Brevard Academy
Minutes
Monthly Finance Meeting
Date and Time
Tuesday March 19, 2024 at 8:30 AM
Location
Director's Office
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, Paul Cooper, Ted Duncan (remote)
Committee Members Absent
Emily Webb
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Review Financial Reports
B.
Vendor Contract Renewals
- Acadia grant services - fee is 16% of overall grant.
III. Other Business
A.
Review Committee Goals
- We discussed the First Bank term sheet for bridge loan.
- Paul introduced new unencumbered funds spreadsheet.
B.
Review Upcoming School Needs
IV. Action Items
A.
Proposed BOD Meeting Approvals
- Approval of First Bank term sheet for bridge loan.
- Approval of Acadia Grant on a fee for service basis.
Reviewed the Budget Analysis Report. Noted that there was $50k surplus at this point.