The Main Street Academy

Finance Committee

Regular Meeting - Tuesday January 23rd, 2018 @6:00 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Dr. DeAndre S. Pickett not present
Tony Morrison present On Time At Adjournment
Jennifer Fine present On Time At Adjournment
Erin Rodgers present On Time At Adjournment
Cheryl Parker present On Time At Adjournment
Virginia Smith present On Time At Adjournment
Bianca Motley Broom not present
Laura Calloway not present

Welcome and Call to Order

The meeting will be called to the order, beginning with the pledge of allegiance.

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.

Approval of Minutes

Approve of Minutes from August, September, and October meetings.

Approve of Minutes from August, September, and October meetings.

By: Jennifer Fine Seconded by: Erin Rodgers

There was no notable discussion on the motion.

Review of FY18 YTD Financials July-Dec 2017

  • Candy Yu Reviewed and discussed.
     a. Candy is working on the 1099's and will get them mailed out this month.
         i. Expenses are in line with the budget with surplus of $28K due to SNP income. 
         ii. Reviewing reports with Admin for better access to reports. 
         iii. Candy is requesting Financial 101 Training for all management and board members.
          iv. TRS - working on reconciliation and target plan for Board.
          v. Virginia has requested the committee to review current payroll services due to lack of services from current vendor. Proposal to accept previous bidder - Paycor- Committee requested proposal for the board with prices for comparisons to review for approval. 

Fundraising & Grant Updates

  • Silent Auction - March 3rd. Everyone is encouraged to attend. Funds will be used to improve restrooms. 
  • 5K/10K Walk/Run - May 5th 

Facility Improvements

  • HVAC - Action Item: Ask Chris with Comfort Systems if there is a need for bypass system to repair without affecting others. 
  • Facility Projects - Restroom: Get quotes on hand dryers for restrooms. 

PTO Financial Updates

  • Tara Freeney, PTO Treasurer, gave upcoming fundraiser events and will provide budget at future meeting.

The Meeting was Adjourned

The meeting adjourned at approximately 7:54pm

Motion to adjourn

By: Virginia Smith Seconded by: Cheryl Parker

There was no notable discussion on the motion.