Brighten Academy
Minutes
Finance Committee Meeting
Date and Time
Monday May 12, 2025 at 6:00 PM
Committee Members Present
D. Carter, K. Smith
Committee Members Absent
R. Zackery
Guests Present
K. Moses
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance Committee
A.
February/March Financials
B.
Budget Updates
Covered within the financial report.
Request for report of spending for maintenance--CFO clarified financial report provides information
- Pending PO's are not visible to the CFO team
- Paid vendor report (following invoicing) can be produced
C.
Audit Prep
CFO not anticipating issues--same auditors and same process
Initial meetings to set preliminary dates set for 5/13
D.
BFB Subcommittee
Planning to hold Golf Tournament the Thursday before spring break at Chapel Hill Business Manager to check with site to secure the date and time to move forward with preparing a Save-the-Date to disseminate to families and former golfers.
III. Other Business
A.
Fun Run
Discussed making the fun-run the fall fundraiser for the Board.
Mentioned the idea of holding the event on the weekend.
Shared the importance of being mindful of overwhelming families with overlapping events. Further discussion with the whole Board on best plan to move forward.
CFO reviewed March 2025 financials which included February data.