Pataula Charter Academy, Inc (Serving Pataula Charter Academy and Spring Creek Charter Academy)
Minutes
December Finance Meeting
Date and Time
Monday December 16, 2024 at 5:00 PM
Location
PCA INC Central Office Board Room
Committee Members Present
C. Weathersby, G. Flowers, H. Worsley, R. Collins
Committee Members Absent
C. Boyd, J. Earp, K. Holley
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 - FY 25 amended budget
B.
Pataula - monthly financial reports
The Committee reviewed monthly financials through October 2024. PCA is on track to meet on Financial CPF.
C.
Pataula - Erate Project
PCA has initiated an Erate project to install new wifi routers throughout the school due to software updates. PCA received three bids for the project. Cheryl is recommending the Committee accept the bid from SGA Networks for a total price of $84,044. Pataula's portion of the project after Erate percentage will be $21,500. We have used this vendor before.
D.
SCCA - FY 25 Amended budget
This was the final presentation of Spring Creek's FY 25 Amended General Operating Budget. The Committee reviewed the budget, discussion was held on several line items; there is a projected surplus of $916,528.
E.
SCCA - monthly financial reports
The Committee reviewed monthly financials through October 2024. SCCA is on track to meet on Financial CPF.
F.
SCCA - Bank CD
Cheryl is requesting permission to move $1,000,000 from Spring Creek's bank account into a one year Bank CD with a interest rate of 4.65%. This will generate revenue of approximately $40,000 over the year.
This was the final presentation of the FY 25 Amended General Operating Budget. The Committee reviewed the budget, discussion was held on several line items; there is a projected surplus of $177,281.