The Anchor School
Minutes
Finance Committee Meeting
Date and Time
Tuesday August 18, 2026 at 7:00 PM
Location
https://meet.google.com/izf-kfvs-wbn
Committee Members Present
A. Pressey (remote), B. Hines (remote), S. Kollu (remote), T. Winston (remote)
Committee Members Absent
None
Guests Present
J. Pinto Taylor (remote), V. Thompson (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Head of School Updates
A.
Enrollment Report
B.
Line of Credit
- No draws since last meeting
- Currently $145k out of $150k has been drawn down
- Working with Brittany to create a plan to repay it
C.
School Facilities Update
- All permits and inspections were done
- All projects are done
- Awaiting certificate of occupancy but can be occupied by students
- Next phases will be discussed this week with contractors
D.
Fiscal Policy Handbook
- Approved and distributed last meeting to board and Edtec
E.
Peach Tax Credit Program
- Application due September 1st
- Being apart of this program will give donors of the Anchor School 100% tax credit
F.
Secure Deposit Program
- Softstate Bank automatically enrolls us in this program
- Dr. PT will email the bank to confirm we are enrolled
- Will follow up next meeting to confirm
G.
Bond Report
- Dr. PT will reach out to insurance provider to ensure we are still enrolled
- Will follow up next meeting to confirm
H.
Audit Update
- Audit is currently in process (60-70% completed), should be done by September 30th
I.
Teacher Pathways Framework Affordability Analysis
- Dr. PT is investigating whether this is feasible financially
- Currently only 3 teachers qualify but every year teachers would become eligible
- Finance committee to review in September, then take it to the board in October
- Losing talent because of low pay scale
J.
Updated Payscales
- Add T scales
- Notes from "teacher pathways framework affordability analysis"
III. Monthly Financial Review & Budget
A.
July Financial Updates & SCSC Dashboard
- No financial updates as of now, will discuss next month
- July & August will be discussed next month
B.
Review DE046 - Financial Analysis Report
- Submitted today (8/18/26) within the deadline of 8/21
IV. Other Business
A.
Strategic Planning
- Sync with Morgan to discuss this
- Create an plan document by Feb 2027
- Continue to discuss this in the committee
- Create a near term, short term and long term plan of action
B.
Free Teacher Housing Presentation
- Program will present to the board on program on incentives
- Will present in the November finance committee
Currently numbers for enrollment:
- 60 6th
- 70 7th
- 90 8th
- 90 9th, high school is full
310 currently, target 345