[0:00] I guess we had it. Yeah, it's actually in Google. Yeah, that. All right. All right.

[0:10] So, my name is

[0:12] Casey Earrington and I am, we're opening the board meeting for Bridge Academy Elementary

[0:19] on August 26th at 9.07 a.m. in the morning.

[0:26] Now what? We're here. Sorry. Oh, sorry. Everything

[0:30] Just not quiet. I'm like, we're here. Go away. We're here. Mary Ann.

[0:36] Those in attendance are Jamie Stoddard, Linda Nelson,

[0:40] Ron Hubbardly, Lonnie Williams, and Mary Ann. What's last name?

[0:44] Henderson. Henderson.

[0:46] So do I need to make an old story like that for it to do this?

[0:52] I can take it from here, Casey. So it's easier for you.

[0:55] So, there's a consent item which is to prove the June 16th, 2026, and the July 27th, 2026

[1:06] board meeting minutes.

[1:07] If you'll just ask if anyone had changes and then entertain a motion to approve.

[1:14] Okay, do you have anybody have any changes or questions about the board meetings from 727 and

[1:20] 616?

[1:24] If there's none then I do have one only because I my husband had emergency surgery on the sixth you know in June. So I can't really vote on the minutes, but I can't on the 27th.

[1:39] Lynn, as long as you've seen the minutes, you can vote.

[1:42] Okay, well then that's fine.

[1:44] Yeah, I have seen them read through the minutes. So that's good.

[1:47] Okay.

[1:47] Okay, so do I need to get a motion, Janie, on this?

[1:51] Yeah, to approve the minutes from those board meetings.

[1:54] Can I get an motion to approve the board meeting minutes

[1:57] from 616, 26, and 727, 26?

[2:02] I make a motion.

[2:05] Can I get a second?

[2:06] Mary Ann's second, Tid.

[2:08] Okay, so Linda made the motion, Mary Ann's seconded it.

[2:13] Okay, board meeting minutes approved.

[2:16] We have one discussion and voting item and it's the public treasure investment fund and it's a public entity resolution update from the Treasury Department.

[2:31] It's the bridge elementary PTIF account, which is the public treasure investment fund account.

[2:37] we had to look up what PTIFs did for and right now I'm gonna let Ron talk a

[2:44] little bit about it but we found out that nobody that's currently with Bridge

[2:49] is on that so we need to have this board meeting today to prove but Ron

[2:55] do you want to talk to it for a little bit? Yeah so what happened was we sent over

[3:00] information to the auditors and then we're going through the books making sure

[3:04] where everything was lining up and realized there was a PTIF account that was on the books

[3:12] last fiscal year or the prior fiscal year but wasn't on the books this year.

[3:18] And they said what happened to it and we said we don't know, we don't know anything about

[3:23] this account.

[3:24] And so we contacted the state to see what we could do to at least get statements while

[3:30] we were working through this in the States as we can't give you any information about this account

[3:35] until this paper is signed and notice and so really let me share my screen really quick if I can

[3:44] try

[3:53] can you see it okay yep yeah we have it in the packet I think yeah okay um but yeah so basically

[4:03] It's just saying that we're approving Steve Finley, Janie Stoddard and I were on Hubbard

[4:10] to be able to access the statements and be able to disperse the funds as needed.

[4:18] Now, 40 in progress.

[4:23] And so from the auditors, it sounds like there's at least about $150,000 in there with added

[4:32] interest over the past year that we haven't seen. So it will be good to have that extra

[4:37] money. And the nice thing is, PTIF can be used for a lot of things, whether it's just...

[4:45] It's a pretty liquid account, so that means we can get access to the funds fairly simply,

[4:51] so that it can help cover day-to-day expenses. A lot of schools use it. If they have lower

[4:59] funds in their bank accounts to help cover payrolls and then they put the money back in there,

[5:03] things like that. It's really just to help run the school. It's a rainy day fund. So it is just

[5:15] another set of funds that we can use and it's at a higher interest rate. So we get a little more

[5:23] income out of that as well. Well that's good. Does it have a penalty to take it out or like you said?

[5:28] I mean, I, the liquid stuff that is for you guys, I don't particularly understand, but it's not a big issue to be able to move it around then.

[5:37] It's not great.

[5:39] It's just a separate account that we would just wire transfer money where it needs to go.

[5:44] So it's fairly simple to get to, but at the same time, we want to use it, save it for rainy days, things like that for emergencies that come up.

[5:52] Absolutely. That's kind of a nice surprise.

[5:55] Yeah, I like happy surprises like that. Absolutely.

[5:59] Okay,

[6:06] so Ron's a like at the end of the year. Like when you look at it, like, you know, we have some projections of how much money that we will not use.

[6:13] We will just push some of that money into that fund. Is that what you do or.

[6:16] Yep. We can set it up to do that. And we can actually.

[6:24] And yeah, probably end of the year is the best time to do it, but we can set money aside in the budget that will push to that.

[6:36] And the good news about having a PTF account, which I'm glad I'm happy to find out we have one is as this building gets older and the more we put into that account and then things start to go out right because we're in your seven.

[6:50] and so you're 10, I expect the building's going to have some kind of need.

[6:56] So we'll have that money in there in case, you know, our freezer finally goes out

[7:00] because it's been having problems or we need to replace HVAC or something like that.

[7:11] The extra money. It's a good problem to have. We were very happy it was there.

[7:15] Now we just need to get people who are actually the school onto the account, so

[7:20] Yeah, exactly. And for the record really quick, I want to just say that Susan Lindsay joined the board meeting.

[7:30] I see.

[7:31] Okay.

[7:32] And if there aren't any other questions or things you want to ask me or Ron, then Casey, you can entertain a motion to approve adding me, Steve Finley and Ron Hubbard to the PTIF account.

[7:50] with the Treasury. Okay, is there any questions, anything else need to be discussed about this for

[7:56] anybody?

[8:01] Okay, then I make a, can I get a motion to have, to approve Janie Stoddard,

[8:07] Ron Herbert, and Steve Finley to be put on the public treasure investment fund so we can have access

[8:12] here at Bridge Academy to that fund.

[8:19] Can I get that motion? Yeah, I'll take, I'll take the motion

[8:23] under make the motion. I am motion to have Stephen Finley, James,

[8:28] Janie Stoddard, and Ronald Hubbard be added to the PTIF account with the state

[8:34] treasure today on, I'm so bad with the day, August 26, 9, 15 a.m.

[8:43] Can we get a second?

[8:44] So,

[8:47] Marianne says, I will second it in the chat, but do we need to have a verbal?

[8:58] Yeah, why don't KCD mind-seconding it?

[9:02] Yeah, I can second that.

[9:05] Any further discussions or anything?

[9:09] Oh, and I think you guys have to vote.

[9:12] Oh yeah, just have a single vote.

[9:14] Okay, yeah, so so we have to do a roll call vote on it. Yeah, I'm getting Mary on back on the phone. Okay. Hi

[9:33] there, Mary on

[9:37] Maybe

[9:41] Yes, okay, Mary on go ahead. Oh

[9:46] Second, okay, yes, I approve

[9:50] Okay, case hearing can I

[9:57] So the motion passes. Yeah. Do we need to do anything else with that or? No. So the next board meeting is

[10:08] September 15th at 5 p.m. Does that still work for everybody?

[10:15] I believe so. Okay. Then other than that, then you just.

[10:20] get a motion to close this meeting yeah and all this was quick and it was great

[10:25] everybody to be here and next time I'm in charge I will try to do a little bit

[10:29] better I was a little nervous but can we get a motion to to dismiss or adjourn

[10:36] this board meeting until we meet against September 15th

[10:43] yes yeah thank

[10:46] sorry I will make a motion to and the bridge board meeting the Brazil

[10:50] elementary board meeting at 9, 6, or 18.

[10:54] Sorry, I'm going to have to run somewhere, 9, 18.

[10:57] I

[11:00] will second the motion.

[11:02] All right, then we are adjourned.

[11:04] May I ask a quick question of the board?

[11:06] Just additional.

[11:07] We're almost ready to go.

[11:08] Hold on a second.

[11:10] We've got to stop recording.

[11:12] Oh, hold on.

[11:12] Yes, you can.

[11:13] That's fine.

[11:15] Hold on.

Bridge Elementary Board Meeting

Transcript