Baconton Community Charter School
Minutes
Finance Committee Meeting
Date and Time
Tuesday December 16, 2025 at 5:30 PM
Location
Board Room
The Governing Board meets monthly at 6:00 PM in the Superintendent's Conference Room in the Main Building. Dates are noted on the calendar.
The Finance Committee meets monthly in advance of the regular board meeting to review financials.
The Student Affairs Committee receives monthly reports from campus leadership.
Committee Members Present
Benjamin Brooks, Jenny Van Meter, Kate Von Glahn, Kelly Rucker, Larry Burkett, Lynn Pinson, Missy Harrod, Stone Pinson
Committee Members Absent
None
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance Committee
A.
Profit and Loss
B.
Balance Sheet
C.
Budget VS Actual
D.
Journal Entry Review
One from Kate this month.
E.
Credit Card Review
F.
Purchase Order Review
G.
Bank Account/Statement Review
H.
Federal Budgets and Grants Update
Drew down to cover Federal budgeted salary.
I.
SNO Payment Advice
J.
CPF Financial Performance Indicators
Just over 100 days of Cash On Hand.
K.
Facility Updates
Larry estimates new roofs approximately $20,000 each - 7 roofs total. HVAC replacement costs approximately $15,000 - 28 units total. Need to budget for those in the future. $150,000/year for next four years in budget would cover. 2 could be in need of replacing within the year. Jenny would like for repairs to be planned during summer time of 2026 or on Christmas break of December 2026.
III. Updates from Administration
A.
Facility Acquisition Update
Proposal for property swap from local land owner. Will present to full board in Executive Session.
B.
Transportation/bus quotes
Quotes were submitted. 14 passenger bus $1372/month for 60 months. 10,000 annual mileage allowance then $.40/mile over lease. At end of 5 years you can buy for fair market value. Equals approximately $82,320 over the life of the lease. Then would have to pay FMV. or outright purchase $89,000.00.
10 passenger for $65,000 from ADAboy - purchase.
C.
Forward Funding Update
Missy Harrod will present to full board at 6:00. Notes were presented to finance committee and full board. Forward funding was reversed with FTE dropping 42 counts.
IV. Other Business
A.
PAYROLL UPDATE
Payroll policy submitted to finance committee and then full board.
Financials were presented ahead of the meeting due to a busy schedule with meetings. No discussion regarding financials since explanations were provided for any unusual activities. Title I draw downs have helped the profit and loss numbers.