• Whole project: $650k
• French Drain: $10K (Invoice)
• Does this come out of the pledged up to $100k for pond dredging
  • Yes, it is not an additional request on top of the pledged amount
  • Pond is being manually dredged to prevent ecological damage
  • Language will need to be remediated to expand the coverage of drainage related work including the French Drain
  • Language should be time gated
• We need to understand the edges of what we would be covered. We should receive invoices for covered items prior to releasing funds.
• Finance committee reviewing capital expenditures. 

• Foundation will need to replace 2 members and transition all 3 leadership roles in the near future. 
• Recruitment efforts
  • Sonia has written language for The Current
  • Julie is following up on a potential lead. Sonia assisting with language
  • Megan suggests a "Get to Know the Board" mixer for parents to learn more about the needs of the Board and Foundation
  • Karen would like a short blurb of for what the Foundation needs so she can send out a survey to parents gauging backgrounds and interest in participating
  • Possibility of board member for hire raised--We don't think that will be necessary as there are a lot of parents who could and desire to engage.

• Foundation work is essential, but not as heavy a lift as Board of Trustees engagement
  • The roles are focused on stewardship, serving as a vigilant and conscientious custodian of RVCS funds
  • Does not require in depth fiscal or non-profit knowledge
  • Does require dependability and organization
• Megan is willing to step forward for any of the needed roles --> We will discuss in more depth in an off schedule Foundation meeting

• Things are holding pretty steadily
  • Just over 526K in holding total with a stable portfolio balance
  • Full Report
• Low returns for the year to date given the recent market volatility, but returns are still positive. Summary Letter

- Remaining Items for Phase I

• Wetland Cleanup* (likely the driver of the pond dredging costs)
• Outlet Control Structure Repair *
• TV Inspection of Culvert
• Completion of Underdrains at Play Area*
• Completion of Timber Edging
• Stonedust Paving: Requires stable warm/dry weather
• Engineered Wood Fiber and Black Rubber Mats
• Reseeding (as needed)
• Demobilization

*Costs that could feasibly request from the pool of pledged Foundation Funds

- Short Term Needs: Gazebo

- Foundation will require itemized receipts for all portions of the work that will be covered by the pledged funds for transparency. 

-Ribbon Cutting: TBD

-Decided to not pursue additional CPA funding outside of the 150k granted

• Withdrew from CPA grant funding this year due to competition- additional funding not the initial 150k
• Funds Raised this Year: $34,016

• Read-a-thon brought in $18,640!
• In combination with the funds from the Annual Fund Drive, we're over halfway to the annual fundraising goal of $50,000
• Big thank you to Karen for her expertise and support (and of course Elizabeth too!) 

• Transition process is going well
• Board retreat was last weekend
• Current efforts include
  • Updating Bylaws
  • Finalizing Caretaker Survey
  • Recruiting
    • Need to focus recruitment on weak/missing skill in the Board Skills Matrix
    • Open to the inclusion of more community members and grandparents 

• An off cycle meeting will be held restricted to just the Foundation Board. This meeting should include:
  • Language update for the pond dredging pledge
  • Review of current document storage processes and future preferences
  • Review of Transition Checklist and Board Roles
• Melissa to send out email to schedule this meeting.