Ivy Preparatory Academy

Finance Committee

Regular Meeting - Tuesday October 19th, 2021 @6:45 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Attorney Kristie Battle (board treasurer) present chair On Time At Adjournment
Ms. Kanethia Henderson (committee member) present member On Time At Adjournment
Victor Tate (board member) not present member
Dr. Charcia M. Nichols (NON-voting; Executive Director) present Non-voting Administration On Time At Adjournment

Approval of Minutes

Approve Committee Meeting Minutes - Committee Chair


The Finance Committee met on Tuesday September 14th, 2021 @6:45 PM for what was scheduled to be a 0 hours and 51 minutes long meeting. Present: Laticia Sharp, Kanethia Henderson, Kristie Battle Not Present: Victor Tate, Dr. Charcia Nichols, Tony L. Burks, Ed. D. The members considered the following items: 1. Welcome and Call to Order 2. Finance Committee Work Session The committee considered 0 motions, of which 0 passed, and 0 failed: The meeting adjourned at 8:12PM

Approved Minutes

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

There was no notable discussion on the motion.

Finance Committee Work Session

Budget and Finance Updates

  • FY22 Budget is forthcoming for review within a week.
  • Atlanta Humane Society is awaiting SNDA from the bondholder, lease will begin once permits are received or 90 days after lease is executed.
  • Camp Bow Wow is still in negotiations; held firm on pricing and escalation.
  • Charter Renewal conversation about extending attendance zone to include Clayton and Fulton counties, adding high school credit courses, recruitment ideas to build a waiting list, and developing a realistic debt-reduction plan to address the bond.
  • Annual Campaign update from Derrick Hill, Director of Resource Development is forthcoming. Attorney @Kristie Battle referenced communication from Mr. Hill. Member @Kanethia Henderson discussed Giving Tuesday.


Financial Policies and Procedures Updates

  • Third Reading Three Policies: Board member Travel policy, Grants Financial Management policy, and Parent Leadership Organization.


Commendation

  • 100% board member giving September 2021



The Meeting was Adjourned

The meeting adjourned at approximately 7:40 pm

Motion to adjourn

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

There was no notable discussion on the motion.