Approve the agenda as submitted
There was no notable discussion on the motion.
Ivy Preparatory Academy
Finance Committee
Regular Meeting - Tuesday February 25th, 2025 @5:00 PM
Meeting Minutes
Attendance Summary
| Name | Status | Arrival Time | Departure Time |
|---|---|---|---|
| Mrs. Laticia Sharp (NON-voting; Chief Financial Officer) | present ex-officio | On Time | At Adjournment |
| Ms. Heather Gaylord | present member | On Time | At Adjournment |
| Dr. Tunisia Cornelius (Board Member) | present chair | On Time | At Adjournment |
| Dr. Tunisia Cornelius (Community Member) | present chair | On Time | At Adjournment |
Approval of Agenda
So that there is agreement between board members on the agenda, and the amount of time spent on the meeting, the board shall vote to approve an agenda for the meeting. To the best of its ability, it will follow that agenda, and allow for the chair to move the board through the agenda as specified.
Motion to approve the agenda as submitted.
By: Dr. Tunisia Cornelius (Board Member) Seconded by: Mrs. Laticia Sharp (NON-voting; Chief Financial Officer)
Unanimous
Welcome and Call to Order
Meeting Called to Order - Committee Chair
Meeting called to order at 5:38pm
Finance Committee Work Session
CFO Updates
- 2024-2025 Enrollment Budget - 449; Actual as of 02/24/25 - 424
- 2025-2026 Target - 449
Re-enrollment as of 02/14/25
- Yes: 314 (Siblings: 14)
- No: 5
- Undecided: 23
- Lottery applications ended on 02/21/25
- Acceptance letters will be emailed the 1st week of March 2025
2025-2026 Employee Contracts have been distributed
Surety Bond/LOC Update
Review of 2023-2024 Comprehensive Performance Framework (CPF) results
Review of first draft of FY25 Amended Budget
Property Taxes (Tenant Responsibility)
Policy Review
N/A
Adjournment
Meeting Adjourned - Committee Chair
Motion to adjourn at 6:00pm
By: Dr. Tunisia Cornelius (Board Member) Seconded by: Mrs. Laticia Sharp (NON-voting; Chief Financial Officer)
Unanimous
The Meeting was Adjourned
The meeting adjourned at approximately 6:04 pm
Motion to adjourn
By: Dr. Tunisia Cornelius (Board Member) Seconded by: Mrs. Laticia Sharp (NON-voting; Chief Financial Officer)
There was no notable discussion on the motion.