Kairos Academies
Minutes
Facilities Committee Meeting
Date and Time
Wednesday March 27, 2024 at 2:00 PM
Location
Kairos Academies
3449 S Jefferson Avenue
St. Louis, MO 63118
Committee Members Present
A. Sullivan (remote), N. Jacobs (remote), N. Plair (remote)
Committee Members Absent
None
Guests Present
J. Krewson (remote), M. Chavers (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
A. Sullivan called a meeting of the Facilities Committee Committee of Kairos Academies to order on Wednesday Mar 27, 2024 at 2:04 PM.
C.
Approve Minutes
N. Plair made a motion to approve the minutes from Facilities Committee Meeting on 01-10-24.
A. Sullivan seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| A. Sullivan |
Aye
|
| N. Jacobs |
Aye
|
| N. Plair |
Aye
|
N. Plair made a motion to approve the minutes from Facilities Committee Meeting on 02-07-24.
A. Sullivan seconded the motion.
The committee VOTED to approve the motion.
| Roll Call | |
|---|---|
| A. Sullivan |
Aye
|
| N. Plair |
Aye
|
| N. Jacobs |
Aye
|
II. Facilities Committee Goals Review
A.
23-24 Kairos Board Goals
III. Senior Team Updates
A.
COO Update
Reviewed COO Goals and Updates
Student retention withdrawals for 24-25 school year
- Working on attendance issues to help alleviate this issue for the next school year
B.
CSO Update
Reviewed Staff Updates:
- 8 positive news in local press
- The following Goals are At Risk:
- Funds raised is at risk - 431k raised out of 900k, we submitted a stronger connections grant for $400k for the next 2 years, we submitted for the charter school program grant through Opportunity Trust - 2M grant
- 100% strategic planning initiatives completed at risk - 7/8 started
- Gala will take place May 30, 2024
- Making changes to table pricing and will update board by next week
Bingham Property Update:
- Property has been purchased, we are in the middle closing the last 500k loan
- 1.1 M in Loans and we would have spent between 1.3-1.4M on the project, 200k difference in Equity
Next Step:
- Secure Property and ensure a maintenance plan is in place
- 10k in acquired expenses to take on
- Construction financing - we don't anticipating putting down any money for the loan, we do need to make sure if the construction loan falls apart it doesn't put Kairos in financial jeopardy
- We need a cushion to keep in 30 days cash on hand
- We are pausing all expenses related to the project until we determine Construction Loans
IV. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 2:36 PM.
Respectfully Submitted,
N. Plair
No updates on Goals