No public were present.

No public were present.

Ms. Lee presented the financial update. She reviewed the highlights of the Governor's January Budget, and then the YTD financials for each school as per the attached presentation. Mr. Greenspon asked that EdTec add the attendance percentage and enrollment to the ADA updates for the school. ECMSG had challenges with student enrollment and student FRL applications with the Principal transition. More applications were being gathered. The deadline for updating Calpads numbers is soon Ms. Owen believes - Dorothy to check with her team for the deadline and will let Alison and Tracy know to ensure the staff knows. Mr. Deemer would like a mark on the waterfall charts of what the original budget was. Mr. Greenspon noted that it would be compelling to show what the fundraising expectation is on the chart. Ms. Lee also provided the near term plans for budgeting. 

Ms. Bondi presented the fundraising update. A calendarization of the fundraising expectations would be helpful, Mr. Greenspon noted. Information on timing of the pipeline would be helpful, as well as an overall understanding of whether we should be concerned. Ms. Diaz to follow up with Ms. Vo for more context.

Ms. Bondi presented the draft training to the committee.

Recommended additions from Mr. Greenspon:
1. A chart in there of specific Board fiduciary responsibilities & calendar of them, e.g. pick auditor, budget, etc.

He also noted that Ms. Golshani-Flechner's MB Education Committee presentation has interesting graphics as well.

Next step is to schedule a special meeting - Tracy and Alison to schedule it. Bruce suggested broadening the audience - perhaps open up to SSCs as well, teachers. Alison will discuss at cabinet.

Ms. Levy presented the health benefits update to the committee. Mr. Greenspon noted that on the Project Context slide, adding another column to the table with the annual cost to the school is would be helpful. Mr. Deemer was also interested in the deductible costs. Also, context around which plan is represented here and how it relates to other plans would be helpful. On the "High Level Findings" slide, Mr. Deemer noted that context of how the % spend on benefits is less than others would be helpful - less than what others? Ms. Diaz noted that a lot of work has been done by Ms. Levy and we are grateful for the much deeper understanding the organization now has around health benefits. Mr. Greenspon recommended that the final broker decision needs to go before the Board for approval as ostensibly their commission exceeds $15k annually. The committee recommended that these 4 slides be presented to the Board with the caveat that this is not asking for final approval, this is just the direction that is being proposed. Perhaps remove set numbers per employee and talk about it in a way that is not a per person amount. A top level from Tracy of the slides is fine for the Board.

Tabled - missing dollar amounts. Reformat, ask the committee members if they have questions, and then put before the Board.

Mr. Greenspon asked about the DHL Enterprises donation. He also asked if we do business with US Bank - we do not. He also noted that Mr. Aldrich's donation is quite incredible.

There were no findings or notes with the audit.