Yu Ming Charter School

Minutes

Finance Committee Regular Meeting

Date and Time

Tuesday December 6, 2022 at 2:00 PM

This meeting will be by teleconference pursuant to Executive Orders N-25-20 and N-29-20, and 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/88507795766?pwd=WDhWSTRtOXRld2daWkpwNGhCdFkvdz09

Meeting ID: 885-0779-5766

Password: 747745

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Committee Members Present

J. Norman (remote), R. De Walque (remote), Y. Yeh (remote)

Committee Members Absent

None

Guests Present

B. Badillo (remote), E. Wood (remote), F. Sassin (remote), M. Andrejko (remote), S. Park (remote)

I. Opening Items

A.

Call the Meeting to Order

Y. Yeh called a meeting of the Finance Committee of Yu Ming Charter School to order on Tuesday Dec 6, 2022 at 2:06 PM.

B.

Record Attendance and Guests

C.

Approval of Agenda

J. Norman made a motion to approve the agenda.
R. De Walque seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
Y. Yeh
Aye
J. Norman
Aye
R. De Walque
Aye

D.

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

J. Norman made a motion to approve the findings.
Y. Yeh seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
J. Norman
Aye
Y. Yeh
Aye
R. De Walque
Aye

II. Invitation to the Public to Address the Committee

A.

Public Comments

There were no public comments.

III. Consent Agenda

A.

Approval of Consent Agenda

B.

Approval of Oct 19 Minutes

R. De Walque made a motion to approve the minutes from Finance Committee Regular Meeting on 10-19-22.
J. Norman seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
J. Norman
Aye
Y. Yeh
Aye
R. De Walque
Aye

IV. Items of Business

A.

2022-23 Committee Description, Goals and Membership

The group revised the committee description for the current school year.

B.

Fiscal Policies Review

Tabled.

C.

October Financial Report

F. Sassin presented the October financials.

D.

First Interim Report

F. Sassin presented the first interim report. 

E.

2021-22 Audit Update

F. Sassin reported that the audit firm is on track to submit the audit report by Dec 15. The board will vote on it thereafter before Jan 31. A special board meeting will be necessary in January.

V. Closing Items

A.

Review of Action items and Future Agenda Items

  • Work with CEO and COO to ensure both short-term and long-term facility needs are budgeted for - as needed.

B.

Schedule Next Committee Meeting(s)

Jan 17, 2pm - Committee Meeting

Tentatively: Jan 19 or Jan 26, 4:30pm - Board Meeting (30 min)

C.

Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 3:06 PM.

Respectfully Submitted,
Y. Yeh