BELIEVE SCHOOLS, INC
Minutes
October 2024 Board Meeting
Date and Time
Wednesday October 16, 2024 at 5:00 PM
Location
BELIEVE Circle City
Directors Present
A. Bennin (remote), A. Hervey, B. Akintomide (remote), H. Harshman, J. Fulk (remote), M. Whitmire (remote), P. Jones
Directors Absent
C. Glier, D. Bouie, D. Dennis
I. Opening Items
A.
Call the Meeting to Order
B.
Attendance
C.
Approve August Minutes
II. School Updates
A.
Principal's Report / School Updates
Academics
PSAT national merit next Wednesday - first time to assess current class
Indiana mandate for juniors to take SAT; can take PSAT as sophomores
III. Board & Committee Updates
A.
Governance Committee
Patrick shared Monsei's profile and strengths she would bring to the Believe Board
Darian Bouie had left the board
B.
Board Terms - Bylaw Amendment
C.
Academic Excellence Committee
D.
Finance Committee
Marques shared budget variances due to timing - largest related certified/non certified personal
Kim shared that we do not yet have audit completed - school based team did not have duplicate receipts due to ops leader transition. Its possible that this will be an audit finding
Patrick asked for auditor to come to next board meeting. He also asked that the board have a summary of budget vs actual and also cash on hand.
E.
Quarterly Budget Review
summary sent:
Recruitment 108% of budget for enrollment; cash on hand $804k
$400k YTD vs budget
F.
Committee Development
Bunmi shared ideas the team has been working on - Kim asked that we solidify some dates - targeting April
Asked to understand the deficits of the current board for recruiting
Q1 quarter done and GPAs are lower than we want them to be at 2.42
Enrollment at 331 vs budget of 310