The GLOBE Academy

October 2026 Finance Committee Meeting

Date and Time

Monday October 26, 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   Stephen Ellis 1 m
II. Approve Finance Committee Meeting Minutes 8:02 AM
  A. Approve Minutes from September 2026 Meeting Vote Stephen Ellis 1 m
III. Audit & Budget Amendment 8:03 AM
  A. Final Audit/Budget amendment review & discussion Discuss Denise Clayton-Purvis 10 m
   

 

  • Doug Erwin is still finalizing the audit ahead of the Nov 2 BOD meeting. We'll discuss the status, as well as the plan for presenting them to the full Board at the next BOD meeting
  • Denise has an amendment to the budget to account for the sale of the 3 houses. We'll discuss
 
IV. Establishing an Endowment vs Restricted Fund 8:13 AM
  A. Endowment vs Restricted Fund Pros&Cons Discussion Discuss Adrienne McMillon 15 m
   

Adrienne to provide update on the discussion of the endowment at the September BOD meeting. We'll discuss the logistics of setting up and managing this type of fund . We'll also discuss the feasibility of a restricted fund and outline the differences between the two

 
V. Excess Lawsuit Proceeds 8:28 AM
  A. Discuss Options for Use of Funds Discuss Jen Parker 15 m
   
  • We need to review Jen Parker's proposals
  • Was anything decided or voted on at the September BOD meeting?
 
VI. 403b Status 8:43 AM
  A. 403b discussion Discuss Denise Clayton-Purvis 5 m
   
  • Denise to walk the committee through the Board Resolution she drafted for the adoption of a 403b plan
 
VII. Review Bylaws/procurement policy discrepancies 8:48 AM
  A. Review various discrepancies Discuss Denise Clayton-Purvis 8 m
   

Doug Erwin pointed out a few inconsistencies in the bylaws and procurement policies. The committee will review and address to ensure alignment

 
VIII. Closing Items 8:56 AM
  A. Adjourn Meeting Discuss Stephen Ellis 1 m