Learning First Charter Public School Finance Committee

Learning First Charter Public School Finance Committee Agenda Tuesday, October 14, 2025, ~ 5:00-5:45 REMOTE Google Meet - Meeting ID meet.google.com/udf-msoj-qjg Phone Numbers (US)+1 609-483-6085 PIN: 881 880 991# The Finance Committee works with board members, the Superintendent and Business Manager to create the upcoming fiscal year budget, present budget recommendations to the Board, monitor implementation of the approved budget, propose revisions, and make policy recommendations for the management of the charter school's assets. The Finance Committee monitors the following Accountability Plan goals: 1. The school’s annual budget is sustained by its enrollment. 2. Each year, the school demonstrates a history of positive net assets, adequate cash flow to sustain operations and support the academic program and consistently operates within budget. 3. There is an absence of material or repeated audit findings in annual audits by qualified independent auditors. *** Items for vote Welcome: Minutes from September 15, 2025, finance committee meeting presented for approval *** 1) Financial Reports School: a. Cash Balances September 2025 b. LFCPS Balance Sheet September 2025 c. LFCPS Budget vs P&L September 2025 2) FY26 Budget Revision #2 – Review and vote to recommend budget revision #2 to the Board of Trustees. *** 3) Information: FY25 Draft Financials are included in the meeting package and will be reviewed by Kevin Petrosino & Ryan Dillon during the Board of Trustees meeting. 4) New Business: 5) Old Business – Review two CDs opened per board vote at September meeting 6) Adjournment Next meeting: Monday, November 17, 2025 (REMOTE)