The Main Street Academy

Finance Committee

Regular Meeting - Tuesday April 20th, 2021 @6:00 PM

Meeting Agenda

Public Meeting Details 15 minutes

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https://us02web.zoom.us/j/9150128622 

Meeting ID: 915 012 8622

Passcode: tmsa (if using the Zoom app)


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    +312 626 6799 US (Chicago)

    +1 929 205 6099 US (New York)

Meeting ID: 915 012 8622

Passcode: 719355 (if dialing in by telephone)


Welcome and Call to Order 1 minutes

Approval of Agenda 5 minutes

So that there is agreement between board members on the agenda, and the amount of time spent on the meeting, the board shall vote to approve an agenda for the meeting. To the best of its ability, it will follow that agenda, and allow for the chair to move the board through the agenda as specified.

Actions:

  1. Approve the agenda as submitted

Approval of Minutes from March 23, 2021 15 minutes

The Finance Committee met on Tuesday March 23rd, 2021 @6:00 PM for what was scheduled to be a 1 hours and 46 minutes long meeting. Present: Cheryl Parker, Kimnese Abdul-Salaam, Bridgett Bell, Willie G. Davis, Jr., Virginia Smith, Mitch Foster II
Not Present: none

The members considered the following items:
1. Public Meeting Details
2. Welcome and Call to Order
3. Approval of Agenda
4. Approval of Minutes from February 16, 2021
5. PTO Financials
6. Financial Review
7. Facility Improvements
8. Fundraiser, Sponsorship, & Grant Updates
9. Future Business

The committee considered 4 motions, of which 4 passed, and 0 failed:
1. Approve the agenda as submitted (passed)
2. Approve the minutes. (passed)
3. Approve the FY21 marketing budget related to enrollment not to exceed $20,000. (passed)
4. Approve the extension of the FFCRA Sick Leave (American Rescue Plan Act of 2021) through 9/30/2021. (passed)

The meeting adjourned at 7:35PM

PTO Financials 5 minutes


Financial Review 30 minutes

  1. YTD Financials – Candy Yu
  2. Savings options - Candy Yu
  3. Annual budget FY21-22
  4. Cost Estimates for consideration for IB Program at TMSA (Voting Item)
  5. Contract Addendum Construction Management and Administration Support (Voting item)



Actions:

  1. Approve the IB Program for the initial and first years not to exceed $13,500.
  2. Approve the contract addendum for Construction Management and Administration Support not to exceed $73,000

Facility Improvements 10 minutes

  1. Janitorial Services
  2. Basement update
  3. VOIP Project Updates
  4. Interactive boards update


Fundraiser, Sponsorship, & Grant Updates 10 minutes

  1. Facility Grant – LED Project


Future Business 15 minutes

  • Resurface tennis courts, football/track field, baseball field, and courtyard (discuss artificial turf or pavers).
  • Activity vans for small groups.
  • Remodel the conference room and library.
  • Strategic plan update
  • Leader in Color – Principal’s request