The GLOBE Academy
Minutes
Board Meeting
Date and Time
Monday October 28, 2024 at 7:00 PM
Notice of this meeting was posted at both campuses and on the GLOBE website in accordance with O.C.G.A. § 50-14-1.
Directors Present
A. Dahl, A. McMillon, B. Heidlberg, D. Torre Gibney, F. Sun, H. Portier, L. Norton, M. Hayes
Directors Absent
C. Schwenkler
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
C.
Vision, Mission and Core Values
II. Public Comment
A.
Public Comment
III. Consent Agenda
A.
Approve Agenda
Reviewed agenda
B.
Approve Minutes
IV. New campus update
A.
New campus update
LDP was approved. Winter construction released as of 10/25/24 to start site work. On track for summer 2025 move-in for August start of school. $160,000 left in contingency funds. Large part already been used due to county mandated frontage upgrades.
Next steps:
- approval for administrative variance relieving us from updates along Azalea circle
- site work to prepare for modular building installation
V. Admissions Report
A.
Admissions FTE Report
Admissions report moved to December meeting agenda due to emergency with presenter
VI. Capital Campaign Update
A.
Capital Campaign Update
Capital Campaign conforms to 2a and 2b of strategic plan
Capital Campaign committee comprised of parents, board members and staff
Next meeting is November 18th
Working on campaign materials and finalizing timeline
Working toward grants and contacting outside entities for partnerships and procuring donors
Want to avoid encroaching on Annual Fund, GLOBE trot and Auction
M. Hayes asked about adding community members who are not parents to committee; C. Earby agreed that committee would like to identify potential new members
M. Hayes asked about opportunities to contribute outside of financial opportunities; C. Earby said committee would discuss but would be difficult with the nature of a capital campaign
VII. DEIBA Chair Role
A.
Discussed search for new chair
Nominating committee comprised of L. Norton, M. Hayes, A.McMillon and H. Portier
Interviews of top three candidates start Wednesday
Goal is to come back to the Board for meet and greet and onboard by December
L. Norton mentioned former Chair's suggestion of shifting committee to more staff and fewer parents as staff is performing deliverables
VIII. Finance Presentation
A.
SY 2023-2024 Review
Statement of financial position as of August 2024 is 47.4M in total assets, 41.2M in total liabilities and 6.2M in total equity
Statement of Activities reflecting 3.5M in total revenue, 2.4M in total expenditures and 1.1M in total equity
Debt service is on schedule
FY 2024 990 due in November
FY 2024-2025 budget meetings will be December 6th and December 13th via zoom
D. Erwin, auditor, presented highlights from SY 2023-2024 audit; our financial statements are fairly and appropriately represented thus unqualified opinion.
Audit will be filed November 1st
IX. Development Update - GLOBE Trot Preparations
A.
Globe Trot Update
November 15th is GLOBE trot
Kicked off last Thursday
Site is live
Daily raffle drawings for prizes - announced end of each week
Goal is $135,000
18 days until event
Many ways to help
Annual Fund:
Funds are still coming in
Goal is $150,000
YTD Annual Fund raised $62,147; efforts continue
X. Vote - Resolution to Expand Enrollment Cap
A.
Vote regarding resolution to expand enrollment cap
A. McMillon asked if we have the facility to support increase. C. Earby responded yes by moving 4th and 5th to lower campus
Discussed purpose of this resolution/cap is to make us eligible to obtain a large grant of $500,000; enlarging cap necessary for grant eligibility
Discussed increase to students will be at middle school level as elementary school is large enough
C. Millen addressed transportation concerns. Notice was given to parents at 6:42 a.m. that a bus would not be available to pick-up the students. The bus typically picks up at 6:50 a.m. Parents had to pivot last minute to get students to school. Some texts were not responded to. Concern about reliance on transportation.