Governing Board Meeting

What
Governing Board Meeting
When
7/28/2020, 7:00 PM 8:00 PM
Where
Zoom

TMSA Governing Board Meeting, 7pm, June 30th.

You may download the Zoom app to our phone or computer.
You may access the Zoom meeting using the link below.
You may call-in to the Zoom meeting using the call-in information below.


Zoom meeting ID: 915-012-8622

Password: tmsa (lower case)

Link:www.tinyurl.com/tmsazoom

Call-in: 646-568-7788 or 415-762-9988

Welcome and Call to Order 1 Min
Approval of Agenda 5 Min
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.

Motion: Approve the agenda as submitted
Public Comment 10 Min
Our Public Comment period is for members of the public to address the board. Each member of the public may sign up to comment at the meeting, and will be allotted two minutes. The board will listen, but may not directly respond to any comments. Our meetings are open to the public and public record. As such, if your comment is about a private matter, please contact the board via email, or speak to the board chair privately.

Principal Report 15 Min
Report attached provided by Principal Parker.

Finance Committee Report 30 Min
PTO Financials: None were submitted to Finance.
FY20 Financials:
Executive Summary: Focus was on the PPP funds.
Challenges: None.
Recommendations: None.
Financial Statements: Monthly budgeted income is $751k and our actual income is $681k. The main reason for being below budget is the ASP and SNP refunds as well as decrease in fundraising due to school closure. Monthly budgted expense is $670k and our actual expenses are $531k. The main reason for being below budget is the decrease in curriculum, student activities, security, and school nutrition program due to school closure. Monthly budgeted net surplus is $81k and our actual surplus is $79k. Due to school facility closure, the reduction in monthly operational expenses contributed heavily to the additional budget surplus. YTD budgeted net surplus is $427k, and our actual surplus is $432k. Net surplus is above budget budget mainly due to $250K of capital outlay reserves in the YTD budget, additional revenue from E-rate & Connections for classrooms.
Budget - FY21 budget was approved in April.
Cash Flow - Cash bal. is $4.6M which is 233 days cash on hand and 11 months of expenses for this fiscal year at this time based on SCSC calculations. Based on our prior 12 months of expenses, we have 208 days cash on hand.
Debt: $987,800 PPP Loan funded May 13th, and currently recognized as short-term liability until loan waiver is issued.
System: NA
Banking: NA
Others: (Audit)
FY21 Budget Updates
Basement RFP update
Facilities grant and capital improvement updates


Faculty Report 10 Min
This report comes from the staff elected faculty member to the board, Dr. Moore.


Communications Report 15 Min
This report is submitted by the communications chair.

Academic & School Performance Committee Report 15 Min
This report is submitted by the ASPC Chair.

Discussion related to Master Schedule and FCS reopening mode.


Item #1 - Vote on the Master Schedule as presented from the previous meeting.


Item #2 - Vote to adopt Fulton County Schools reopening model for 2020-2021.

Motion: Approve the Master Schedule as presented by Principal Parker
Motion: TMSA will mirror Fulton County Schools' yet to be adopted reopening model for 2020-2021.
Governance Committee Report 10 Min
This report is submitted by the governance commitee chair.

President’s Report 15 Min
This report is made by the governing board President.

Status of Charter renewal
SY 2020-2021 Board leadership
Future Business 5 Min
This is to add new business to next month’s agenda.

Adjourn 1 Min

https://www.charterboards.com/…

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