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Invictus Nashville Charter School

Finance Committee Meeting - September

Published on September 26, 2024 at 3:12 PM CDT

Date and Time

Thursday September 26, 2024 at 5:00 PM CDT

Location

Please refer to the zoom link

Agenda

      Purpose Presenter Time
I. Opening Items 5:00 PM
  A. Record Attendance   1 m
  B. Call the Meeting to Order  
  C. Approve Minutes Approve Minutes Brenda Jones 1 m
    Approve minutes for Finance Committee Meeting - August on August 29, 2024  
II. Finance 5:02 PM
  A. Grant Updates Discuss Brenda Jones 15 m
   

Current Updates

  • Calder Foundation Progress Meeting

Upcoming October Grants

  • CSGF October 
  • Facilities Grant
    • The maximum allocation per school is $500,000 
    • A specific proposed facility project that is necessary for your school to operate. The more critical the project, the better to secure funding

Examples of allowable use of funds from the prior facilities grant:

  1. Purchasing permanent facilities
  2. Purchasing property to build facilities
  3. Lease or mortgage payments
  4. Service of debt incurred for existing capital outlay projects
  5. Reimbursement of renovations and future capital outlay project
    1. HVAC, Plumbing, electrical, security, removal of hazardous materials
    2. Addition, renovation, or modification to learning spaces

The following were non-allowable expenses on the past facilities grant, and we anticipate that the following will continue to be non-allowable:

  1. Exterior landscaping
  2. Renovations related to anything outside of student learning (ex: admin offices, etc.)

 

Potential Grants

  • Nissan Foundation 
  • Drexel Foundation 

 

  
  B. Facilities Discuss Brenda Jones 10 m
   

Two Locations 

  • Mt. Gilead 
  • Two Rivers Corporate Center 
  
III. Other Business
 

October Salon Dinner Support 

  • Potential Dates 
    • October 14
    • October 24
    • October 28
  
IV. Closing Items 5:27 PM
  A. Adjourn Meeting Vote Charles Webb 2 m