The Main Street Academy

Finance Committee

Regular Meeting - Tuesday May 24th, 2022 @6:00 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Kimnese Abdul-Salaam present member On Time At Adjournment
Virginia Smith present ex-officio On Time At Adjournment
Bridgett Bell present member On Time At Adjournment
Mitch Foster II present chair On Time At Adjournment
Laura Calloway not present member
Brittany Dunn not present member
Tequila Douglas not present Non-voting Administration
Ishmael Abdul-Salaam present member On Time At Adjournment
Dr. Kimberly Walker-Browner present member On Time At Adjournment
Dr. Chad Owes not present member

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.


Location: https://us06web.zoom.us/j/2200364805?pwd=eXVnV1JEV0xYbFAwUTRiS0FOT2oydz09

Approve the agenda as submitted

By: Mitch Foster II Seconded by: Dr. Kimberly Walker-Browner

There was no notable discussion on the motion.

Report from Finance Committee

The Finance Committee met on Tuesday April 19th, 2022 @6:00 PM for what was scheduled to be a 0 hours and 51 minutes long meeting. Present: Kimnese Abdul-Salaam, Virginia Smith, Bridgett Bell, Mitch Foster II, Ishmael Abdul-Salaam, Kim Walker Not Present: Laura Calloway, Brittany Dunn, Tequila Douglas

The members considered the following items:

  1. Welcome and Call to Order
  2. Approval of Agenda
  3. Minutes Summary from March 22, 2022
  4. Public Comment

The committee considered 3 motions, of which 2 passed, and 0 failed:

  1. Approve the agenda as submitted (passed)
  2. Approve proposed FY22/23 budget (tabled)

  3. Approve minutes as submitted. (passed)

    The meeting adjourned at 8:28PM

Approve the agenda as submitted

By: Mitch Foster II Seconded by: Dr. Kimberly Walker-Browner

There was no notable discussion on the motion.

Financial Review

  • FY22 YTD Budget Updates
  • Closing is around the corner. We are well prepared to close and commence the audit.
  • FY23 Recruitment Plans
  • 19 Openings remain. Continue to offer EE referral, and attending recruitment.
  • Special Education Work Days
  • Required additional training for teachers.
  • One-Time Stipends
  • Awaiting Fulton County to approve a lump sun.
  • ASP Planning and Other Updates
  • Rates resume as agreed in January for the next term.
  • Maintaining vendor relationship with Janitorial service.
  • Discussed Additional Facilities repairs for the summer.
  • PTO Financials
  • No presentation today.
  • Voting & Closing Items

To approve summer repair budget, not to exceed $20,000.

By: Mitch Foster II Seconded by: Dr. Kimberly Walker-Browner

There was no notable discussion on the motion.

To approve mortgage debt to Fulton County retirement in full; $653,311.00

By: Mitch Foster II Seconded by: Kimnese Abdul-Salaam

There was no notable discussion on the motion.

The Meeting was Adjourned

The meeting adjourned at approximately 7:13 pm

Motion to adjourn

By: Mitch Foster II Seconded by: Virginia Smith

There was no notable discussion on the motion.