Ivy Preparatory Academy

Finance Committee

Regular Meeting - Tuesday September 14th, 2021 @6:45 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Victor Tate (board member) not present member
Dr. Charcia M. Nichols (NON-voting; Executive Director) not present Non-voting Administration
Mrs. Laticia Sharp (NON-voting; Chief Financial Officer) present Non-voting Administration On Time At Adjournment
Ms. Kanethia Henderson (committee member) present member On Time At Adjournment
Dr. Tony Lamair Burks II (NON-voting; Governance Specialist) not present Non-voting Administration
Attorney Kristie Battle (board treasurer) present chair On Time At Adjournment

Welcome and Call to Order

The meeting was called to the order by Kristie Battle at 7:45 p.m. - Finance Committee Chair

Finance Committee Work Session

  • SCSC Monitoring visit scheduled for October 3, 2021
  • Review CBW proposal: Mrs. Latricia Sharp reviewed the prosposal with the committee. The prosposal will be provided to all Board Members for their review and more discussion will occur during the board meeting.
  • AHS update: Animal Humane Society. The deposit has been paid and they are underway to start the build out.
  • Discuss roll-out plan for Annual Fundraising Campaign: Mrs. Sharp presented the roll-out plan and will provide the presentation to the entire board.
  • Discuss FY22 Amended Budget: In the process of amending the budget for adjustments to reflect the current QBE funding. Recieve email that bond will be reduced.
  • Review FY21 Annual Audit Report: Mrs. Sharp reviewed the audit and pointed out that we had a unmodified opinion and no material weakness and significant deficiencies identified.
  • Review revised financial policies: PLO, Grants Financial Management and Board Member Travel:Mrs. Sharp will upload all policies into the google drive for review by the board. Questions will be answered during board meeting.




The Meeting was Adjourned

The meeting adjourned at approximately 8:12 pm

Motion to adjourn

By: Attorney Kristie Battle (board treasurer) Seconded by: Ms. Kanethia Henderson (committee member)

There was no notable discussion on the motion.