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Yu Ming Charter School

Minutes

Finance Committee Regular Meeting

Date and Time

Monday February 13, 2023 at 4:00 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/82220543594?pwd=cXBSb3VneTNyTUNMeGgwcWsreGFlUT09

Meeting ID: 822-2054-3594

Password: 589739

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Committee Members Present

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

Committee Members Absent

None

Guests Present

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 Monday Feb 13, 2023 at 4:04 PM.

B.

Record Attendance and Guests

C.

Approval of Agenda

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

II. Invitation to the Public to Address the Committee

A.

Public Comments

There was no member of the public in attendance.

III. Consent Agenda

A.

Approval of Consent Agenda

B.

Approval of Jan 17 Minutes

R. De Walque made a motion to approve the minutes from Finance Committee Regular Meeting on 01-17-23.
J. Norman seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
J. Norman
Aye
R. De Walque
Aye
Y. Yeh
Aye

IV. Items of Business

A.

Fiscal Policies Review

Tabled.

B.

December Financial Report

F. Sassin presented the report.

C.

Line of Credit Renewal & Increase

The group discussed increasing the line of credit to $1M upon renewal to cover a month of expenses in case of emergency.

V. Closing Items

A.

Review of Action items and Future Agenda Items

  • Fiscal Policies
  • Revised terms for line of credit
  • Second interim
  • Facilities Funding, timing permitting

B.

Schedule Next Committee Meeting(s)

Tues, March 7, 2-3pm

C.

Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 4:52 PM.

Respectfully Submitted,
Y. Yeh
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.