Ivy Preparatory Academy

Finance Committee

Regular Meeting - Tuesday June 24th, 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
Ms. Leslie Purifoy Plunkett (board secretary) present member On Time At Adjournment

Welcome and Call to Order

Meeting Called to Order - Committee Chair

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

Budget Updates - CFO


  • 2024-2025 Enrollment:
  • Budget - 449
  • Current Funding - 431
  • Actual as of May 27, 2025 - 414
  • 2025-2026 Enrollment Target - 425 (budget projected - 412)
  • Completed enrollment - 396
  • Undecided - 17
  • No Response - 4
  • Property Taxes (Tenant Responsibility) - Tenants are solely responsible for the property taxes.
  • Badon Commercial will be reaching out to the tenants. (LIV Fitness and Kirkwood Family Medicine)
  • Grady Lease Proposal
  • Review the final draft of the FY25 Amended Budget and the FY26 Proposed Budget






The Meeting was Adjourned

The meeting adjourned at approximately 5:13 pm

Motion to adjourn

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

There was no notable discussion on the motion.