Atlanta Neighborhood Charter School
Minutes
Finance and Operations Committee Meeting
Date and Time
Tuesday January 18, 2022 at 12:00 PM
In accordance with Georgia's open meetings requirements, notice of this meeting has been posted at both campuses and on the ANCS website.
Committee Members Present
Ben Sutton (remote), Emily Ormsby (remote), Irina Brimmell (remote), Jerry Hanes (remote)
Committee Members Absent
Cory Tiede
Guests Present
Arnold Pierce (remote), Chuck Meadows (remote), Markecia Jacbos (remote), Martha Kessenich (remote), Paige Teusink (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
Emily Ormsby called a meeting of the Finance & Operations Committee of Atlanta Neighborhood Charter School to order on Tuesday Jan 18, 2022 at 12:05 PM.
C.
Approve December 13, 2021 Meeting Minutes
Ben Sutton made a motion to approve the minutes from Finance and Business Operations Committee Meeting on 12-13-21.
Irina Brimmell seconded the motion.
The committee VOTED unanimously to approve the motion.
II. Business & Operations Update
A.
Update Financial Resolution with New MC Principal and New Mortgage Info
Emily presented suggested revisions. All were in agreement with changes. Revised resolution to be presented at full board meeting for vote.
B.
Revised FY22 Budget
Chuck presented the revised budget noting that it incorporates the changes discussed during the December 13, 2021 Committee meeting.
The Committee is ready for Chuck to present the revised budget presentation during the Finance and Operations portion of the board meeting on January 20. The Committee will recommend a vote to approve the amended budget.
C.
Financial Performance Update
Jerry presented the December financial report and noted that next month's report will utilize the amended budget should it be approved by the Board during the January 20 meeting.
D.
Annual Charter Financial Performance
The Business Office will add the metrics included in the Annual Charter Financial Performance section of the school's charter to a tab in the monthly Financial Performance Update.
E.
Student Accident Insurance Policy
Chuck led discussion of a potential Student Accident Insurance Policy. The Committee asked Chuck to use his judgement to decide if it would be beneficial to add to the school's insurance portfolio. Chuck is inclined to refrain from adding this policy.
F.
Investment Options
The Committee decided to add an investment discussion to the Board Retreat agenda on January 22. Each board member will be ask to complete a risk appetite questionnaire. Prior to the Retreat, the Busines Office will determine how much cash is available for investment.
G.
Facilities and Grounds
EC campus retaining walls almost complete.
Trees Atlanta planting on 1/29 at MC.
HEPA filter install complete and received positive feedback.
III. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 1:05 PM.
Respectfully Submitted,
Emily Ormsby
Documents used during the meeting
- Financial_Resolution_FY22_Revised 20210817.docx
- Proposed Budget Revision FY 21-22 v9.xlsx
- 12_31_21 Finance Committee Report FY22 DRAFT v3.xlsx
- image (1).png
- risk-tolerance-questionnaire.pdf