The GLOBE Academy

Finance Committee Meeting

FY 26-27 budget proposals & 990 update & lawsuit payment update

Date and Time

Friday April 24, 2026 at 8:00 AM EDT

Location

UC and Google Meet

Vision, Mission and Core Values
Vision: To develop globally minded citizens who have the knowledge, skills, and attitudes to effect positive change in our world.
Mission: The GLOBE Academy fosters Global Learning Opportunities through Balanced Education for children of all backgrounds. With a focus on dual-language immersion, an experiential-learning model, and a constructivist approach, GLOBE inspires students to be high- performing lifelong learners equipped to make a positive impact in the world.
Core Values: The GLOBE Academy’s core values are expressed in the acronym, CREST: Community, Respect, Empathy, Sustainability and Trust. These values are expected of the governing board, faculty, staff, parents, and students. They are woven into daily life at GLOBE and incorporated into the curriculum.
 Community: We are inclusive, and we nurture and support one another.
 Respect: We treat ourselves and each other with kindness and dignity.
 Empathy: We strive to understand and share the feelings of others.
 Sustainability: We aim to conserve our resources for optimal use in the present and future.
 Trust: We are committed to honesty, transparency, and respectfully sharing our thoughts and encouraging others to do the same.

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 8:00 AM
  A. Record Attendance   Stephen Ellis 1 m
  B. Call the Meeting to Order   Adrienne McMillon 1 m
II. Monthly Financial Review & Lawsuit Update 8:02 AM
  A. March 2026 Financial Review FYI Denise Clayton-Purvis 8 m
   
  • Budget to Actual 
  • Statement of Net Position 
  • Statement of Activities
  • Whats the status of the lawsuit payout?
 
III. FY 2026-27 Budget 8:10 AM
  A. FY 25-26 Budget Discuss Denise Clayton-Purvis 10 m
   

Review Proposed FY 25-26 Budget

 
  B. FY 25-26 Budget Process Stephen Ellis 5 m
   
  • 2 Public Meetings to be held in May 2026
  • Final Board vote in June 2026 BOD Meeting
 
IV. 990 Update 8:25 AM
  A. 990 Update Discuss Denise Clayton-Purvis 1 m
V. GLOBE Financial Policies Discussion 8:26 AM
  A. Financial Policy Updates Discuss Denise Clayton-Purvis 10 m
   

Denise mentioned that there may be some updates necessary to GLOBE's current Financial Controls Policy document. 

 
  B. Procurement Thresholds/Publishing Denise Clayton-Purvis 10 m
   
  • Discuss and review our current threshold for sealed bids (100k) and procedures for posting on the GA procurement website (250k). State and Federal thresholds have recently changed
 
VI. Closing Items 8:46 AM
  A. Adjourn Meeting Discuss Stephen Ellis 1 m