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 6:13pm - Committee Chair

Approval of Agenda

Approve Committee Meeting Agenda - Committee Chair

Public Comment

Public Comments - Committee Chair NO COMMENTS

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.

Finance Committee Work Session

FINANCE Committee Remarks

• Welcoming new members: Attorney Battle welcome Mrs.Tonye Durr to the finance committee.
• Member giving: Attorney Battle expressed the importance of having 100% board giving participation. She reiterated the $1,500 annual giving commitment from each board member, recommending $125 monthly payments.

FINANCE Committee Member Work

• Bond update A Comer Capital deliverables status update was given related to the strategic plan meeting to eliminate the debt by January 1, 2024 attended by Dr. Nichols, Attorney Battle and Mrs. Sharp. At the time of the meeting, Mrs. Sharp was waiting to hear back from Mr. Comer on next steps.
• Update on RDIA The committee discussed a possible committee member from United Way (Ms. Taylor). Mrs. Durr suggested ALTA as possible sponsorship for the tennis team. Attorney Battle spoke of an established relationship with a sports apparel company that may be interested in sponsoring uniforms for the school’s athletic teams.  
• Finance update Mrs. Sharp shared the FY21 CPF Results. Mrs. Sharp shared the FY23 Approved Budget with new committee members.
• Property Updates Mrs. Sharp shared that the white space was almost cleared out in preparation for the Camp Bow Wow lease that will bring in approximated $108K annually
• Annual Fundraising Events The committee discussed several annual fundraising events culminating with an end-of-year gala.

1. Annual Gala to include a silent auction and art gallery of scholar work. Other revenue generators would include ticket sales and table sponsors.
2. Tea and Golf Tournament
3. Showcase for sale Christmas wreaths created by scholars 
4. Seek sorority and fraternity partnerships and sponsorships

Information Items

RDIA Committee Meeting: Tuesday, July 19, 2022 at 6:00 p.m.

Submitting Items for July 26 Governing Board Meeting: July

18, 2022, 12pm (Agenda to be posted July 20, 2022)

Governing Board Meeting: Tuesday, July 26, 2022, at 6:00 pm

Academic Committee Meeting: Tuesday, August 16, 2022 at 6:00 p.m.

The Meeting was Adjourned

The meeting adjourned at approximately 12:54 am