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Shannon Falon and Marc Wancer presented EFF's debt consolidation product Paramount is considering using. EFF's goal is to provide high-performing public charter schools with equitable access to low-cost, long-term financing by innovatively combining mission-related investments and capital markets.

T. Reddicks presented CQ3 highlights: Overall the schools received high ratings in all categories. One area of improvement is to increase board member diversity to more closely reflect the student population.

T. Rude shared information on how members could complete the Board Self-Assessment on Board on Track.  He encouraged all board members to complete the self-assessment honestly by mid-November.  Results will be discussed at the January retreat.

T. Reddicks shared Paramount Cottage Home received the Achievement Award for Innovative Reuse in the Indy Monumental Awards.  The overall winner for 2020 was the PR Mallory Building.

Two schools had positive COVID tests within the school population, causing the schools to return to virtual.  Paramount Brookside was 100% virtual for two weeks prior to fall break, and Paramount Englewood was closed one day prior to Fall Break.  Contingency plans worked as planned for these events.

Parents were given the option to opt back to on-campus instruction beginning October 19th.  About 35% of students chose to remain in the virtual setting.

The waiver Paramount joined was recognized in front of the state school board, and the main objective, to ensure 100% funding, was approved, along with other deregulation items.  Another positive result was the opportunity to collaborate with school district leaders from across the state.

K. Beauchamp shared beginning of year assessments will conclude the week after fall break, which will give growth information from prior grade-level testing concluded at the beginning of August.

H. Okerson shared updates on the audit, which looks positive.  She will share out closing meeting invitations with the board once that is scheduled.  She updated the board on work done with National Bank of Indianapolis to get clarity on PPP.

J. Monk reported work completed to submit grant applications, grant closeout reports, and support was provided to schools to submit multiple compliance items due to OEI and the DOE.  Additionally, work is progressing on the final 10,000 square feet of the 1203 E St. Clair property.  

Principals are on Fall Break this week.  K. Beauchamp reported out on thier behalf that minimal staffing shifts have occurred due to the virtual to on-campus shifts.  Enrollment has continued to hold steady.  Virtual formative assessments will happen on-campus with beginning this winter.  All current 4th graders will take IREAD-3 this November on campus.

November 10th, 2020
5:30 PM
Join via Zoom Meeting: https://zoom.us/j/702256528