https://yumingschool.zoom.us/j/88587230385?pwd=cWNzWnA5OVJTc0RHTG53dDYwMzdmQT09

Meeting ID: 885-8723-0385

Password: 5463

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Committee Members Present

B. Badillo (remote), E. Wood (remote), J. Norman (remote), R. De Walque (remote), S. Park (remote)

Committee Members Absent

Y. Yeh

Guests Present

M. Andrejko (remote)

I. Opening Items

A. Call the Meeting to Order

J. Norman called a meeting of the Finance Committee of Yu Ming Charter School to order on Thursday Oct 21, 2021 at 8:36 AM.

B. Record Attendance and Guests

C. Approval of Agenda

R. De Walque made a motion to approve the agenda.

B. Badillo seconded the motion.

The committee VOTED unanimously to approve the motion.

Roll Call
J. Norman	Aye
E. Wood	Aye
R. De Walque	Aye
S. Park	Aye
B. Badillo	Aye
Y. Yeh	Absent

D. State of Emergency Board Committee Findings Pursuant to Government Code Section 54953(e)

R. De Walque made a motion to approve the state of emergency findings.

S. Park seconded the motion.

The committee VOTED unanimously to approve the motion.

Roll Call
J. Norman	Aye
R. De Walque	Aye
B. Badillo	Aye
S. Park	Aye
E. Wood	Aye
Y. Yeh	Absent

II. Consent Agenda

A. Approval of Consent Agenda

S. Park made a motion to approve the consent agenda.

R. De Walque seconded the motion.

The committee VOTED unanimously to approve the motion.

Roll Call
B. Badillo	Aye
R. De Walque	Aye
J. Norman	Aye
E. Wood	Aye
S. Park	Aye
Y. Yeh	Absent

B. Approval of June 10 Meeting Minutes

S. Park made a motion to approve the minutes from Finance Committee Special Meeting on 06-10-21.

R. De Walque seconded the motion.

The committee VOTED unanimously to approve the motion.

Roll Call
S. Park	Aye
J. Norman	Aye
E. Wood	Aye
Y. Yeh	Absent
R. De Walque	Aye
B. Badillo	Aye

C. Approval of September 20 Meeting Minutes

S. Park made a motion to approve the minutes from Finance Committee Regular Meeting on 09-20-21.

R. De Walque seconded the motion.

The committee VOTED unanimously to approve the motion.

Roll Call
R. De Walque	Aye
E. Wood	Aye
B. Badillo	Aye
J. Norman	Aye
Y. Yeh	Absent
S. Park	Aye

III. Invitation to the Public to Address the Committee

A. Public Comments

There were no members of the public in attendance and no public comments.

IV. Items of Business

A. Yiaway Yeh Joining the Committee

B. Badillo made a motion to approve Y. Yeh joining the committee.

R. De Walque seconded the motion.

The committee VOTED unanimously to approve the motion.

Roll Call
E. Wood	Aye
J. Norman	Aye
S. Park	Aye
B. Badillo	Aye
Y. Yeh	Absent
R. De Walque	Aye

B. Financial Update

B. Badillo presented the financial update and answered questions.

C. 2021-2022 Revised Budget

B. Badillo presented the 2021-22 revised budget, which shows small enough variants that they don't require Board approval.

V. Closing Items

A. Review of Action items and Future Agenda Items

The audit may be available for the next meeting
First interim
Board designation for reserves
Possible strategic planning related finance priorities (e.g. diversified revenue stream)

B. Schedule Next Meeting

The next meeting will take place the first week of December.

C. Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:32 AM.

Respectfully Submitted,

J. Norman

THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE
Notice is hereby given that the order of consideration of matters on this agenda may be changed without prior notice.
REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY
Members of the public are welcome to speak on any agenda or non-agenda items so long as the matter pertains to the domain and jurisdiction of the school board. Public testimony on non-agenda items will be heard at the opening of the meeting. Public testimony on agenda items will take place as each item is presented. The Board’s presiding officer reserves the right to impose reasonable time limits on public testimony.
REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY
Requests for disability-related modifications or accommodations to participate in this public meeting should be made 24 hours prior to the meeting by calling (510) 326-1048 or emailing or ymclosure@yumingschool.org. All efforts will be made for reasonable accommodations. The agenda and public documents can be modified upon request as required by Section 202 of the Americans with Disabilities Act.
FOR MORE INFORMATION
A copy of the written materials which will be submitted to the Board may be reviewed by any interested persons on the Yu Ming Charter School’s website along with this agenda following the posting of the agenda at least 72 hours in advance of this meeting.
For more information concerning this agenda or to receive access to materials relating to this meeting, please contact Yu Ming Charter School at (510) 452-2063 or office@yumingschool.org.