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Pataula Charter Academy, Inc (Serving Pataula Charter Academy and Spring Creek Charter Academy)

Minutes

April Finance Meeting

Date and Time

Monday April 17, 2023 at 5:00 PM

Location

PCA INC Central Office Board Room

Committee Members Present

C. Weathersby, E. Austin, G. Flowers, H. Worsley, R. Beamon, R. Collins

Committee Members Absent

K. Holley

Guests Present

L. Adkinson

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

C. Weathersby called a meeting of the Finance Committee of Pataula Charter Academy, Inc (Serving Pataula Charter Academy and Spring Creek Charter Academy) to order on Monday Apr 17, 2023 at 5:03 PM.

C.

Approve Minutes

G. Flowers made a motion to approve the minutes from March Finance Meeting on 03-20-23.
E. Austin seconded the motion.
The committee VOTED unanimously to approve the motion.

D.

Approve Agenda

G. Flowers made a motion to Approve the agenda.
H. Worsley seconded the motion.
The committee VOTED unanimously to approve the motion.

II. Finance

A.

Pataula - FY 24 Initial General Operating Budget

This is the 2nd presentation of the FY24 General Operating Budget for PCA. The committee discussed several line items and the surplus projected for next year is $106,108. Cheryl is requesting approval from the Committee before the 2nd presentation of the Budget to the full Board.

E. Austin made a motion to Approve the FY24 General Operating Budget for PCA.
H. Worsley seconded the motion.
The committee VOTED unanimously to approve the motion.

B.

Spring Creek - FY 24 Initial General Operating Budget

This is the 2nd presentation of the FY24 General Operating Budget for SCCA. Several line items were discussed and the surplus projected for next year is $129,930. Cheryl is requesting approval from the Committee before the 2nd presentation of the Budget to the full Board.

G. Flowers made a motion to Approve the FY24 General Operating Budget for SCCA.
E. Austin seconded the motion.
The committee VOTED unanimously to approve the motion.

C.

Pataula - Monthly Financial Reports

The committee reviewed PCA financial reports through February 2023. PCA is on target to meet on the CPF Financial Assessment with a predicted score of 90. 

D.

Spring Creek - Monthly Financial Reports

The committee reviewed SCCA financial reports through February 2023. SCCA is on target to meet on the CPF Financial Assessment with a predicted score of 95. 

III. Closing Items

A.

Adjourn Meeting

G. Flowers made a motion to Adjourn the meeting.
E. Austin seconded the motion.
The committee VOTED unanimously to approve the motion.
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 5:37 PM.

Respectfully Submitted,
C. Weathersby