Meeting Summary

The Finance Committee met on Thursday June 18th, 2020 @6:30 PM for what was scheduled to be a 0 hours and 52 minutes long meeting. Present: Peter Vantine, Jessica Pressley-Willis, Patrick Muhammad, Chaz Patterson Not Present: Kapinga Mukenge, Shadeed Abdul-Salaam

The members considered the following items:

1. Welcome and Call to Order
2. May Financial Review
3. PPP Loan Update
4. FY20 Reserve Account Contribution
5. Follow Up Questions/Clarifications
6. Adjournment

The committee considered 2 motions, of which 2 passed, and 0 failed:

1. Approve finance report to be sent to the governing board (passed)

2. Transfer $64,295.44 into the reserve account, making the balance in the reserve account $800K by June 30, 2020 (passed)

   The meeting adjourned at 4:03PM