JAMES ISLAND CHARTER HIGH SCHOOL

Finance Committee

Finance Meeting December 2024 - Tuesday December 10th, 2024 @2:00 PM

Meeting Agenda

Welcome and Call to Order 1 minutes

The meeting will be called to the order.

Approval of November Minutes 1 minutes

For approval.

https://drive.google.com/file/d/1rY_qvBZKQjnI5S6UQYZfU1Hru2EKnHJN/view?usp=drive_link


Attachments

Approval of Agenda 1 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.

Financial Statement 15 minutes

Prestige

FY24 Audit 10 minutes

For approval.


Audit:

https://drive.google.com/file/d/1fE91rp3BMhFYAZ-Y7PXQdHdF8UYIZCEe/view?usp=drive_link


Trial Balance:

https://docs.google.com/spreadsheets/d/1H9OZQZqS1VRlTJsixzh5Gz-5dQSoDi5p/edit?usp=drive_link&ouid=101358663215182710558&rtpof=true&sd=true

Science classroom addition 10 minutes

Informational.

New Playoff Pay Structure 15 minutes

For approval.


https://docs.google.com/spreadsheets/d/1Nt2eJADiNZWbpLJpZ1AAe1iTFR4j21UBWUuqJvDQlIs/edit?usp=sharing


Reasons:

1. Wanted to clean up the calculations to make it more fair across the board.

2. Wanted to try and decrease the total amount being paid out to help with budget.

3. Needed to reward things differently based on the ease of making the playoffs in the new 5A. 

4. Wanted to implement a Bonus structure for Head Coaches to allow them to increase their yearly supplement based on performances.


Notes:

  1. We changed to a system of paying based on percentages with the percentages increasing based on the proposition of playing better competition. 
  2. There are 3 alternative pay structures as you can see with them being labeled:  1     2    3  
  3. Yearly performance would be added yearly supplement money to the head coach (only) yearly stipend and all added money would continue to be paid for the remainder of the coach's tenure here at James Island. Once that coach is let go, resigns, or moves to another school the supplemental money would go back to the scheduled beginning supplemental pay found on tab 3. (Ex. Football wins a state championship, the football coach's yearly supplemental salary would increase to $16,000 for every year they continued to work at the school and held the title of Head Coach.)
  4. If we go with the Yearly Bonuses for Head Coaches, then we will need to go in and adjust bonus pay for them. 


Batting Cage Turf Project Quote 5 minutes

For approval.


December Finance Folder