Pataula Charter Academy, Inc (Serving Pataula Charter Academy and Spring Creek Charter Academy)
Minutes
October Finance Meeting
Date and Time
Thursday October 20, 2022 at 9:00 AM
Location
PCA INC Central Office Board Room
Committee Members Present
C. Weathersby, E. Austin, H. Worsley, K. Holley, R. Beamon
Committee Members Absent
G. Flowers, R. Collins
Guests Present
L. Adkinson
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
D.
Approve Agenda
II. Finance
A.
Pataula - fence installation approval
B.
Pataula - Batting Cage Vendor Selection
At the September meeting the Board approved a bid from SBS Inc. for $44,116 to install a 40X90 Enclosed building with 3 lanes. However this did not include Installation and the materials would not be here until February. It was opened to new bidding. Cheryl is seeking approval to change the Batting Cage vendor to Usry Construction for $75,563 with construction complete in December.
C.
Pataula - FY 23 Amended Budget
The Pataula Amended Budget for FY 23 was presented for first review with a projected surplus of $16,186. This decrease is mainly due to monies budgeted for the Athletic complex and the purchase of 2 Multi Function School Activity Buses, other line items such as the Governors $2,000 increase to teachers were discussed. The committee discussed increasing MOU contribution from Spring Creek which would increase revenue for Pataula. This change will be made before presentation to the board.
D.
Spring Creek - FY 23 Amended Budget
The Spring Creek Amended Budget for FY 23 was presented for first review with a projected surplus of $504,209. Increasing the Central Office MOU percentage to 30%, the idea of staff attendance incentives, and increasing the SCCA annual staff bonus to the same level as PCA were discussed. The committee discussed increasing the MOU contribution to 40%. This change will be made before presentation to the board.
E.
Pataula - CPF Financial Reports
Pataula CPF financial reports through August 2022 were reviewed; with 6% revenue in and 24% of the budget spent, PCA is on track to meet CPF with a score of 85%.
F.
Spring Creek - CPF Financial Reports
Spring Creek CPF financial reports through August 2022 were reviewed; with 13% revenue in and 17% of the budget spent, SCCA is on track to meet CPF with a score of 85%.
Cheryl is requesting approval of the Quality Fence Company bid of $7009.99 to add fencing around the entrance at the Pataula athletic field and enclose the grandstands.