Ivy Preparatory Academy

Finance Committee

Regular Meeting - Tuesday November 9th, 2021 @7:00 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) present member On Time At Adjournment

Welcome and Call to Order

Meeting Called to Order - Committee Chair

Approval of Agenda

Approve Committee Meeting Agenda - Committee Chair

Approve the agenda as submitted

By: Ms. Kanethia Henderson (committee member) Seconded by: Victor Tate (board member)

There was no notable discussion on the motion.

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

Approve

By: Ms. Kanethia Henderson (committee member) Seconded by: Victor Tate (board member)

There was no notable discussion on the motion.

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.



The Meeting was Adjourned

The meeting adjourned at approximately 8:14 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.