Motion made to approve the January Finance Meeting minutes.
By: Carrie Holland Seconded by: Henry Meeuwse
There was no notable discussion on the motion.
JAMES ISLAND CHARTER HIGH SCHOOL
Finance Committee
Finance Meeting February 2025 - Tuesday February 18th, 2025 @2:00 PM
Meeting Minutes
Attendance Summary
| Name | Status | Arrival Time | Departure Time |
|---|---|---|---|
| Yolanda Chisolm | not present member | ||
| Timothy Thorn | present member | On Time | At Adjournment |
| Archie Temoney | not present member | ||
| Carrie Holland | present member | On Time | At Adjournment |
| Henry Meeuwse | present member | On Time | At Adjournment |
Welcome and Call to Order
The meeting was called to the order by Mr. Thorn at 2:00 PM.
Approval of Agenda
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 made to approve the agenda as submitted
By: Carrie Holland Seconded by: Henry Meeuwse
There was no notable discussion on the motion.
Financial Statement
Presented by Andrew Cilone of Prestige.
Days Cash on Hand is up about 10 days from the previous month.
There was $429,000 transfered from the Ameriprise account to the Operating account in addition to the increase in funding that was received in January. The $429,000 represented about 6 days, the other 4 days was growth.
The Operating account is above 60 days Cash on Hand.
There was about a 10 day increase with the additional funding.
Operating income is back to the positive. Last month it was negative $18,000, this month it is positive $259,000.
Net income continues to be negative due to construction spending.
Balance Sheet
The retainage payable had about $23,000 paid off for the Turf Project, which is completely finalized.
What is left is for the Hill Project, which is around $163,000 retainage payable.
The final Hill payment was approved and should be reflected in the February budget.
We received about $400,000 from CCSD at the beginning of February.
We're looking at about 45.67% remaining at this point.
Potential Upcoming Projects
ROTC Drill Pad - $50,000
PAC Lighting Project - $100,000
CCSD Budget and Salary Projects for FY 26
Informational
CCSD FY2026 190 Day Teacher Salary Schedule (Draft)
For teaches, CCSD is not going to use Steps 0-4 and will start everyone at Step 5, which is roughly $65,000. We will match what CCSD is doing.
We have very few teachers under Step 5.
CCSD has been more aggressive with teacher increases over the last couple of years.
PAC Lighting Quote
For approval. Waiting for additional information from vendors.
Motion made to table the vote on the PAC Lighting Quote.
By: Carrie Holland Seconded by: Henry Meeuwse
There was no notable discussion on the motion.
Science Classroom Update
Informational
The Meeting was Adjourned
The meeting adjourned at approximately 2:51 pm.
Motion to adjourn
By: Carrie Holland Seconded by: Henry Meeuwse
There was no notable discussion on the motion.