Motion to adjourn
By: Chaz Patterson Seconded by: Jessica Pressley-Willis
There was no notable discussion on the motion.
Chattahoochee Hills Charter School
Finance Committee
Finance Committee Meeting - Tuesday July 23rd, 2019 @6:00 PM
Meeting Minutes
Attendance Summary
| Name | Status | Arrival Time | Departure Time |
|---|---|---|---|
| Peter Vantine | not present chair | ||
| Jessica Pressley-Willis | present member | On Time | At Adjournment |
| Kapinga Mukenge | present member | On Time | At Adjournment |
| Patrick Muhammad | present member | On Time | At Adjournment |
| Chaz Patterson | present member | On Time | At Adjournment |
Financial Review and Updates
- Development Consultant Strategy
- CHCS Foundation (Payment status and updates)
- FY19 Audit Engagement Overview
- School Bank Account Changes and Recommendations for Board Approval
Development Consultant Strategy
The committee clarified that most donations will be received by Chaz and be recorded for accounting purposes. All donations will be shared with the development consultant or staff person to be entered into a donor data base program. This program will also track all in-kind donations and volunteer support. Donations may also be received by the Foundation when requested by the donor. These donations will also be entered into the common donor data base and transferred to the school on a per project/as needed basis. Our immediate need is to clarify how donations will be received and recorded by Chaz capturing as much personal identification information as possible. The school will add a bank account to be solely used for donations.
CHCS Foundation Payments
The committee discussed the new role of the Foundation and the required expenses. The Foundation will need to submit the required expenses to the school, so that the school can make monthly payments to cover those expenses. It has been suggested that the Foundation eliminate all expenses that are no longer needed with the clarification of their new role.
School Bank Account Changes
Chaz presented that the school needs to present an approval request to the Governing Board to add 2 bank accounts for 1) Donations and 2) Principal Discretionary.
Chaz will also prepare documents to update signers on the school accounts to be reviewed and signed by the Governing Board Chairperson.
The Meeting was Adjourned
The meeting adjourned at approximately 9:12 pm