Westside Atlanta Charter School

Finance Committee

November Finance Meeting - Friday November 6th, 2026 @7:30 AM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Chris Tuten not present member
Pamela Tanner present secretary On Time At Adjournment
Jessica Weissinger present chair On Time At Adjournment

CFO report

MTD

  • Reserve allocation 34K
  • Interest earned on cash and investments 22K
  • After-school fees 14K over budget
  • Federal meals reimbursement 14K over budget — helped offset operating expenses

YTD

  • Reserves 136K
  • Salaries & benefits absorbed by Title I 39K
  • Literacy allotment 31K
  • Interest on cash and investments 40K
  • Federal meal reimbursements 26K over budget

Title I - $39,000

Q1 quarterly submission has been approved for payment

Investments - $993,858

Market value on a $1,000,000 investment; $11K market-value gain for the month

Accounts Receivable - $139,000

End-of-October balance: Facility Grant 100K (check received and deposited 11.05.2026), Title I 39K

Commentary: Cash Position

  • Currently held in the money market account: $4.4M
  • Increase in cash position for the month: $126K
  • Projected cash balance as of July 2027 ($3M net of cash reserves): $2M

Reserves & incoming funds

  • Cash reserves should represent approximately three months of operating expenses
  • Facility Grant receivable of $100K — check received and deposited 11.05.2026.

The Meeting was Adjourned

The meeting adjourned at approximately 8:08 am

Motion to adjourn

By: Jessica Weissinger Seconded by: Pamela Tanner

There was no notable discussion on the motion.