Approve the agenda as submitted
There was no notable discussion on the motion.
The Main Street Academy
Finance Committee
Regular Meeting - Tuesday June 21st, 2022 @6:00 PM
Meeting Minutes
Attendance Summary
| Name | Status | Arrival Time | Departure Time |
|---|---|---|---|
| Kimnese Abdul-Salaam | present viewer | On Time | At Adjournment |
| Virginia Smith | not present ex-officio | ||
| 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.
As prented.
By: Kimnese Abdul-Salaam Seconded by: Bridgett Bell
There was no notable discussion on the motion.
Report from Finance Committee
The Finance Committee met on Tuesday May 24th, 2022 @6:00 PM for what was scheduled to be a 0 hours and 40 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. Approval of Agenda 2. Report from Finance Committee 3. Financial Review The committee considered 4 motions, of which 4 passed, and 0 failed: 1. Approve the agenda as submitted (passed) 2. Approve the agenda as submitted (passed) 3. To approve summer repair budget, not to exceed $20,000. (passed) 4. To approve mortgage debt to Fulton County retirement in full; $653,311.00 (passed) The meeting adjourned at 7:12PM
Approve as submitted
By: Ishmael Abdul-Salaam Seconded by: Kimnese Abdul-Salaam
There was no notable discussion on the motion.
Financial Review
- FY22 Budget Update
Discussed that the mortgage payoff is less than previously approved.
- FY23 Recruitment
- Personnel Retention
- Curriculum Updates
Proposal voted at ASPC to increase curriculum budget by $150K. The committee discussed the needs for this additional funding at length and supports the principal's request, but at this time will table the request in consideration of other budgetary items in flux.
- One Time Stipends
Notice received this morning that funds will be dispersed to the school, but they are not verified in our account yet. See motion to authorize Executive Director to distribute.
- PTO/Fundraiser/Facilties Update
- Voting Items
Increase curriculum budget not to exceed $450,000.
See notes.
Amend the mortgage payoff request from last month to $592,750 in lieu of $653,311.
There was no notable discussion on the motion.
Update the agenda to include another motion for Govern's Stipend distribtuion.
By: Mitch Foster II Seconded by: Bridgett Bell
There was no notable discussion on the motion.
Authorize the Executive Director to distribute the Govern's Stipend as appropriate, in consult with the principal.
By: Mitch Foster II Seconded by: Bridgett Bell
There was no notable discussion on the motion.
PTO Financials
None to discuss.
The Meeting was Adjourned
The meeting adjourned at approximately 6:40 pm
Motion to adjourn
By: Mitch Foster II Seconded by: Bridgett Bell
There was no notable discussion on the motion.