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

Y. Yeh called a meeting of the Finance Committee of Yu Ming Charter School to order on Wednesday Mar 8, 2023 at 2:08 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
R. De Walque
Aye
J. Norman
Aye

II. Consent Agenda

A.

Approval of Consent Agenda

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

B.

Approval of Feb 13 Minutes

R. De Walque made a motion to approve the minutes from Finance Committee Regular Meeting on 02-13-23.
J. Norman seconded the motion.
The committee VOTED unanimously to approve the motion.
Roll Call
R. De Walque
Aye
Y. Yeh
Aye
J. Norman
Aye

F. Sassin joined at 2:15pm.

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

B.

Schedule Next Committee Meeting(s)

C.

Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 3:05 PM.

Respectfully Submitted,
Y. Yeh