Memphis Merit Academy Charter School
Minutes
Monthly MMA Board Meeting
Date and Time
Thursday May 15, 2025 at 5:30 PM
Location
Memphis Merit Academy
PUBLIC COMMENT AT MEMPHIS MERIT ACADEMY BOARD MEETINGS - An opportunity for the public to address the Board will be provided at the conclusion of the agenda. Members of the public who wish to speak on
any item are requested to identify themselves and indicate on which agenda item they wish to speak. The Board will provide an opportunity for the public to speak for a maximum of three (3) minutes, unless granted
additional time at the discretion of the Board. Testimony shall be limited in content to matters pertaining to Memphis Merit Academy. The Board may not take any action on matters discussed during the public testimony
period that are not listed on the agenda.
Directors Present
Aurelia Mcbride, Joseph McKinney, Talunja Prophet
Directors Absent
Angelia Allen, Dimika Cavalier, Lashawn Lester, Reid Lanigan, Timorie Belk
Guests Present
Alexis Gwin-Miller, Jacqueline Brown-Lewis
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Review and Approval of Monthly Financials
A.
Approval of Monthly Financials
III. Approval of Auditing Firm
A.
HHM Firm
Approval previously provided by BOD at April meeting; this is simply a review of finalized terms.
IV. Approval of Contracts FY25-26
A.
Technology- American Capital Lease - Student Laptop Plan
Although unable to vote, present board members agree that this is a "time of the essence" matter in which L. Booker can get the process started even though it will not be immediately paid out. Issue of potential tariffs increasing prices substantially.
B.
Mastery Connect - Benchmarks
C.
Edtec - Back Office Provider
D.
CodeCrew
V. Committee Reports
A.
Academic Achievement Commmittee
B.
Development Committee
C.
Finance Committee
No additional data outside of financials presented by EdTec
D.
Governance Committee
Board Training - TCSC houses training
Board Terms
Elections
Board Retreat Dates
VI. Other Business
A.
Executive Director Update
Enrollment;Compliance;Performance
- Authorizer audit on Special Education file; passed with flying colors
- Scorecard is coming up in June
- Board Training - internal deadline of May 30, 2025; 24-25 training
- staffing - 4 available positions PLUS new grade level positions
- Enrollment
- currently 424 students as of today
- goal of 525 for next year; budget is based on 500
- currently showing 535 confirmed seats as of today
- growing waitlists for all grades; 6th grade continues to grow
- Construction
- on track; plan to close on the loan by the end of the month
B.
MMARE Financials- April
KAMFI - April Financials
- decreased month over month based on increase in utility bills and landscaping costs
- overall loss of $189k
- delinquent balances
- Red Diamond - security deposit should have covered a portion of the balance, leaving a balance of $2k, not completely wipe out the balance
- 901 to contact
- Village Mart - decrease of $500
- African Braid - no change, still a month behind
- no new delinquent tenants
- Red Diamond - security deposit should have covered a portion of the balance, leaving a balance of $2k, not completely wipe out the balance
- cash advance
- from 901 to MMARE to cover upcoming BlueHub draw
- potential facility usage
C.
Property Manager Reports - 901 Properties
- there is a lack of communication
- 901 states they do not have the capacity to provide the information that MMARE needs
- J. McKinney wants to request reporting plan for the Board to review, 30 day deadline, failure to respond will result in further steps from the Board
FY 2026 Budget