Bricolage Academy Finance Committee Finance Committee Meeting Agenda
The committee meeting agenda included a discussion on the 403B retirement plan and a comprehensive review of the financial picture of the academy through the end of November.
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The committee meeting agenda included a discussion on the 403B retirement plan and a comprehensive review of the financial picture of the academy through the end of November.
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The board discussed and took action on the Pupil Progression Plan, the Cash Management and Investment Policy, and BESE rule 126 concerning the protection of public funding in charter schools. Additionally, the Board Chair provided a report covering ethics training, conflict of interest requirements, and an interim CEO survey. The Interim CEO presented a report regarding school performance data, an overview of the first school quarter, preparations for the founding class, and COVID-19 updates.
The meeting included discussions on the required Board of Ethics training and the completion of Conflict of Interest forms. An interim CEO survey was sent to staff and board members to evaluate Ms. Wilbern's role. The Interim CEO's report covered school performance data, challenges and improvements during the first quarter, plans for celebrating the founding class, and COVID-19 updates, including weekly testing policies.
The committee discussed the academy's financial status, including cash on hand and the impact of Hurricane Ida. The costs were related to substitute costs and a standstill in donations. The committee also discussed BESE ruling 126, which calls for charter schools to protect public funding by ensuring all funds are insured or collateralized over the FDIC limit. The committee agreed with the recommendation to move all public funds to Resource Bank because they could secure the funds at the least cost to Bricolage.
Extracted from official board minutes, strategic plans, and video transcripts.
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