The following additions were made to the Agenda: 

Add II. H. PCA INC. Intrafi Agreement

The Committee reviewed Pataula's Initial General Operating Budget for FY26. The changes since the initial presentation include actual State Projections for QBE, a new phonics program and training stipends, salary updates, and the salary of a vacant part-time PE position that will be filled at tonight's board meeting . Cheryl is asking for Approval of the budget from the Committee and to send the Budget to the Board for approval and adoption.

Cheryl is requesting vendor approval for the installation of a fence to secure an area at Pataula's athletic complex. We solicited bids from three companies; Quality Fence Company, LLC, Mid South Fence Company and Atlas Fencing. A bid of $16,540.80 was received from Quality Fence Company; Mid South Fence Company submitted a bid of $34,405.00. Atlas Fencing did not submit a bid. Security Grant funds will be used for the project. Cheryl is recommending we accept the bid from Quality Fence Company. 

The Committee reviewed Spring Creek's Initial General Operating Budget for FY26. The changes since the initial presentation of the budget include actual State Projections for QBE (plus enrollment growth to 500), the addition of a Gifted Teacher being voted on tonight, salary updates, a new phonics program, and additional cleaning work for floor waxing.  Cheryl is asking for Approval of the budget from the Committee and to send the Budget to the Board for approval and adoption.

The committee discussed the Ad Hoc Facility Committee's recommendation to approve an architect that will design for horizontal growth when we move into the new building. This timeline is projected to be in FY 2028. The expected growth will start with 3 classes per grade level beginning with K-3rd grade the year we move into the building and will continue to grow by adding classes in subsequent years. The committee recognizes that we will also need to amend our charter so this will be pending approval from the SCSC as well.

This item was tabled.

The Committee reviewed monthly financial reports through February 2025. Pataula is on track to meet on Financial CPF with a score of 95. 

The Committee reviewed monthly financial reports through February 2025. Spring Creek is on track to meet on Financial CPF with a score of 100. 

Last month, Cheryl presented the board with a proposal from the Bank of Edison, requesting that the schools enter into an agreement with Intrafi Services. Recent legislation now allows Intrafi to collaborate with local community banks to help diversify public funds across multiple institutions, ensuring FDIC insurance coverage. The agreement also includes provisions for earning interest on all public funds held at the Bank of Edison. The school attorney has reviewed the agreement, and Cheryl is recommending its approval.