Ivy Preparatory Academy

Finance Committee

Regular Meeting - Tuesday January 12th, 2021 @7:40 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Victor Tate present member On Time At Adjournment
Dr. Charcia M. Nichols not present ex-officio
Laticia Sharp present ex-officio On Time At Adjournment

Welcome and Call to Order

The meeting will be called to the order: Victor Tate -Finance Committee Chair

Attendance: Victor Tate, Latrica Sharp, Dr. Burks, Attorney Bryan, and Mr. Adesola (Property Manager).

Finance Committee Work Session

CFO- Financial Report and Operation Updates - Mrs. Sharp

Board Chair - Property Updates - Victor Tate

 Adesola Badon:

- Grady's Issue with heating units has been rectified. There are rec’s for more service to be completed on the units (RTU-6 $3,650/RTU-6 $2,450/TOTAL $6,100)

-       Roof leaks at Grady/Liv Fitness when heavy rain. Rec's for completing repairs ($2,095)

-       New Gate has been approved and will be installed starting next week ($1,990)($10,800)

-    Property Report on the full parcel of land for a consideration of sales, etc. (PROVIDED)

-       Additional serious inquiries for the full sale of the property, tenants, and parking lot space rentals

Ms. Sharp:

-       PPP Loan repayment has been forgiven

-       Upcoming Workers Comp Audit

-       Open Enrollment in February (HR)

-       ‘Intent to return’ letters go out this week

-       Derrick Hill working with resource development and engaging the board (Will)


The Meeting was Adjourned

The meeting adjourned at approximately 11:43 am

Motion to adjourn

There was no notable discussion on the motion.