No public comments received online, in person or via email.

April 2024 Financial Report presented by John Stiffler, CFO.

• Strong trends continue. Overall, Administration is spending wisely.
• Negative expenses in Title IA due to receiving grants that offset expenses.
• Challenges - None at this time. All looks good.
• Recommendations - Continue to plan for needed repairs and schedule out cost estimates.
• Financial Statements:
  • Monthly Income is $925,960; Budget was $990,939
  • Monthly Expense is $789,397; Budget was $971,826
  • Monthly Surplus is $136,563; Budget surplus was $19,113
• Budget:
  • Budget for April was $19,113, actual is $136,563, this is a surplus of $117,450.
  • Budget for FYTD was $166,931, actual is $780,757. This is a surplus of $613,825.
• Cash Flow:
  • 80 days of cash on hand 
• Financial and Audit Training continues per recommendation from our auditors and to stay in the loop with Fulton County requirements.

Dr. Owes presented his Executive Director's Report. The following topics were covered:

• Propose 2024-2025 Board Meeting Calendar; requested board approval.
• TMSA received STEM Certification and Cognia Accreditation. The schooled added two Nigerian Dwarf goats to celebrate this milestone. 
• Fundraising:
  • Reminder for the board to identify fundraising commitments and efforts for the 2024-2025 school year.
  • Action Required: Documented Fundraising Plan - will likely be requested for review during charter renewal. 
• Human Resources & Staffing presentation by Richara Hughley
• Employee Health Insurance & Benefits Renewal presentation and Q&A by the school's insurance Broker.
• Admin Team is continuing interviewing and recruitment efforts for the 2024- 2025 School Year.
• Several Summer facilities projects:
  • painting classrooms & common areas, laying sod/grass in the gym courtyard, electrical updates as recommended by Insurance Company, and outdoor electrical updates by College Park.

Updates for Mrs. Recasner:

• Board Retreat 
  • Scheduled for June 29th (9am to 1pm) 
  • Location to be determined. Open to location recommendations. Do not want to meet on campus.
  • Pending agenda includes the following topics:
    • Sunshine Law presentation from our attorney.
    • Recharter expectations. Reached out to our consultant.
    • Finalize updates to the Board Policy manual.
    • Officer and Committee chair elections.
    • Possible financial training (pending); Shameka to provide a Q&A document.
    • Review Board Assessment results and areas of improvement.
    • Board and Committe Goals
    • Fundraising
    • Open to other ideas from others
  • Everyone is asked to spend time reviewing the shared document (Policy Manual) and add comments by June 22nd to save time during the retreat.
  • Everyone is asked to send in their officer and committee chair nominations by June 22nd. Will send the ballot out via email on June 24th for those that aren't able to attend the retreat.

Will table this agenda until the Board Retreat. Board members should review and complete by June 22nd. Mrs. Recasner will share the link to the working document to all board members again via email.