Atlanta Smart Academy
Minutes
Finance, Facility, Development, and Strategic Partnership Committee Committee Meeting
Date and Time
Monday August 11, 2025 at 5:30 PM
Location
Ivan Lee, CPA is inviting you to a scheduled Zoom meeting.
Topic: Finance, Facility, Development, and Strategic Partnership Committee Committee Meeting
Time: Aug 11, 2025 05:30 PM Eastern Time (US and Canada)
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Meeting ID: 899 0658 0815
Passcode: 756321
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Meeting ID: 899 0658 0815
Passcode: 756321
Find your local number: https://us06web.zoom.us/u/kbamEYjb8C
Committee Members Present
A. Bruce (remote), A. Kennedy (remote), I. Lee (remote), P. Meadows (remote)
Committee Members Absent
L. Holt
Guests Present
W. Newman-Johnson
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance, Facility, Development, and Strategic Partnership Committee
A.
Review ASA Finance Calendar
- The committee reviewed upcoming dates and deadlines and noted the following:
- DE46 Submission:
- Prestige is working on the DE 46 submission due on the 22nd and plans to submit it this week to check for errors.
- Status of audit:
- Prestige is still working with Bambo to complete the audit. Audit should be complete with the next couple of weeks.
- DE46 Submission:
B.
Review July Preliminary Financials
- Prestige presented the July Financials to the committee and noted the following:
- Balance Sheet:
- AP balance is pretty high. Committee chair Ivan L noted that we need to work with Prestige to get this back down.
- Income statement:
- All revenue and expense line items had 91-92 percent in the budget remaining column. This is in line with our expectation.
- Committee chair Ivan L. did call out the redemption of principal line item. as it was the only one that looked out of line.
- Balance Sheet:
C.
Review policies and by-laws
- The committee reviewed the board commitment letter to ensure that the updated give-get contribution was included.
- The committee also agreed to review the procurement policy to ensure the bidding system was properly documented in the policy. Ivan L. said that this policy would be discussed at the next committee meeting.
III. Other Business
A.
Committee Updates
No updates noted.
B.
Updates from School Leader
- ED Meadows noted that she is working with Prestige to clear the outstanding AP balance.
- ED Meadows also mentioned a new free giving platform that the school may use in the future to help fundraise.