Global Leadership Academy
Minutes
K-12 Board of Directors Meeting
Date and Time
Friday September 30, 2022 at 9:30 AM
Location
(VIRTUAL)
Google Meet joining info
Video call link: https://meet.google.com/tah-jgfm-nkw
Or dial: (US) +1 929-999-1347 PIN: 319 894 841#
Directors Present
C. Hearn (remote), L. Williams (remote), V. Budnik (remote)
Directors Absent
V. Kushnar, Y. Brychka
Guests Present
A. Korchuk, D. Goncharov (remote), G. Stickel (remote), I. Soroka (remote), Lana Zhuk (remote), Liliya Soroka (remote), M. Gross-Arnold (remote), Nataliya Panasyuk (remote), Tim Coleman (remote), Vitaliy Sulakov (remote), Y. Degtyareva (remote), tim@colemanandassociatescpa.com (remote)
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
II. Approve Previous Board Minutes
A.
Approve Previous Board Meeting Minutes
III. Public Comments
A.
Public Comments
No public comments
IV. Consent Items
A.
Monthly Financials K-12 August 2022
Consent item - monthly financials K-12 is being moved to be discussed at the next board meeting.
V. Board Resolution to appoint Ilya Soroka as the Principal Designee and Parent Liaison.
A.
Board Resolution to appoint Ilya Soroka as the Principal Designee and Parent Liaison.
Mr. Ilya Soroka has presented the motion to appoint him as a Principal designee and a Parent Liaison for this board meeting due to the Hurricane Ian. For the rest of the Board meetings Ms. Hearn recommends on having a Parent Representative that is a parent of the current GOCA schools to be present at the Board Meeting.
VI. Approval of payments for HS Gym Construction funds from GOCA Properties funds
A.
Approval of payments for HS Gym Construction funds from GOCA Properties funds
VII. Borrower’s Approving Resolution on behalf of GOCA and GOCA Properties, LLC
A.
Borrower’s Approving Resolution on behalf of GOCA and GOCA Properties, LLC
VIII. Amendment to Reimbursement Resolution
A.
Amendment to Reimbursement Resolution
IX. Designate Authorized Representatives for Zion Bank
A.
Designate Authorized Representatives for Zion Bank
Discussion item moved to the next board meeting
X. Strategic Plan
A.
Strategic Plan
Mr. Ilya Soroka has presented a strategic plan that was drafted by the Board of Directors and GOCA's executive team. This is a live document that will need to be reviewed and amended in the future. The motion is to adopt the current version and continue to improve it moving forward.
The plan will be amended as needed in the future.
XI. K8 Audit 2021-2022 Report
A.
K8 Audit 2021-2022 Report
The budget has been presented by Tim Coleman and reviewed by the Board of Directors prior and during the board meeting.
XII. HS Audit 2021-2022 Report
A.
HS Audit 2021-2022 Report
The budget has been presented by Tim Coleman and reviewed by the Board of Directors prior and during the board meeting.
XIII. Consolidated Audit 2021-2022 Report
A.
Consolidated Audit 2021-2022 Report
The budget has been presented by Tim Coleman and reviewed by the Board of Directors prior and during the board meeting.
XIV. Updated Board of Directors Meeting Schedule 2022-2023
A.
Updated Board of Directors Meeting Schedule 2022-2023
Board Meeting Schedule will be updated to comply with the FTE requirements. The next board meeting will be scheduled during the week of October 10th.
Previous board Meeting Minutes will be reviewed and approved at the next regular Board Meeting.