Ken Merritt welcomed Glenn Kautt to the board.

The numerous events of the past few month were briefly highlighted.

Ken Merritt also mentioned the intent to have a board discussion about the strategic plan (from the board perspective re committees and operating/engagement model) at a future date. This will most likely happen at the next board meeting on May 09 Thu.

WLPCS was positively referenced in an article by THE FREE PRESS.

Peter Anderson explained the Equitable Access Preference and its impact on lottery seat numbers.

Apr 11 Thu and Apr 12 Fri :

AJC performs ANNIE JR at the 2nd St Campus.

Geovanna Izurieta talked about the Feb financials.

The following (KPI) Key Performance Indicators all exceed their recommended thresholds.

• 117 days of cash at year end
• 2.3% gross margin
• 81% grants invoiced
• 1.89 DSCR

The annotated financials show WLPCS is ahead in revenue and behind in expenses.

The main variations in revenue are driven by changes (an increase) in student enrollment and additional WTU funding.

The expenses report indicate overspending in salaries. The higher staffing costs are due to additional positions, WTU related retro stipends and salary increases, partially offset by vacancies.

There are 7 students requesting a waiver of the 2 year world language requirement. The Academic Committee has reviewed the circumstances of these 7 students, and is asking the board to approve the waiver for these 7 students.

Caroline Gifford gave a quick update on the framework established by the PAIDEIA Committee (a cross campus committee) as a template for the WLPCS vision of excellent teaching, The framework is a guide for WLPCS coaching and evaluation practices, and provides common language for all to improve teaching and learning. This is the first year implementing the framework at both campuses, and has been a success so far.

Our ($500K) application to a foundation has been postponed to their next cycle. We should expect a decision in Oct/Nov 2024. Peter Anderson commented that this can be viewed optimistically because the application has not been rejected by the foundation.

WLPCS is searching for a development consultant. There have been 5 candidates so far, but none is a good fit. One of the roles of the development consultant would be to help reactivate the "Capital Campaign" task force.

May 06 Mon and May 10 Fri :

The 2nd St Campus is hosting visit days for guests who attended (or were invited to) the Mar 09 Sat Arena Stage event.

The relocation of AJC from 711 Edgewood St NE to 4301 Harewood Rd NE has been approved by DCPCSB.

There was a lengthy discussion about the consequences of the new ASPIRE framework. DCPCSB has extended the new ASPIRE framework "comment" period to Apr 22 Mon, but it was noted that this unlikely to result in a favorable decision.

Peter Anderson reviewed (GOVERNING THE LATIN WAY) OUR CORE PRINCIPLES, a reminder of the core principles that should guide board oversight.

2024 May : presentation of the slate of officers

2024 Jun : election of officers

ACTION : board members to complete and submit HOS evaluation

Tom Porter reported that the KIROV project building permit is on track. Both mechanical and plumbing have been approved.

Apr 30 Tue @ 5:30pm is the next Facilities Committee meeting.

Geovanna Izurieta informed the board about the status of the Eagle Bank Term Sheet. In consultation with (the WLPCS attorney) ARENT FOX, the next step is to sign/execute the Term Sheet. We are on schedule for a Jul closing date, and we are expecting the commitment letter in May which will require a board vote.

Peter Anderson presented in depth the 2023 National Charter School Compensation and Benefits Study, and showed a comparison of WLPCS salaries and benefits to other DC Charter schools.

The WLPCS compensation strategy and pay scale(s) that have been in effect for a few years is due for an evaluation soon.

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