DeKalb Brilliance Academy
Minutes
DeKalb Brilliance Academy Finance Committee Meeting
Date and Time
Thursday October 24, 2024 at 5:00 PM
Location
Committee Members Present
B. Howell (remote), C. Payton (remote), J. Akpan (remote), J. Alter, Q. Johnson (remote)
Committee Members Absent
E. Parks
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
Q. Johnson called a meeting of the Finance Committee of DeKalb Brilliance Academy to order on Thursday Oct 24, 2024 at 5:11 PM.
C.
Approve Minutes
B. Howell made a motion to approve the minutes from DeKalb Brilliance Academy Finance Committee Meeting on 07-25-24.
C. Payton seconded the motion.
The committee VOTED to approve the motion.
B. Howell made a motion to approve the minutes from DeKalb Brilliance Academy Finance Committee Meeting on 09-26-24.
C. Payton seconded the motion.
The committee VOTED to approve the motion.
II. Other Business
A.
New Building Update
- Reviewed EFF commitment letter terms.
- Only open item is the legal fees in the commitment letter.
III. Finance
A.
EdTec Cover Monthly Financials (September 2024)
- covered September financials
- discussed timing of drawdown and grant reimbursmenets
- discussed needing to track capital expenses separately and add those to the monthly report outs.
IV. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 6:00 PM.
Respectfully Submitted,
J. Akpan
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 6:00 PM.
Respectfully Submitted,
Q. Johnson
Guests: