1 00:00:00,000 --> 00:00:08,240 I guess we had it. Yeah, it's actually in Google. Yeah, that. All right. All right. 2 00:00:10,510 --> 00:00:12,770 So, my name is 3 00:00:12,770 --> 00:00:19,010 Casey Earrington and I am, we're opening the board meeting for Bridge Academy Elementary 4 00:00:19,010 --> 00:00:23,830 on August 26th at 9.07 a.m. in the morning. 5 00:00:26,710 --> 00:00:30,550 Now what? We're here. Sorry. Oh, sorry. Everything 6 00:00:30,550 --> 00:00:33,630 Just not quiet. I'm like, we're here. Go away. We're here. Mary Ann. 7 00:00:36,710 --> 00:00:39,850 Those in attendance are Jamie Stoddard, Linda Nelson, 8 00:00:40,510 --> 00:00:43,830 Ron Hubbardly, Lonnie Williams, and Mary Ann. What's last name? 9 00:00:44,630 --> 00:00:46,030 Henderson. Henderson. 10 00:00:46,630 --> 00:00:52,060 So do I need to make an old story like that for it to do this? 11 00:00:52,300 --> 00:00:55,320 I can take it from here, Casey. So it's easier for you. 12 00:00:55,320 --> 00:01:06,200 So, there's a consent item which is to prove the June 16th, 2026, and the July 27th, 2026 13 00:01:06,200 --> 00:01:07,500 board meeting minutes. 14 00:01:07,620 --> 00:01:13,900 If you'll just ask if anyone had changes and then entertain a motion to approve. 15 00:01:14,720 --> 00:01:20,540 Okay, do you have anybody have any changes or questions about the board meetings from 727 and 16 00:01:20,540 --> 00:01:21,240 616? 17 00:01:24,770 --> 00:01:38,210 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. 18 00:01:39,270 --> 00:01:41,610 Lynn, as long as you've seen the minutes, you can vote. 19 00:01:42,050 --> 00:01:43,590 Okay, well then that's fine. 20 00:01:44,270 --> 00:01:46,890 Yeah, I have seen them read through the minutes. So that's good. 21 00:01:47,170 --> 00:01:47,350 Okay. 22 00:01:47,350 --> 00:01:51,310 Okay, so do I need to get a motion, Janie, on this? 23 00:01:51,590 --> 00:01:54,010 Yeah, to approve the minutes from those board meetings. 24 00:01:54,290 --> 00:01:57,090 Can I get an motion to approve the board meeting minutes 25 00:01:57,090 --> 00:02:00,350 from 616, 26, and 727, 26? 26 00:02:02,770 --> 00:02:03,750 I make a motion. 27 00:02:05,030 --> 00:02:05,890 Can I get a second? 28 00:02:06,570 --> 00:02:08,090 Mary Ann's second, Tid. 29 00:02:08,730 --> 00:02:12,570 Okay, so Linda made the motion, Mary Ann's seconded it. 30 00:02:13,670 --> 00:02:16,030 Okay, board meeting minutes approved. 31 00:02:16,030 --> 00:02:30,190 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. 32 00:02:31,830 --> 00:02:37,930 It's the bridge elementary PTIF account, which is the public treasure investment fund account. 33 00:02:37,930 --> 00:02:44,710 we had to look up what PTIFs did for and right now I'm gonna let Ron talk a 34 00:02:44,710 --> 00:02:49,930 little bit about it but we found out that nobody that's currently with Bridge 35 00:02:49,930 --> 00:02:55,610 is on that so we need to have this board meeting today to prove but Ron 36 00:02:55,610 --> 00:03:00,730 do you want to talk to it for a little bit? Yeah so what happened was we sent over 37 00:03:00,730 --> 00:03:04,610 information to the auditors and then we're going through the books making sure 38 00:03:04,610 --> 00:03:12,650 where everything was lining up and realized there was a PTIF account that was on the books 39 00:03:12,650 --> 00:03:18,470 last fiscal year or the prior fiscal year but wasn't on the books this year. 40 00:03:18,870 --> 00:03:23,370 And they said what happened to it and we said we don't know, we don't know anything about 41 00:03:23,370 --> 00:03:23,970 this account. 42 00:03:24,830 --> 00:03:30,570 And so we contacted the state to see what we could do to at least get statements while 43 00:03:30,570 --> 00:03:35,490 we were working through this in the States as we can't give you any information about this account 44 00:03:35,490 --> 00:03:42,910 until this paper is signed and notice and so really let me share my screen really quick if I can 45 00:03:44,330 --> 00:03:44,890 try 46 00:03:53,050 --> 00:04:03,690 can you see it okay yep yeah we have it in the packet I think yeah okay um but yeah so basically 47 00:04:03,690 --> 00:04:09,770 It's just saying that we're approving Steve Finley, Janie Stoddard and I were on Hubbard 48 00:04:10,410 --> 00:04:17,650 to be able to access the statements and be able to disperse the funds as needed. 49 00:04:18,190 --> 00:04:22,050 Now, 40 in progress. 50 00:04:23,150 --> 00:04:32,470 And so from the auditors, it sounds like there's at least about $150,000 in there with added 51 00:04:32,470 --> 00:04:37,790 interest over the past year that we haven't seen. So it will be good to have that extra 52 00:04:37,790 --> 00:04:43,390 money. And the nice thing is, PTIF can be used for a lot of things, whether it's just... 53 00:04:45,510 --> 00:04:50,610 It's a pretty liquid account, so that means we can get access to the funds fairly simply, 54 00:04:51,690 --> 00:04:59,370 so that it can help cover day-to-day expenses. A lot of schools use it. If they have lower 55 00:04:59,370 --> 00:05:03,630 funds in their bank accounts to help cover payrolls and then they put the money back in there, 56 00:05:03,710 --> 00:05:13,190 things like that. It's really just to help run the school. It's a rainy day fund. So it is just 57 00:05:15,830 --> 00:05:23,170 another set of funds that we can use and it's at a higher interest rate. So we get a little more 58 00:05:23,170 --> 00:05:28,610 income out of that as well. Well that's good. Does it have a penalty to take it out or like you said? 59 00:05:28,610 --> 00:05:37,250 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. 60 00:05:37,610 --> 00:05:38,490 It's not great. 61 00:05:39,370 --> 00:05:44,530 It's just a separate account that we would just wire transfer money where it needs to go. 62 00:05:44,870 --> 00:05:51,970 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. 63 00:05:52,550 --> 00:05:54,630 Absolutely. That's kind of a nice surprise. 64 00:05:55,150 --> 00:05:58,550 Yeah, I like happy surprises like that. Absolutely. 65 00:05:59,170 --> 00:05:59,550 Okay, 66 00:06:06,080 --> 00:06:12,860 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. 67 00:06:13,060 --> 00:06:15,960 We will just push some of that money into that fund. Is that what you do or. 68 00:06:16,480 --> 00:06:20,860 Yep. We can set it up to do that. And we can actually. 69 00:06:24,280 --> 00:06:34,380 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. 70 00:06:36,580 --> 00:06:50,900 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. 71 00:06:50,900 --> 00:06:55,960 and so you're 10, I expect the building's going to have some kind of need. 72 00:06:56,160 --> 00:07:00,760 So we'll have that money in there in case, you know, our freezer finally goes out 73 00:07:00,760 --> 00:07:04,920 because it's been having problems or we need to replace HVAC or something like that. 74 00:07:11,400 --> 00:07:15,440 The extra money. It's a good problem to have. We were very happy it was there. 75 00:07:15,880 --> 00:07:20,080 Now we just need to get people who are actually the school onto the account, so 76 00:07:20,080 --> 00:07:28,980 Yeah, exactly. And for the record really quick, I want to just say that Susan Lindsay joined the board meeting. 77 00:07:30,120 --> 00:07:30,880 I see. 78 00:07:31,360 --> 00:07:31,920 Okay. 79 00:07:32,400 --> 00:07:50,000 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. 80 00:07:50,000 --> 00:07:56,320 with the Treasury. Okay, is there any questions, anything else need to be discussed about this for 81 00:07:56,320 --> 00:07:56,540 anybody? 82 00:08:01,000 --> 00:08:07,180 Okay, then I make a, can I get a motion to have, to approve Janie Stoddard, 83 00:08:07,460 --> 00:08:12,940 Ron Herbert, and Steve Finley to be put on the public treasure investment fund so we can have access 84 00:08:12,940 --> 00:08:14,920 here at Bridge Academy to that fund. 85 00:08:19,770 --> 00:08:23,090 Can I get that motion? Yeah, I'll take, I'll take the motion 86 00:08:23,090 --> 00:08:28,350 under make the motion. I am motion to have Stephen Finley, James, 87 00:08:28,570 --> 00:08:34,250 Janie Stoddard, and Ronald Hubbard be added to the PTIF account with the state 88 00:08:34,250 --> 00:08:41,590 treasure today on, I'm so bad with the day, August 26, 9, 15 a.m. 89 00:08:43,450 --> 00:08:44,090 Can we get a second? 90 00:08:44,090 --> 00:08:45,150 So, 91 00:08:47,300 --> 00:08:57,150 Marianne says, I will second it in the chat, but do we need to have a verbal? 92 00:08:58,870 --> 00:09:01,650 Yeah, why don't KCD mind-seconding it? 93 00:09:02,050 --> 00:09:03,070 Yeah, I can second that. 94 00:09:05,710 --> 00:09:07,710 Any further discussions or anything? 95 00:09:09,190 --> 00:09:11,610 Oh, and I think you guys have to vote. 96 00:09:12,330 --> 00:09:14,390 Oh yeah, just have a single vote. 97 00:09:14,390 --> 00:09:23,830 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 98 00:09:33,330 --> 00:09:34,030 there, Mary on 99 00:09:37,900 --> 00:09:38,480 Maybe 100 00:09:41,040 --> 00:09:45,260 Yes, okay, Mary on go ahead. Oh 101 00:09:46,380 --> 00:09:49,080 Second, okay, yes, I approve 102 00:09:50,260 --> 00:09:52,160 Okay, case hearing can I 103 00:09:57,600 --> 00:10:08,680 So the motion passes. Yeah. Do we need to do anything else with that or? No. So the next board meeting is 104 00:10:08,680 --> 00:10:12,540 September 15th at 5 p.m. Does that still work for everybody? 105 00:10:15,050 --> 00:10:19,710 I believe so. Okay. Then other than that, then you just. 106 00:10:20,870 --> 00:10:25,470 get a motion to close this meeting yeah and all this was quick and it was great 107 00:10:25,470 --> 00:10:29,210 everybody to be here and next time I'm in charge I will try to do a little bit 108 00:10:29,210 --> 00:10:36,690 better I was a little nervous but can we get a motion to to dismiss or adjourn 109 00:10:36,690 --> 00:10:40,230 this board meeting until we meet against September 15th 110 00:10:43,750 --> 00:10:46,010 yes yeah thank 111 00:10:46,010 --> 00:10:50,850 sorry I will make a motion to and the bridge board meeting the Brazil 112 00:10:50,850 --> 00:10:54,010 elementary board meeting at 9, 6, or 18. 113 00:10:54,250 --> 00:10:56,390 Sorry, I'm going to have to run somewhere, 9, 18. 114 00:10:57,170 --> 00:10:57,430 I 115 00:11:00,220 --> 00:11:01,560 will second the motion. 116 00:11:02,620 --> 00:11:04,040 All right, then we are adjourned. 117 00:11:04,340 --> 00:11:06,240 May I ask a quick question of the board? 118 00:11:06,580 --> 00:11:07,400 Just additional. 119 00:11:07,580 --> 00:11:08,540 We're almost ready to go. 120 00:11:08,980 --> 00:11:10,080 Hold on a second. 121 00:11:10,760 --> 00:11:11,580 We've got to stop recording. 122 00:11:12,280 --> 00:11:12,820 Oh, hold on. 123 00:11:12,820 --> 00:11:13,380 Yes, you can. 124 00:11:13,720 --> 00:11:14,160 That's fine. 125 00:11:15,600 --> 00:11:16,480 Hold on.