The GLOBE Academy
Minutes
Pre Board of Directors Finance Meeting
Date and Time
Wednesday August 25, 2021 at 8:30 AM
Location
Join Zoom Meeting
https://zoom.us/j/95003736132?pwd=V3NtbVFRc0JmSFBuMm1LaFpGRXFUZz09
Meeting ID: 950 0373 6132
Passcode: 8dCLX1
https://zoom.us/j/95003736132?pwd=V3NtbVFRc0JmSFBuMm1LaFpGRXFUZz09
Meeting ID: 950 0373 6132
Passcode: 8dCLX1
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.
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.
Committee Members Present
A. Haas (remote), C. Elliott-Earby (remote), D. Clayton-Purvis (remote), L. Li (remote), L. Pacheco (remote), R. Hudak (remote)
Committee Members Absent
M. Williams
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
L. Pacheco called a meeting of the Finance Committee of The GLOBE Academy to order on Wednesday Aug 25, 2021 at 8:35 AM.
II. Finance
A.
FY2021 End of Year Financials and Audit
B.
FY2021-2022 Budget Amendment
Previous year budget came with 1.7M net income vs 0.4M planned mainly due to the PPP loan converted to grant
C.
FY2022 Financials
CY financial in line with expectations
D.
Expenses that Need Board Approval
Denise would send the current financial policies to be reviewed by the Financial commitee. Adding capital budget for improvements.
Replacing lower campus air conditinoner. around 10. we are getting quotes in the units, approximately $50K, we are asking for $100K.
Exploring financial options for a real estate opportunity
III. Other Business
A.
Student Transportation funded by GLOBE
we ran out of time and this item will be discussed in future meetings.
IV. 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 9:39 AM.
Respectfully Submitted,
L. Pacheco
We are going to find out whether the board needs to vote on. If it does not, we would submit the documentation to the board electronically for review and then we would let the auditors present on the next board meeting. If it does need to be vote on, we would call a special meeting.
Ryan suggested that the auditors present to the board on the 30th with as much detail as we have and then we would get the board in a quick meeting before the 15th to go through the outstanding items and vote on