Ivy Preparatory Academy

Finance Committee

Regular Meeting - Tuesday March 25th, 2025 @5:30 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 not present member
Dr. Tunisia Cornelius (Board Member) present chair On Time At Adjournment
Ms. Leslie Purifoy Plunkett (board secretary) present member On Time At Adjournment

Welcome and Call to Order

Meeting Called to Order - Committee Chair at 5:37 pm

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.

Approve the agenda as submitted

There was no notable discussion on the motion.

Finance Committee Work Session

CFO Updates

2024-2025 enrollment

  • Budget - 449
  • Actual (as of 03/24/25) - 417

2025-2026 enrollment target - 449

  • FY26 enrollment (as of 03/24/25) 346

Review first draft of FY25 Amended Budget and FY26 Proposed Budget


Property taxes (tenant responsibility) - still awaiting details







Policy Review

N/A


The Meeting was Adjourned

The meeting adjourned at approximately 6:09 pm

Motion to adjourn

By: Dr. Tunisia Cornelius (Board Member) Seconded by: Ms. Leslie Purifoy Plunkett (board secretary)

There was no notable discussion on the motion.