K8 Monthly Financials - May 2024
HS Monthly Financials - May 2024
Intercoastal Monthly Financials - May 2024

We are pleased to report that the financial health of Global Enterprise remains strong. Although we received slightly less funding from Sales Surtax, the overall financial outlook remains positive. We expect that the the schools should meet year-end financial expectations.

Key policies around Compensation & Paid Time Off have been updated to reflect 2024-25 targets. The Progressive Discipline & the Employee Handbook have been updated to reflect Global's new name and legislative updates related to school safety.

Every 3 years the MOU with JSO must be renewed allowing them access to our emergency alert system (RAPTOR).

Schools are running afterschool activities that require collecting funds and issuing checks. HS already has an account. Each school needs the account.

K-12 Monthly Board Meetings: 2024-2025 Schedule

DCPS always recommends that an individual that was previously found to be out of field and has not satisfied the requirement is not eligible for hire. This is only a recommendation by our office and can be overruled by your board. Keep in mind that if the educator has not completed the out of field requirement and is subsequently placed in an out of field position, even for one day, Global Outreach Charter Academy may be subject to fines in an FEFP audit. This employee will work for Intercoastal and Mr. Stickel has verified that she will not be placed out of field.

The board approved the previous school votes on how to distribute the school recognition funds, now we present the names of who received the bonus to ratify.

IT and Facilities identified capitalized items that have reached the end of their useful life and need to be disposed. Please see attached list with highlighted items.

IT department identified the non-capitalized items that reached their useful life and need to be retired. All laptops that either broken or not useful any longer. They might use some of them for parts and recycle the other ones. Projectors that were used in classrooms are at the end of their useful life as well and are no longer used because smart boards were installed.

The Arts school needs more Chromebook than what were included in CSP budget due to budget limitations. On the other hand, Intercoastal campus has Chromebooks that were purchased with funds loaned to Intercoastal by General Funds of K-8 and GOCA Properties LLC. As a result, these Chromebook can be used by any school. Since Arts budget is very limited it's recommended to transfer 60 Chromebooks to Arts school from Intercoastal.

Board of Directors Officers Re-Appointments

For the inaugural year, Global Arts has created a Wellness Plan to ensure students have healthy food choices as well as an appropriate health curriculum. This plan needs board review and approval.

For its inaugural year, Global Arts created a Safety Plan that includes procedures and contact information for all safety measures. This plan needs board review and approval before implementation.

School needs to sign an engagement letter with independent auditor to perform financial audits. It would make sense to stay with Coleman And Associates to keep everything under the same roof. Engagement letter is attached.

All GLOBAL schools must submit their individual reading plans which the Board needs to review and approve.

Some new safety-related legislature has been released. All schools must comply with them by incorporating the updates into School Safety Policies.

We need to purchase Wetland credits for impact of wetlands behind the Grizzly Building for the soccer fields. The source of funding is the Bond proceeds we borrowed in 2023. Our budget for the fields is $1,500,000

Please see attached preliminary 2024-2025 budgets.

The Global Arts was not initially included in the agreement between Outreach Education and Global. Now that Global Arts has been established we need to include it in the agreement with the Service provider.