Legacy Schools Board of Directors
Minutes
Legacy Prep Board of Directors meeting
Date and Time
Tuesday December 13, 2022 at 4:30 PM
Location
1500 Daniel Payne Drive
Birmingham, AL 35214
Directors Present
Earlisha Williams, LaTasha Nix, Orazio Mancarella, Ruqayyah Abdullah
Directors Absent
Adrienne Brooks
Directors who arrived after the meeting opened
Earlisha Williams
Guests Present
Ashley Buckelew, Carol Hollis, Chris Campos, Danielle Tinker, Danielle Tinker, Labrinica Harris, Reneta Johnson, Willie Davis
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approval of Minutes
II. School Update
A.
Dashboard
B.
Recruiting - Scholar and Staff (2023 - 2024)
Dr. Johnson reported to the board on staff and scholar retention. She said that the application portal would soon be open for new student access. Beginning in January, returning students will be able to re-enroll. The lottery will be April 4 and enrollment begins on April 5. Enrollment will end on May 15.
C.
Academic Report Card
Dr, Johnson gave a detailed report from the Alabama State Department of Education Report Card grades for Legacy Prep Schools. The LP District score is a D and Legacy Prep Charter School is a C.
III. Governance Committee
A.
Giving Tuesday
Giving Tuesday has reached 75% of the goal. Ms. Williams asked that we do one more push out/reminder about Giving Tuesday.
B.
2022 - 2023 Governance Goals
Ms. Abdullah shared governance goals for the 2022-2023 year. One goal is to increase the number of board members from 5 to 10 members. Potential board members with backgrounds in real estate, marketing, law, architecture, finance/accounting, and capital campaigns would be an asset. The Board is hopeful that this goal can be reached by July, 2023.
C.
Board Treasurer
D.
By-Laws Update
Bylaw update recommendations included:
- the addition of the offices of Chairman Elect/President Elect
- the addition of the office of Immediate Past President (with no voting rights) and will serve as Mentor to newly elected President and serve on the Foundation Committee.
IV. Academic Excellence Committee
A.
2022 - 2023 Academic Goals
V. Finance/Development Committee
A.
2022 - 2023 Financial and Development Goals
The Financial and Development goals included:
- pay off debt to 3 Oaks
- pay down Regions Bank loan
- have a 60 day financial operating reserve
- a debt ratio of less than 1
- finalize 10 year development projection
B.
Finance Updates
C.
iReady
D.
Board on Track Renewal
E.
Sam's Club Membership
Sam's Club membership was tabled.
F.
LOC Sweep
Mr. Mancarella reported that Regions Bank is offering a sweep option where we can set an amount to leave in our checking account and sweep any excess over to pay off the line of credit. That will happen each night, creating a daily manual entry for our finance team. The Board agreed that it would not be a good option for us right now.
Dr. Johnson gave a detailed update on the state of the schools. She thanked the LP Village for a successful book fair which raised $3,000 for the school.
Mr. Chris Campos, Director of Operations reported to the Board on software with the ability to provide updated school information including testing, attendance, and grades. He said LP is now using a temporary license.