Brevard Academy
Minutes
Monthly Finance Meeting
Date and Time
Tuesday November 18, 2025 at 10:15 AM
Mission:
The Mission of Brevard Academy is to prepare its students to achieve academic excellence through the Core Knowledge Sequence. Through a partnership involving students, teachers, and parents the school strives to create citizens with strong moral character and active intellectual inquiry.
Vision:
Brevard Academy: A Challenge Foundation Academy (BA-CFA) a K-8 public charter school develops and encourages motivated, intellectually curious students who are skilled in critical thinking, individual expression, and problem-solving. From their diverse backgrounds, students accept our challenge to pursue personal and academic excellence. Through this pursuit, they become confident members of their community who lead by serving others.
Strategic Goals:
- Provide Effective & Innovative Learning Environments
- Recruit, Hire and Retain Highly Effective Personnel
- Use Resources Effectively & Be Fiscally Responsible
Committee Members Present
Juli Lefler (remote), Michael Terry, Paul Cooper, Ted Duncan
Committee Members Absent
Emily Webb
Committee Members who arrived after the meeting opened
Michael Terry
Committee Members who left before the meeting adjourned
Juli Lefler
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
D.
Approve Agenda
Add Swing Building update
II. Finance Committee Reports
A.
Review Financial Reports
- Reconciliation reports were signed.
- We discussed the differences between the projected surplus from CSP and a more accurate surplus from Mr. Duncan. Mr. Duncan and Ms. Lefler will review the budget and make adjustments for January.
- We reviewed the most recent allotment.
- We reviewed the Cash Board. We are $200K over where we were last year.
- We reviewed the Encumbered Fund Spreadsheet.
- We have $1,250,429.00 in unencumbered funds.
B.
Vendor Contract Renewals
No vendor renewals.
C.
USDA Update
- The appraiser came by on 11.16.25 to view the property.
- Jeff and Bruce are projecting a closing date in mid-January 2026.
D.
Treasurer Report for BOD
Report the Board
- We hope to be on track for USDA closing in January.
- Our current Cash on Hand $1,250,429.00.
- Our current surplus is going to change after FEMA projects are completed.
III. New Business
A.
FEMA Projects
- The parking lot and athletic fields will be completed by the end of November.
B.
Financial Audit Review
- Ms. Lefler sent out the audit to the board.
- Hard copies are available at the school.
- There were no findings.
IV. Other Business
A.
Review Committee Goals
The committee reviewed the goals.
B.
School Needs
- Swing Building
- The architectural city standards have made the Wilmot building too expensive to move forward on.
- We will continue to look for other alternatives.
- Athletic Vans
- We are currently in discussion with Mahon Ford about 15 passenger vans.
- Mr. Cooper will be the main contact at Mahon.
- Mr. Cooper is interested in looking at financing the van purchase.
C.
Future Needs
Mr. Duncan is looking at future needs of the school.
- Capital Campaign Manager
- Forming a Foundation for Major Gifts and Investment
V. Action Items
A.
Board Action Items
December Staff Bonus--Not enough funds to be able to fund this at this time.
VI. Closing Items
A.
Announce Date of Next Meeting
December 16 at 8:30 am.