Summit Academy Charter School
Minutes
February Board Meeting
Date and Time
Tuesday February 28, 2023 at 6:00 PM
Trustees Present
A. Murray (remote), C. McCants (remote), L. Almonte (remote), M. Bernard (remote), M. Nieves (remote), V. Connelly (remote)
Trustees Absent
None
Guests Present
Angelo Quinaucho-Lopez (remote), Apurv Goyal (remote), Digant Bahl (remote), K. Montgomery (remote), M. Spencer-Edwards (remote), N. Campbell (remote), Nicole Harris (remote), S. Handshaw (remote), Sugeni Perez-Sadler (remote), Tremaine Price (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
M. Bernard called a meeting of the board of trustees of Summit Academy Charter School to order on Tuesday Feb 28, 2023 at 6:24 PM.
C.
Approve Minutes
A. Murray made a motion to approve the minutes from January Board Meeting on 01-31-23.
M. Nieves seconded the motion.
The board VOTED to approve the motion.
II. Academic Excellence
A.
Principal's Report
III. Finance
A.
December & January Finance Report
Standard Financial Statement
- $3.09 million cash on hand at the end of January 2023.
- Given the strong cash position, possible investment in trust bearing accounts? To be discussed with Michael Bernard and Samease Handshaw
- Monies may be impacted by the FEDS increasing interest rates
- SPED predictions are accurate so anticipated monies is correct
- For January, we had 195 scholars meaning we were running with less revenue than anticipated
- Deficit of $169,464 expected
- Need to increase the student recruitment line as we decrease in other areas
- 176 Days of cash on hand
- There is a discussion to increase the per pupil revenue by 3.5%. We await the decision from city and state agencies
IV. Governance
A.
Presentation of Potential Board Members
Sugeni Perez-Sadler
- Lottie is her former teacher and current mentor
- School aligns to personal values and educational philosophy
- First generation citizen from DR.
- First generation high school and college graduate
- Senior Director of Post Secondary Programs for DOE.
- Works mostly with school counselors and principals.
V. Connelly made a motion to accept Dr. Perez-Sadler's petition to become a member of the Summit Academy Charter School Board of Trustees.
M. Bernard seconded the motion.
The board VOTED unanimously to approve the motion.
M. Bernard made a motion to to accept Alvin Young's petition to become a member of the Summit Academy Charter School Board of Trustees.
V. Connelly seconded the motion.
The board VOTED unanimously to approve the motion.
V. Other Business
A.
Renewal
Board Preparation for Renewal
- The board will need to become more active in preparing for board interviews. The charter is not given to management but to the board.
- Board members must be present to all meetings.
Questions
What does the move conversation mean? Nicole Harris
The school is looking for a new location, not necessarily closing just exploring private space.
VI. Closing Items
A.
Adjourn Meeting
V. Connelly made a motion to adjourn the Feb. meeting.
M. Bernard seconded the motion.
The board VOTED unanimously to approve the motion.
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 7:41 PM.
Respectfully Submitted,
M. Bernard
Personnel
Enrollment/Recruitment
Preparing for state assessments
Renewal Planning
SACS team has begun working with Pasek Consulting