Ivy Preparatory Academy Finance Committee Meeting Information

LOCATION: Committee meetings are held at Ivy Preparatory Academy at Kirkwood, located at 1807 Memorial Drive, SE Atlanta, GA 30317.

AGENDA: Committee meeting agenda items are scheduled to be considered as noted in this agenda; however, agenda items may be taken out of the order presented on the agenda at the discretion of the chair. 

ACCOMODATIONS: Reasonable efforts will be made to assist and accommodate persons with a disability. Please contact Dr. Charcia Nichols at 404-622-2727. Request should be made as early as possible to arrange the accommodations, no later than 24 hours prior to the meeting.

PUBLIC COMMENTS: The Public Comment time period is for the public to address the Committee. Those who wish to speak must sign-up before the start of the meeting. Speakers may have up to three minutes to speak. 

Welcome and Call to Order

Meeting Called to Order at 6:56pm - Committee Chair

Approval of Agenda

Approve Committee Meeting Agenda - Committee Chair

Public Comment

Public Comments - Committee Chair

Transparency: Committee meetings are a public forum to provide transparency into the governance of the school. Engagement from the community is strongly encouraged and vital to that governance.

Time Limit: A total of 30 minutes shall be set aside for public comment. Each speaker will have a maximum of 3 minutes to speak. A speaker may not sign up to speak more than once during the same public comment period.

Board Action: Committee members shall not provide responses nor engage in direct conversation with speakers during public comments. The committee will bring the matter to the board to engage the Head of School or the Chief Financial Officer in responding at a later time as necessary and appropriate.

Civil Discourse: Speakers are encouraged to maintain decorum and present their comments in a civil manner. The committee reserves the right to request any speaker engaging in personal attacks, or the use of obscene or derogatory language, to restate their position in a manner more appropriate for a school environment.

NO PUBLIC COMMENTS

Finance Committee Work Session

Finance Committee Remarks - Committee Chair

Committee Member Work

1. Reviewed the FY22 Amended Budget and the FY23 Proposed Budget in more detail. Members will continue reviewing independently and forward any questions, suggestions or changes.

2. The finance committee has agreed to change the monthly meeting time to 6:00pm on the second Tuesday of the month.

3. Briefly touched on the RDIA committee and how it should move forward.

4. Discussed the possibility of changing healthcare provider and providing a $300 subsidy to offset cost of insurance.

5. Updated committee on FY23 enrollment as of the meeting date.

6. Provided recent updates of conversations regarding refinancing of the bond with Brandon Comer of Comer Capital.

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Items to be included in the May 24, 2022 board meeting agenda:

• Approval of the following policies: (1) Parent Leadership Organization (PLO)/Booster Club; (2) Grants Financial Management; and (3) Board Member Travel.

• Approval of the FY22 Amended Budget and the FY23 Proposed Operating Budget.

Items to be included in the June 14, 2022 finance committee meeting agenda:

• Discuss RDIA committee

• Discuss plans for annual fundraising events.

• Discuss updates and action items for the bond.

Information Items

Submitting Items for June 14 Governance, Academic, and Finance Committee Meetings: June 6, 2022, 12pm (Agenda to be posted June 8, 2022)

Governance Committee Meeting: Tuesday, June 14, 2022, at 6:00 pm

Academic Committee Meeting: Tuesday, June 14, 2022, at 6:45 pm

Finance Committee Meeting: Tuesday, June 14, 2022, at 6:45 pm

Submitting Items for June 28 Governing Board Meeting: June

20, 2022, 12pm (Agenda to be posted June 22, 2022)

Governing Board Meeting: Tuesday, June 28, 2022, at 6:00 pm

The Meeting was Adjourned

The meeting adjourned at approximately 10:54 am