Final

The Main Street Academy

Monthly Budget and Finance Committee Meeting

TMSA Governing Board Committee
Published on January 14, 2025 at 11:10 AM EST

Date and Time

Tuesday January 21, 2025 at 4:30 PM EST

Location

The Main Street Academy

2861 Lakeshore Dr.

College Park, Georgia 30337

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 4:30 PM
  A. Call the Meeting to Order Shameka Smith 1 m
  B. Record Attendance   Shameka Smith 1 m
  C. Approval of Agenda Vote Shameka Smith 1 m
  D. Approve Minutes from 9.24.2024 Budget & Finance Committee Meeting Approve Minutes Shameka Smith 1 m
   

No motion or vote during the October 2024 meeting. Did not meet quorum.

  
     
  E. Approve Minutes from 10.22.2024 Budget & Finance Committee Meeting Approve Minutes Shameka Smith 1 m
     
II. CFO Financial Report 4:35 PM
  A. September 2024 Preliminary Financial Report Vote Shameka Smith 1 m
   

Quorum not met during the October 2024 meeting. Did not vote to approve the September 2024 Financials.

 

  • Financial Statements 
    • Monthly Income is $954,679, Budget was $947,083 
    • Monthly Expense is $900,599, Budget was $932,977  
    • Monthly surplus is $54,079; Budget surplus was $14,106 
  • Cash on Hand = 60 days (error in attached reports. 72 days should be 60). John to correct reports. 
  
  B. December 2024 Preliminary Financial Report Vote Eric Smith, Fractional CFO 15 m
III. Executive Director's Report 4:51 PM
  A. ED January 2025 Report FYI Chad Owes 20 m
   
  • Financial Reports
  • Welcome Eric Smith - Fractional CFO
  • Fundraising
  • Grants
  • Facilities, Operations, & Maintenance
  
IV. Unfinished Business 5:11 PM
  A. Governing Board Fundraising Shameka Smith 5 m
   
  • Committee Chair recommends that we postpone a board sponsored fundraising event at this time.
  • Reminder to pay board member dues for the year.
  • Support the gold tournament.
  
  B. Audit Presentation & Approval FY24 FYI Shameka Smith 5 m
   
  • On November 4th a special session was held for the Audit Presentation and Approval. 
  
V. New Business
VI. Closing Items 5:21 PM
  A. Adjourn Meeting Vote Shameka Smith 1 m

2861 Lakeshore Drive

College Park, GA 30337

(404)768-0081