Yu Ming Charter School
Minutes
Board Finance Committee Regular Meeting
Date and Time
Wednesday March 8, 2023 at 2:00 PM
Location
- In person: 675 41st Street, Oakland, CA 94609
- Teleconference Location: 2688 Becard Ct, Pleasanton, CA 94566
- Zoom Meeting
The Board of Directors (“Board”) and employees of the Yu Ming Charter School shall meet in person at the location listed above.
Zoom Meeting information is made available for Directors teleconferencing and members of the public who wish to access the meeting remotely:
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, Y. Yeh
Committee Members Absent
None
Guests Present
E. Wood, F. Sassin (remote), M. Andrejko
I. Opening Items
A.
Call the Meeting to Order
B.
Record Attendance and Guests
C.
Approval of Agenda
Roll Call | |
---|---|
Y. Yeh |
Aye
|
R. De Walque |
Aye
|
J. Norman |
Aye
|
II. Consent Agenda
A.
Approval of Consent Agenda
Roll Call | |
---|---|
Y. Yeh |
Aye
|
J. Norman |
Aye
|
R. De Walque |
Aye
|
B.
Approval of Feb 13 Minutes
Roll Call | |
---|---|
R. De Walque |
Aye
|
Y. Yeh |
Aye
|
J. Norman |
Aye
|
III. Items of Business
A.
Fiscal Policies Review
F. Sassin noted there are legal updates that need to be incorporated. These need to be reviewed by Legal before being presented to the Board on April.
B.
January Financial Report
F. Sassin presented the report and the committee discussed.
E. Wood left at 2:39pm.
C.
Second Interim Report
F. Sassin presented the second interim report.
The report will be presented to the Board for vote at tomorrow's March 9 meeting.
D.
Line of Credit Renewal & Increase
First Republic provided the revised contract. This is integrated in the narrative for the January financial report--it will be added to the dashboard once Board-approved.
J. Norman noted that a Board Director asked about approval process for drawing from the LOC. The process outlined in the Fiscal Policies will be vetted with board along with the policy revision.
E.
Facilities Funding
Tabled to the next Finance Committee Meeting.
IV. Closing Items
A.
Review of Action items and Future Agenda Items
- Fiscal Policies
- Facilities Funding
F. Sassin joined at 2:15pm.