Shining Rock Classical Academy
Minutes
SRCA Regular Board Meeting
Date and Time
Wednesday February 26, 2025 at 6:30 PM
Location
2150 Russ Ave, Waynesville NC 28786
Directors Present
A. Adeleke (remote), A. Weimar, B. Mullinix (remote), L. Davis (remote), R. Gevjan, S. Messer
Directors Absent
A. Wilkins
Ex Officio Members Present
J. Morgan
Non Voting Members Present
J. Morgan
Guests Present
C. White, T. Gresham, T. Inman
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
SRCA Mission Statement
D.
Approve Minutes
E.
Approve Special Called Meeting Minutes
II. Special Recognitions
A.
Science Fair Winners
III. Head of School Report
A.
Report
IV. School Calendar Information
A.
Amendments to 2024-25 Calendar
V. Finance Commitee
A.
Finance Report
February SRCA FY25 Finance Report.pdf
Update on bonds - money was received as a reimbursement- this was applied to the bond - lowering our monthly payment - approximately $50,000-$ 60,000-year reduction in payments.
Current cash balance - we are not receiving interest on this balance. Moving some of the balance to a CD for interest-bearing benefit.
Estimate for bus loans - $ 7,000 a year - the reduction in our payments as well as interest from investments, will cover this unexpected line item.
Finance report - The current surplus/deficit line item is now correct. CSP has worked with us to reconcile the accounts, reflecting an accurate line item.
Zach from CSP attended to discuss their accounting services.
Our "current" package did not project surplus/deficits.
CSP has now provided us with a comprehensive package that includes CFO services with a higher level of review and coding of line items. We will have this package free of charge until the end of the year. This ensures our report for the EOY projection column is accurate.
VI. Transportation & Facilites Commitee
A.
Transportation Update
Shane -
Busses have been ordered and lettered. 2 new busses will be delivered next week.
VII. Policy Commitee
A.
Policy Updates
Larry - no updates this month.
VIII. Academic Commitee
A.
Updates from 2/25 meeting
Updates from 2/25 meeting
Virtual days
Testing scores
See attached document with meeting overview
Academic Excellence Committee 2.pdf
2025 MAP Winter Data - Google Sheets.pdf
IX. Other Business
A.
Work Session for Strategic Planning
B.
Annoucement regarding J. Scheifer board membership
C.
Augusta Adeleke - maternity leave
D.
Introduction of Board Candidate - Brook Buckelew
E.
Vote: membership application - Joshua Sims
X. Closed Session Pursuant to NCGS 143-318.11
A.
Closed session
XI. Additional Voting Items
A.
Personnel Report
B.
SRCA Bank Account Signers
we have some old members on the bank account
We have e-checks. We do not need a board member signing.
Students recognized for their Science Fair accomplishments. **See HOS Report!**
Elementary, Middle, and High School
We have multiple student finalists going to NC State (Raleigh) next month to present their Science projects at the state level!