Fundraising Committee
Like all charter schools, WSD needs to raise money. This premiere year, we plan to raise $550,000 to accomplish 3 priorities:
- To close the planned gap between our State funding and our operational costs, thereby funding additional teacher and paraprofessional salaries and educational resources.
- To address our first-year priorities — playground and additional parking.
- To give us the ability to buy our building. The Board has determined that by holding an extra $140,000 in savings this year, we can qualify for a special low-interest mortgage and opt-out of our lease agreement. Compared to the lease agreement, the new loan will pay back $190,000 in savings during the first year it is in place. The $140,000 actually stays with us as a surplus, not paid away in fees. Compared to our lease agreement, a loan at current rates would save our school 3 million dollars over the next 10 years.
The fundraising committee is raising money externally, via grant applications to corporations and foundations, and internally, via donations from our parents. We are asking WSD families to please thoughtfully consider making The Premiere Year Fund a giving priority.
Description from the official school committee policy statement;
The Fund Development Committee is delegated the responsibility to raise donations to the school for use in capital improvement, other large one-time expenses, as well as on-going program expenses. The Fund Development Committee will coordinate with other fundraising committees established by the Principal or PSTO. The Committee will recommend to the Board a plan for special honors to individuals or groups making large donations to the Weilenmann School.
Finance Committee
Purpose: To fulfill mandates of bylaws and to ensure the efficient and ethical conduct of financial management.
Mission Statement: The Finance Committee provides input into the sound fiscal management of the Weilenmann School of Discovery through financial review, financial policy updates, and budgetary oversight.
Activities:
- Meetings occur quarterly and as needed via teleconference.
- Meetings include review of WSD balance sheets, revenue and loss statements, fund account status, and other fiscal issues as needed.
Membership shall include, but not be limited to:
- WSD treasurer, who serves as committee chair, currently Noah Levine
- 2 Members of the Board, currently Jeramy Lund and Rob Baker
Description from the official school committee policy statement;
The Finance Committee is delegated the responsibility of insuring that proper accounting controls are implemented, that complete books and records of account are kept, and that an adequate system of internal audit is utilized. The Finance Committee is responsible for understanding the overall financial position of the Weilenmann School and the results of its operations. The Finance Committee will present recommendations to the Board for ensuring that tax and other required financial reports are filed properly and in a timely manner as well as recommendations for employing external auditors.
Note; descriptions above are supplied by committee chairs. More committees will be added as needs arise.