The GLOBE Academy

Finance Committee Meeting

Date and Time

Thursday June 20, 2024 at 9:00 AM EDT

Location

Upper Campus - Executive Director Conference Room or Virtual

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 9:00 AM
  A. Record Attendance   Adrienne McMillon 1 m
  B. Call the Meeting to Order   Adrienne McMillon 1 m
II. Monthly Financial Review 9:02 AM
  A. May 2024 Financial Review FYI Denise Clayton-Purvis 10 m
   
  • Budget to Actual 
  • Statement of Net Position 
  • Statement of Activities
 
III. FY 2024-25 Budget 9:12 AM
  A. Discuss Draft Budget for FY 24-25 Discuss Denise Clayton-Purvis 5 m
   
  • Review FY 24-25 Budget 
    • Any updates since initial draft in April 2024 
  • Define Timeline for Budget Approval 
    • Board Review - April 2024 - complete
    • Public Meetings - May 2024 - complete
    • Final Board Approval - June 2024
 
IV. Discuss Debt Service 9:17 AM
  A. Debt Service FYI Denise Clayton-Purvis 7 m
   

 

  • Discuss Debt Compliance Requirements and Timing
 
V. Audit and 990 Update 9:24 AM
  A. Audit Update FYI Adrienne McMillon 10 m
   
  • Pre-planning is in progress 
  • Final audit work will begin in the summer
 
  B. 990 Update FYI Denise Clayton-Purvis
   
  • 990 Update
 
VI. Fiscal Policies 9:34 AM
  A. Policies FYI Adrienne McMillon 8 m
   

Two policies in draft

  • Debt policy
  • Municipal Securities Post Issuance Disclosure Policy
 
  B. Finance Committee Playbook FYI Adrienne McMillon 2 m
   

 

  • Finance committee playbook is complete
 
VII. Other Business
VIII. Closing Items 9:44 AM
  A. Adjourn Meeting Discuss Adrienne McMillon 1 m