Board recordsIvy Preparatory Academy
Ivy Preparatory Academy · Finance Committee

Minutes: Regular Meeting

Tuesday, November 9, 2021 at 7:00 pm Callaway Gardens 17800 US Hwy 27 Pine Mountain, GA 31822
Approved All documents for this meeting

Attendance: 3 present

  • Attorney Kristie Battle (board treasurer)
  • Ms. Kanethia Henderson (committee member)
  • Victor Tate (board member)

  1. Welcome and Call to Order

    Meeting Called to Order - Committee Chair

  2. Approval of Agenda

    Approve Committee Meeting Agenda - Committee Chair

    Motion Carried

    Approve the agenda as submitted

    Moved by Ms. Kanethia Henderson (committee member), seconded by Victor Tate (board member)

  3. Approval of October Minutes with REVISION

    The Finance Committee met on Tuesday October 19th, 2021 @6:45 PM for what was scheduled to be a 0 hours and 42 minutes long meeting. Present: Kristie Battle, Kanethia Henderson, Dr. Charcia M. Nichols, Laticia Sharp Not Present: Victor Tate

    The members considered the following items:

    1. Welcome and Call to Order
    2. Approval of Agenda
    3. Approval of Minutes
    4. Finance Committee Work Session

    The committee considered 4 motions, of which 3 passed, and 0 failed:

    1. Meeting Called to Order (passed)
    2. Approve the agenda as submitted (proposed)
    3. Approved agenda (passed)
    4. Approved Minutes (passed)

    The meeting adjourned at 7:40PM

    Motion Carried

    Approve

    Moved by Ms. Kanethia Henderson (committee member), seconded by Victor Tate (board member)

  4. Finance Committee Work Session

    Finance Committee Remarks - Committee Chair


    Finance Updates and Work - Chief Financial Officer


    • October 2021 financial package -
    • October DE46 - uploaded
    • Atlanta Humane Society status update - gather documents and permits to start buildout
    • Camp Bow Wow status update - no new updates; remain interested in white space for pet daycare
    • Current annual giving campaign and board member giving - still in progress
    • Bond interest payment update - still in contact about bond interest rate decrease; request interest from $2 million held, no updates
    • Charter renewal update - addressed by Nichols and Falcon in Governance Committee; preparing a survey for parents, scholars, and alumnae; board member request review
    • Financial Policies and Procedures Updates - guidelines on booster club/Parent Leadership Organization even though none exist
    • FY22 Amended Budget DRAFT Review - $736,000 down based on lower than expected funding; GCSA is pressing for schools to be held harmless.



  5. The Meeting was Adjourned

    The meeting adjourned at approximately 8:14 pm

    Motion Carried

    Motion to adjourn

    Moved by Attorney Kristie Battle (board treasurer), seconded by Ms. Kanethia Henderson (committee member)