Board recordsIvy Preparatory Academy
Ivy Preparatory Academy · Finance Committee

Minutes: Regular Meeting

Tuesday, January 12, 2021 at 7:40 pm 1807 Memorial Dr.
Approved All documents for this meeting

Attendance: 2 present · 1 absent

  • Mrs. Laticia Sharp (NON-voting; Chief Financial Officer)
  • Victor Tate (board member)
  • Dr. Charcia M. Nichols (NON-voting; Executive Director) · not present

  1. 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).

  2. 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)

     




  3. The Meeting was Adjourned

    The meeting adjourned at approximately 11:43 am

    Motion Carried

    Motion to adjourn