Global Leadership Academy
Minutes
K-12 GOCA Board of Directors Meeting
Date and Time
Thursday June 29, 2023 at 4:30 PM
Location
1252 Fromage Way
Jacksonville, FL 32225
Directors Present
C. Hearn, L. Kolyesnik, L. Williams, V. Budnik, V. Sendetskiy, Y. Brychka
Directors Absent
V. Kushnar
Guests Present
A. Korchuk, D. Goncharov, G. Stickel (remote), I. Soroka, J. Chisholm, J. Galeani (remote), J. Hemphill, Y. Degtyareva
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
II. Consent Agenda
A.
Approve Previous Board Minutes 04-18-2023
B.
Approve Previous Board Minutes 5-31-23
C.
Monthly Financials (K-12) May 2023
D.
Board of Directors Officers Re-Appointments
Board members recommend to re-affirm the officers board members Larry Williams as Board Chair, Cheryl Hearn as Board Secretary, and Veniamin Kushnir to Board Treasurer.
E.
Board of Directors Re-Appointments
Board members recommend to re-affirm board members based on the even numbers as presented in the documents to the Board.
F.
GOCA K-12 Monthly Board Meetings: 2023-2024 Schedule
G.
Resignation letters
H.
Financial Advisor Engagement Letter
GOCA staff recommends for the Board of Directors to approve the hire an FA for the GOCA Intercoastal Expansion.
I.
Mental Health Plan Opting in District
GOCA staff recommends for all schools K-8, K-8 Intercoastal, High School to opt in the district Mental Health Plan.
J.
Preliminary budgets 23-24 school years
Dmitriy Goncharov recommends for the Board of Directors to approve preliminary budgets for GOCA K-8, GOCA High School and GOCA Intercoastal. The budgets are made in a conservative, fiscally responsible manner but at the same time, making sure students get all they need to get.
K.
Retirement of assets
Dmitriy Goncharov recommends for the Board of Directors to approve the retirement of assets as presented by GOCA staff. The IT department and facilities have requested to retire old items, which include old Chromebooks, projectors, chairs and desks, and an old school bus without AC, which has never been used. If equipment is purchased with grant funding, the district will be notified and given an opportunity to pick up the items or it will be donated to other schools.
L.
Enrollment Update
Julie Hemphill has presented an enrollment update for each school. The schools are doing well on enrollment and are continuing to enroll on the grade levels that have open seats.
III. Public Comments
A.
Public Comments
No public comments
No public comments
IV. Approval of Consent Agenda
A.
Approval of Consent Agenda
V. Discussion Items
A.
Reimbursement Resolution for GOCA Intercoastal
Our attorney, Melissa Arnold, had drafted the resolution presented to the Board. The Borrower presently intends and reasonably expects to participate in a taxable or tax-exempt borrowing (the “Bonds”) by a qualified conduit issuer to finance the Project, in one or more financings, in an amount not to exceed $[22,000,000].
B.
Outreach Education LLC Service Agreement
Ilya Soroka presented to the Board of Directors the scope of services that will be provided by Outreach Education, LLC. The services and compensation was reviewed by the Governance Committee on June 13th. The agreement has been reviewed by the Board's General Counsel as well. The Board of Directors recommends for the Service Agreement between Outreach Education, LLC and Global Outreach Charter Academy, Inc to be approved effective July 3, 2023.
The schools continue to perform well above the original budgets. CSP office stated that they will have more time to review budgets during the summer months.