Wesley International Academy
Minutes
March Finance Committee
Date and Time
Wednesday March 19, 2025 at 9:00 AM
Location
Committee Members Present
A. Sumter (remote), J. Marshall (remote), L. Price (remote), S. Smith (remote), S. Williams (remote)
Committee Members Absent
K. Boyer, O. Okwara
Guests Present
B. Little (remote), C. Hill (remote), C. Wyatt (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
S. Williams called a meeting of the Finance Committee of Wesley International Academy to order on Wednesday Mar 19, 2025 at 9:02 AM.
C.
Approve Minutes
J. Marshall made a motion to Approve January Minutes.
L. Price seconded the motion.
The committee VOTED to approve the motion.
II. Finance
A.
Q&A for January Financials
B.
FY 26 Budget Development Updates
- 2026 will be our first year to not receive CARES/Covid funding
- For capital projects there will be 2 dates for public hearing.
- Projections will reflect enrollment numbers and move to Coan.
- More Special Ed services will be added to 2026 budget.
III. Closing Items
A.
Adjourn Meeting
J. Marshall made a motion to adjourn finance meeeting.
A. Sumter seconded the motion.
The committee VOTED to approve the motion.
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:59 AM.
Respectfully Submitted,
C. Wyatt
Lisa gives committee a chance to ask questions before she gives quick overivew of
January financials.
Compensation is 78 to 80% of our budget. Our goal is to stay within 2% of budget.