Global Leadership Academy
K-12 Board of Directors Meeting
Date and Time
Location
K-12 GOCA Board Meeting (VIRTUAL)
Wednesday, February 28 · 4:30 – 5:30pm
Time zone: America/New_York
Google Meet joining info
Video call link: https://meet.google.com/hnk-hfgf-eur
Or dial: (US) +1 551-900-1413 PIN: 561 837 664#
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 4:30 PM | |||
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Opening Items
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| A. | Record Attendance | Yekaterina Degtyareva | 2 m | ||
| B. | Call the Meeting to Order | Larry Williams | 1 m | ||
| II. | Consent Agenda | 4:33 PM | |||
| A. | Approve Previous Board Minutes 1-13-24 | Approve Minutes | Larry Williams | 2 m | |
| B. | Approve Previous Board Minutes 2-07-24 | Approve Minutes | Larry Williams | 2 m | |
| C. | Monthly Financials (K-12) November 2023 | Vote | Dmitriy Goncharov | 1 m | |
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K8 Monthly Financials - November 2023
The schools are moving along budget lines. |
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| D. | Monthly Financials (K-12) December 2023 | Vote | Dmitriy Goncharov | 1 m | |
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K8 Monthly Financials - December 2023 HS Monthly Financials - December 2023 Intercoastal Monthly Financials - December 2023
The schools are moving along budget lines. |
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| E. | Monthly Financials (K-12) January 2024 | FYI | Dmitriy Goncharov | 1 m | |
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K8 Monthly Financials - January 2024 HS Monthly Financials - January 2024 Intercoastal Monthly Financials - January 2024
The schools are moving along budget lines. Schools finally got most of the budgeted Property Tax mill money. Intercoastal received first reimbursement of CSP funds in the amount of $219K. We expect to purchase more furniture for Intercoastal under CSP funds. |
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| F. | Integrity Public Finance Engagement Letter | Vote | Dmitriy Goncharov | 2 m | |
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Engagement Letter to provide annual Arbitrage Rebate Calculation for currently outstanding bonds. Integrity Public Finance company is a locally owned company that provides similar services to other Charter Schools in Jacksonville. |
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| G. | Update Authorized Representative for 401k | FYI | Brooklyn Stabile | 1 m | |
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This form is to authorize removing Sergey Soroka as the Authorized Representative for the 401k and adding CFO Dmitriy Goncharov & HR Director Brooklyn Stabile. |
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| H. | 2024-25 Compensation Policy | Vote | Brooklyn Stabile | 2 m | |
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We are updating the policy for the new year which includes updating the pay schedule, stipends, AP scale, and the non-teacher pay ranges to reflect eligible increases for next year. |
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| III. | Public Comments | 4:45 PM | |||
| A. | Public Comments | Discuss | 5 m | ||
| IV. | Approval of Consent Agenda | 4:50 PM | |||
| A. | Approval of Consent Agenda | Vote | Larry Williams | 5 m | |
| V. | Discussion Items | 4:55 PM | |||
| A. | Mid-Year Budgets | Vote | Dmitriy Goncharov | 5 m | |
|
District is requiring budget to be approved twice a year. The mid-year budget looks close to original budgets with some deviations. Intercoastal ended up with 312 students instead of 333 originally budgeted. As the result, we had to infuse more cash into Intercoastal than originally planned. Capital Outlay funds that were received from the state are lower than originally expected. However, I'm communicating with the district now to find out how and when the district will make up the difference, which is required by the state. GLOBAL enterprise is on track to be well above financial covenants required by the bonds. |
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| VI. | Board Comments | 5:00 PM | |||
| A. | Adjourn Meeting | Vote | |||