River Valley Charter School Board of Trustees · September 17, 2025 · 12:00 PM
RVCS Finance Committee Meeting
Finance committee reviewed August financials and an audit update (audit substantially complete); noted $100K moved into the Capital Reserve (balance ≈ $380K) and reviewed the Grounds Redesign project spending, assigning Central Source to document spend-to-budget links.
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Key decisions
Central Source will review documentation related to the Community Preservation Act to determine whether the Foundation should have this recorded as of June 30, 2025.
Central Source will produce a document linking expenditures to the Grounds Redesign project budget (create spend-to-budget linkage documentation).
The Finance Committee reviewed the adopted Finance Responsibilities document and made no changes.
Agenda
Finance
A. Review August 31, 2025 Financial Results
Review of the school's August 31, 2025 financial results.
Finance
B. Review 2025 Audit Progress and Updated Results
Review progress and updated results for the 2025 audit (fieldwork complete; awaiting Daniel Dennis review and drafts). Notes expected 2025 surplus of $265K with proposed allocations: $100K Capital Reserve, $90K Stipends, $40K Montessori materials/furniture/phone system, $35K Retained Earnings.
Finance
C. Overview of Finance Committee Responsibilities
Overview and discussion of Finance Committee responsibilities.
Finance
D. Grounds Redesign
Discussion of grounds redesign.