Kevin Davis from Procopio provided an overview of the Brown Act training presentation which included the following topics:

• What constitutes a meeting under the Brown Act
• Types of meetings and required public notice
• Participation guidelines for board members and the public
• Overview of closed sessions
• Requirements related to agendas and meeting minutes

David Olson from Charter Impact provided the March Financial Update. Overall, all Scholarship Prep schools are financially stable, with minimal changes compared to the January Second Interim report.

• Oceanside, Orange County, and South Bay continue to show healthy fiscal performance, with slight revenue increases.
• Expenses across sites increased slightly, mainly due to substitute teacher costs and special education services. All increases remain under 1% and are not material.
• Riverside (first-year school) is performing well. Revenue increased due to higher-than-anticipated Title I funding tied to enrollment growth.
• Upland continues to face early-stage challenges. There have been no material changes since January and improvement is projected in future years.
• Cash Flow:
  • All schools are in a stable position
  • Orange County is supporting Riverside and Upland through intercompany loans
  • Riverside cash flow is improving
  • Upland is being closely monitored but is projected to end the year with a positive balance
• Bond Covenants:
  • Orange County and South Bay are meeting or exceeding requirements for:
    • Base rent coverage
    • Days cash on hand (liquidity)

Charles Friedrichs ask if the money market rate increased, resulting in higher earnings Jason Sitomer from Charter Impact explained that the increase is due to the timing of interest recognition. Interest is recorded when the investment reaches maturity, not because of changes in interest rates. Funds are reinvested along with earned interest.

Principal Nicholas Sessions provided the Orange County Campus Update. 

He started by discussing the proposed playground for TK/Kindergarten students, which incorporates structured play and sensory elements based on parent feedback and collaboration with Newsong. Charles asked if there be a fence around the playground, and Dr. Sessions confirmed that the playground will be located in a separate area from the soccer field and will include a fenced structure. He notes that the rendering shows is not the final design. 

Campus Culture & Events Highlights

• March Movie Night with strong family turnout and free pizza
• Open House and STEM Night featuring student-led activities
• Expanded student leadership opportunities, including pep rallies
• Growth of extracurriculars such as Film Club and Cheer Team
• Library renovations and campus improvements

Community Partnerships & Programs

• Culinary Club in partnership with Lunch Bunch
• STEM collaboration with Samueli Academy
• LA Sparks partnership for social-emotional learning
• Monthly free haircuts provided by volunteer barbers
• Foster and Kinship Care Education (FKCE) classes through Saddleback College
• “Teddy Bear Hospital” program with UCI medical students
• Mentorship opportunities with Sage Hill School

Charles also asked how this variety of programs and resources is being communicated to families? Dr. Sessions explained that communication is ongoing and multi-faceted, including ClassDojo, direct outreach (calls and messages), word of mouth, and staff engagement. Additional outreach includes social media and broader community messaging. Social media is used primarily for community awareness and external audiences; direct parent communication relies more heavily on platforms like ClassDojo.

Principal Charity Grieshaber provided the Oceanside Campus Update and spoke about the following topics:

• First semester performances included Nutcracker (dance and music); second semester will feature Retrograde
• The SOS Dance Team participated in their first competition, earning four trophies. One additional competition is planned this year.
• Open House was successfully held.
• The school completed both WASC accreditation and a county oversight visit in the same week. WASC accreditation was reaffirmed through June 30, 2029.
• A new family literacy event, “PJs and Pages,” was introduced, featuring a local author, a book walk with donated books, a coffee cart, and karaoke. The event was well received.
• Additional family engagement events are planned, including an upcoming Family Game Night.
• The semester includes upcoming awards ceremonies and two promotion events.

Charles asked what types of games are offered during Family Game Night, and Charity answered that the event will include bingo and various board/card games such as Uno and Spoons. There are also donated prizes (e.g., movie tickets and popcorn from Regal) that will be available.

Executive Director Jason Watts provided the organization update.

The Scholarship Prep Community Foundation received a $50,000 donation to support students, families, and staff. Recognition was given to Kristen, Victor, and Marissa for building trust with families and identifying needs.

Grand Avenue Campus Consolidation - The families have been notified of the Grand Avenue campus sale and the transition is underway to consolidate all students to the 17th Street campus.

• Charles asked if we have a sense of whether families will remain and transition to the 17th Street campus? Jason answered that yes, the majority of families already have students at the 17th Street campus and we have hosted events to support the transition, and feedback has been positive.
• Charles also asked if families expressed concerns about the new playground? Jason said that no concerns have been raised and it is expected to be a positive addition.

South Bay Charter Renewal Update - submission is planned for June or July, and we expect a decision in late fall. Ongoing monitoring of LAUSD trends and renewal decisions as well as continued engagement with board members, including visits from Tanya Ortiz Franklin.

CalSTRS Legislative Update (AB 2519) - Increased scrutiny on charter school participation in CalSTRS, particularly for non-site-based staff. AB 2519 is proposed to maintain eligibility for all charter school employees.

• Key Points: If AB 2519 passes: eligibility continues for all staff. If not: non-site-based administrators may lose eligibility starting July 1, 2027. There are limited and uncertain alternative options (e.g., grandfathering).
• Charles asked if site-based principals still covered, how does this impact multi-site administrators, how will this affect recruitment and retention of administrators, and what about existing employees—can they be grandfathered in? Jason Watts stated that site-based personnel remain eligible while non-site-based roles may be impacted, this may create complications for multi-site administrators depending on role structure. Jason also explained that this could make it more difficult to attract and retain qualified candidates, especially for non-site-based roles. It may be a possibly for existing employees to be grandfathered in, but details are unclear and evolving. 
• Lastly, Charles asked about the current status of AB 2519?, and Jason said that it is scheduled to be heard soon; updates are expected following upcoming discussions and committee actions.

This item was removed from the agenda at the beginning of the meeting. No action was taken on this item.

This item was removed from the agenda at the beginning of the meeting. No action was taken on this item.

The Board entered the closed session at 3:04 pm.

Board President, Charles Friedrichs, reported out of close session at 3:29 pm. There was nothing to report out of closed session.