Summit Academy Charter School
Minutes
March Board Meeting
Date and Time
Tuesday March 18, 2025 at 6:00 PM
Trustees Present
A. Murray, A. Young (remote), C. McCants, D. Sleet, D. Tomlinson (remote), K. Montgomery, M. Bernard
Trustees Absent
J. Hartley
Guests Present
Jacqueline McDonald (remote), Jonathan Barger (remote), T. Price
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
K. Montgomery called a meeting of the board of trustees of Summit Academy Charter School to order on Tuesday Mar 18, 2025 at 6:18 PM.
C.
Approve Minutes
M. Bernard made a motion to approve the minutes from February Board Meeting on 02-25-25.
A. Murray seconded the motion.
The board VOTED unanimously to approve the motion.
II. Academic Excellence
A.
Principal's Report
III. Finance
A.
February Unaudited Financials
Balance Sheet
- Cash in is about 152 days
- $1.7 million in the operating account
- $1 million in interest bearing account
- $148,000 in accrued liabilities
PNL
- $906,000 received earlier in the month
- Recognized $4.8 million in revenue year to date
- Deficit expected at $440,000
- Check from the IRS for a program applied in 2023 $68,000; expect a second check that will not come until later in the year
- Title II funding went up due to adjustment
- At 67% utilization, expenses at 62%
- There is a buffer but we will continue to monitor the expenses to update the board
Cash Flow Projection
- Cash flow looks strong; anticipate ending the year with 78 days of cash on hand
- Large deposit in April and then in July
The board should approve the 990 as is. It will be submitted to meet the deadline.
- The finance team will begin working on the budget for the coming school year. Plan to share the first draft by the next board meeting.
2-3 seniors who need the extra push to graduate on time.
At least one senior will not meet seat time to graduate on time.
IV. Committee Reports
A.
Governance
Assessing the board
- to feed the direction of board training for the remainder of the year
- Kenneth and Cynthia met with Board on Track to create a plan for training
- Cynthia to give board recommendations based on assessment data
Board Membership
- On-boarding process must be tightened up as we have new a candidate in the pipeline and Dr. Sleet needs to formally go through on-boarding
- On-boarding to include history of the school and the evolution of the board to meet the conditions in the renewal
- Awaiting approval from the DOE
B.
Academic Achievement
Figure out approach or pipeline to recruit new scholars.
- Pivoting away from migrant populations
- Using celebrations to identify new students
C.
Development/Fundraising
Development Committee will meet to discus the gala as a formal fundraising event
- What is the goal for the event?
- How do we plan to reach the goal?
- Projection for next year's event
V. 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 7:00 PM.
Respectfully Submitted,
A. Murray
K. Montgomery made a motion to adjourn at 7:00pm.
A. Murray seconded the motion.
The board VOTED to approve the motion.
Celebrations
Vacancies
Enrollment to date
February
March
Marketing
Mock Renewal Follow-up
On Tuesday, February 11th we were visited by New York Schools Charter Association for a mock renewal visit. They spoke with leadership and observed many of our classrooms. Here are the areas of growth and the next steps that leadership followed through on:
Areas of Growth
We have weekly data meetings with instructional leadership to recap on trends in classroom, reinforce support for teachers during instruction, provide in the moment coaching to promote immediate change, etc.
Lavinia and ANET Partnership Meeting
The Summit leadership team met with our representatives from ANet and Lavinia to plan out strategic steps to work with teachers on. During that time we identified key areas of growth for all parties and discussed the following:
Next partnership visit: March 24th