The Main Street Academy

Finance Committee

Regular Meeting - Monday January 20th, 2020 @6:00 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Cheryl Parker present member On Time At Adjournment
Kimnese Abdul-Salaam present member On Time At Adjournment
Jennifer Fine not present member
Chandra Graves not present member
Bridgett Bell present chair On Time At Adjournment
Willie G. Davis, Jr. not present member
Mitch Foster II not present member
Virginia Smith present member On Time At Adjournment

Welcome and Call to Order

The meeting was called to order at 6:18PM.

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

By: Bridgett Bell Seconded by: Cheryl Parker

There was no notable discussion on the motion.

Acceptance of Minutes


Approve the minutes from November 2019 meeting with one minor change.

By: Bridgett Bell Seconded by: Cheryl Parker

There was no notable discussion on the motion.

Financial Review

  1. FY20 Financials
  2. Banking option update
  3. Technology support request

Motion to table the technology request.

By: Bridgett Bell Seconded by: Virginia Smith

There was no notable discussion on the motion.

Approve the FY20 budget amendment as submitted.

By: Bridgett Bell Seconded by: Cheryl Parker

There was no notable discussion on the motion.

Fundraiser, Sponsorship, & Grant Updates

  1. Discussed the 21st Century grant to fund the summer school program.

PTO Financials

Not presented.

Facility Improvements

  1. Capital improvement grants update
  2. Interior and exterior lights are complete
  3. Fence and gate updates are complete
  4. $40,000 is available to start the basement project.

Future Business

  • Resurface tennis courts, football/track field, baseball field, and courtyard (discuss artificial turf or pavers).
  • Activity vans for small groups.
  • Remodel the conference room and library.
  • Funding for additional expenses for summer school 2020.
  • FY21 Contracts and Budget
  • Pay down note on HVAC

The Meeting was Adjourned

The meeting adjourned at approximately 7:09 pm

Motion to adjourn

There was no notable discussion on the motion.