K8 Monthly Financials - August 2023

HS Monthly Financials - August 2023

Intercoastal Monthly Financials - August 2023

Policy in alignment with FLDOE Legislative Update

Policy aligned with FLDOE legislative updates.

Policy Aligned with FLDOE Legislative Updates

Policy aligned to FLDOE Legislative update

Schools need to have a written investment policy. This policy was designed by the school's attorney and the school's Financial Advisor, Richard Moreno.

The transfer of funds from LLC to Intercoastal $50,000 was transferred on Jul 13, 2023 and another $250,000 was transferred on 9/27/2023.

The financial control policy needs to be updated to reflect the change in operations of the schools due to a contract with the Education Service Provider.

Resolutions to open a checking account at Chase bank for K-8 and to add Gregory Stickel and Dmitriy Goncharov for Intercoastal Checking account.

Transfer $400,000 to GOCA Arts for start-up operations

Since GOCA does not have an Executive Staff the Board must sign the JEA Authorization to begin work on the GOCA Intercoastal utilities.

New legislation required an update to our school safety policy.

New legislation requires an update to the Internet Safety Policy

New Legislation requires a policy and form for parents to request a name deviation.

Teachers that have been identified out of field for the subject area they currently teach in must be presented to and approved by the Board of Directors to comply with the FTE requirement.
 

The GOCA Board needs to authorize Ilya Soroka and Slavic Goryuk to be Authorized representatives for the purpose of construction administration and development for GOCA Intercoastal. 

The GOCA Board needs to authorize Ilya Soroka and Slavic Goryuk to be Authorized representatives for the purpose of construction administration and development for GOCA Arts.

Hire this firm to Submit all documents to submit the IRS to receive an Employee Retention Tax credit.

The service agreement GOCA signed with Outreach Education did not include facility service and development services for new projects because the attorneys couldn't get this ready for the June Board meeting. The financial implications of this agreement were shown to the Board Committee that met in June to discuss this and the fees were included in the July Annual Budgets approved by the Board. 

Approval of Reimbursement Resolution for GOCA Properties Intercoastal, LLC.  The Board previously approved a Reimbursement Resolution for GOCA Properties, LLC, to allow it to be reimbursed out of bond proceeds for out-of-pocket expenses in relation to the GOCA Intercoastal project.  The GOCA Intercoastal property is currently owned by GOCA Properties Intercoastal, LLC, and was going to be transferred to GOCA Properties, LLC, as part of the financing for the GOCA Intercoastal facility.  This new Reimbursement Resolution will give the Board flexibility to be reimbursed out of bond proceeds for out-of-pocket expenses in connection with the GOCA Intercoastal project in the event that it choose to keep the property with GOCA Properties Intercoastal, LLC for the GOCA Intercoastal facility financing.

The K8 Charter Contract is coming up for renewal. 

GOCA hires a CPA firm to perform an Audit of GOCA finances. These audits are presented to the board for review and approval.

Designate Larry Williams to sign the Bear Creek Term Sheet and proceed to substantial final documents. 

Bear Creeks termsheet requires GOCA to continue to use R.D. Michael as the General Contractor for GOCA IC construction. A COJ site clearing and grading permit is expected to curve within two weeks. This contract is only for site clearing and grading. GOCA K8 will need to transfer the amount to GOCA IC to pay for expenses, but will be reimbursed at closing with bond proceeds.