DeKalb Preparatory Academy

Finance Committee

Regular Meeting - Thursday October 17th, 2019 @6:30 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Janelle Wilhite present chair On Time At Adjournment
Suzette Arnold not present member
Susan Wright present secretary On Time At Adjournment
Chris Estes present viewer On Time At Adjournment

Welcome and Call to Order

The meeting will be called to the order.

Call to order of meeting.

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

Approval of Agenda

So that there is agreement between board members on the agenda, and the amount of time spent on the meeting, the board shall vote to approve an agenda for the meeting. To the best of its ability, it will follow that agenda, and allow for the chair to move the board through the agenda as specified.

Approve the agenda as submitted

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

Approve Minutes

Approve minutes from the last meeting.

To approve minutes of the last meeting.

By: Janelle Wilhite Seconded by: Susan Wright

There was no notable discussion on the motion.

Bank Reconciliation

Status of Bank reconciliations.

Policy Review.

Review updated policies from the last meeting.

Motion to approve the Procurement Policy and Credit Card Policy.

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

Other Business

Motion to correct the agenda to approve the financial​ report.

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

Motion to amend the agenda discuss the audit report.

By: Janelle Wilhite Seconded by: Chris Estes

There was no notable discussion on the motion.

Motion to approve the Management Representation letter from Bambo Sonaike CPA.

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

Motion to approve the invoice of $10,000 for Bambo Sonaike CPA.

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

Approve the McQuire Woods Invoice from August for $5,072.

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

Motion to approve the Ciridia invoice for a ​one-time​ expense of $414.40.

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

Adjournment

Motion to adjourn.

By: Susan Wright Seconded by: Chris Estes

There was no notable discussion on the motion.

The Meeting was Adjourned

The meeting adjourned at approximately 8:30 pm

Motion to adjourn

There was no notable discussion on the motion.

The Meeting was Adjourned

The meeting adjourned at approximately 12:24 pm

Motion to adjourn

By: Chris Estes Seconded by: Susan Wright

There was no notable discussion on the motion.