Westside Atlanta Charter School

Finance Committee

March Finance Meeting - Friday March 7th, 2025 @7:00 AM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Chris Tuten present member On Time At Adjournment
Pamela Tanner present secretary On Time At Adjournment
Jessica Weissinger present chair On Time At Adjournment

Finance Committee Meeting

Finished the month of February 2025 above budget expectations by 17K MTD and 335K above budget expectations YTD. MTD 38K unrealized gain on cash and investment accounts; annual fund donations of 20K; 15K above expectations in total expenses; YTD Interest earned an unrealized gain on investments 31K Annual giving 52K. Charter school supplement 41K. Create Grant offset 42K and security grant funds of 42K. As of February 2025, our market value on investments is 1,020,148K on a 1,000,000 investment. Gain of 10K for the month. Gain of 39K YTD. Also discussed: federal program buy-back, transportation allocations, and adjusted QBE Allocation resulting in a reduction of monthly payments to us by APS.

The Meeting was Adjourned

The meeting adjourned at approximately 7:47 am

Motion to adjourn

There was no notable discussion on the motion.