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Meeting ID: 915 012 8622

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    +1 929 205 6099 US (New York)

Welcome and Call to Order

The meeting was called to the order at 7:08 PM.

Public Comment

Our Public Comment period is for members of the public to address the board. Each member of the public may sign up to comment at the meeting, and will be allotted two minutes. The board will listen, but may not directly respond to any comments. Our meetings are open to the public and public record. As such, if your comment is about a private matter, please contact the board via email, or speak to the board chair privately.

Approval of Minutes from Jun 30, 2020

Approval of Minutes from Jul 10, 2020

Faculty Report

The faculty thanked the board, principal Parker and the admin team for providing lunch for their return to the school.

Academic & School Performance Committee Report

1. The committee did not meet and their report is included with the principal report.
2. A request was made to submit an end of year wrap up for school year 19-20 academic school year during the August 20 board meeting.

Principal Report

The school leader reports on the status of the school.

Recommendation for TMSA to remain virtual for the first scholastic quarter (August 11 - October 9). This proposal is slightly different than Fulton County's phase into face-to-face matrix. 

1. TMSA Reopening Plan Revised

Finance Committee Report

1. Discuss the FY19-20 budget and FY20 Audit.
2. Discuss the fiscal year 20-21 budget including a $9,000 increase in funding from Fulton Co.
3. The Service Fort - Price increase review
4. Distance Learning - staff changes
5. Facilities grant update
6. Basement renovation update

Executive Summary: Focus on PPP tracking, Covid impact on FY20/21, basement renovation

Challenges: None.

Recommendations: None.

1 Financial Statements - Monthly budgeted income is $741k and our actual income is $656k. The main reason for being below budget is the ASP and SNP refunds as well as decrease in fundraising due to school closure. - Monthly budgted expense is $890k and our actual expenses are $597k. The main reason for being below budget is the decrease in curriculum, student activities, and security due to school closure. - Monthly budgeted net deficit is ($149k) and our actual surplus is $59k. Due to school facility closure, the reduction in monthly operational expenses contributed heavily to the additional budget surplus. - YTD budgeted net surplus is $278k, and our actual surplus is $491k. Net surplus is above budget budget mainly due to additional revenue from E-rate & Connections for classrooms

2 Budget -

3 Cash Flow - Cash bal. is $4.7M which is 220 days cash on hand and 12 months of expenses for this fiscal year at this time based on SCSC calculations. - Based on our prior 12 months of expenses, we have 220 days cash on hand. 

4 Debt - $987,800 PPP Loan funded May 13th, and currently recognized as short-term liability until loan waiver is issued.

5 System - NA

6 Banking - NA -

7 Others (Audit)

Communications Report

This report is submitted by the communications chair.

President’s Report

This report is made by the governing board President.

Governance Committee Report

1. Board election

Future Business

This is to add new business to next month’s agenda.

The Meeting was Adjourned

The meeting adjourned at approximately 9:13 pm