Ivy Preparatory Academy

Finance Committee

Regular Meeting - Tuesday May 14th, 2024 @6:00 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Ms. Leslie Purifoy Plunkett (board secretary) present member On Time At Adjournment
Attorney Kristie Battle (board treasurer) not present chair
Dr. Tunisia Cornelius (Community Member) present member On Time At Adjournment
Mrs. Laticia Sharp (NON-voting; Chief Financial Officer) present ex-officio On Time At Adjournment

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 in Art Room.

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 should an accommodation be needed. Requests should be made as early as possible to arrange the accommodations, no later than 24 hours prior to the meeting if practicable.

PUBLIC COMMENTS: The Public Comment 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. 

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.




ADJOURNMENT

Welcome And Call To Order

Call Meeting to Order - 6:06pm by Leslie Plunkett, Committee Member

FINANCE WORK SESSION

Updates from CFO

  • Camp Bow Wow update - terminate agreement settlement
  • Charter Extension: bond refinance contingency was waived and two-year charter extension was granted
  • Property management renewal agreement has not been finalized
  • New PA system: met with vendor to determine financing options. They have sent a capital and operating lease for the school to review.
  • 2024-2025 enrollment update as of 05/09/24
  • FY25 current enrollment (456)
  • Re-enrollment (355)
  • New Scholars (94)
  • New Siblings of Returning (7)
  • Budget(s) review
  • FY24 Amended Budget
  • FY25 Proposed Budget




The Meeting was Adjourned

The meeting adjourned at approximately 6:49 pm

Motion to adjourn

By: Ms. Leslie Purifoy Plunkett (board secretary) Seconded by: Mrs. Laticia Sharp (NON-voting; Chief Financial Officer)

There was no notable discussion on the motion.