• Signed General Contractor Contract with Winter Construction 
  • NTE: $8,944,438.00
  • Aim: $8.6M following final Value-Engineering, will be below $9M per vote from board at January meeting. 
• Signed Modulars Contract
  • Total Amount: $2.72M
  • Added 5% for potential increase in materials/costs due to delay from contract award to build-out of modulars. 
• Key Numbers: 
  • Total Bond Proceeds: $24,526,669.60 
  • Cost of Property: $8.4M
  • Project Fund: $13.6M (Includes GC, Modulars, Professional Services, all other project costs)
  • Annual Debt Service: ~$1.5M. Approx rate ~5.2%

2/28/24 - CLOSING on bonds and property purchase!

• 3/8/24 - Value engineering (VE) by Winter/BDR complete
• 3/14/24 - Review VE list, make decisions
• 3/18/24 - Freespace to update drawings (1-2 wks)
• Late March - Submit for permitting, Winter to price deductive change order to get new GMP down to $8.6M or lower
• Permitting: Mar-Jul ‘24 (land disturbance permit requires lot consolidation)
• Construction: Aug ‘24-May ’25
• Move-in: Summer ‘25
• School starts: Aug ‘25

GLOBE is looked at with 2 different scores:

Elementary & Middle

4 main domains:

• Content Mastery
• Progress
• Closing the Gaps
• Readiness

GLOBE is not far from closing the gap. 

GLOBE is looked at with 2 different scores:

Elementary & Middle

4 main domains:

• Content Mastery
• Progress
• Closing the Gaps
• Readiness

What are we doing?

• School wide goals
• WIN time at UC
• Teachers knowing where their students fall through data meetings and curriculum meetings
• Science - MAP for 5th graders

• We currently have 13 board members
• Board members leaving in 2024: 
  • Drew - Chair 
  • Lorena - Treasurer/Finance
  • Leigh - Communications
  • Kimberly - Strategic Planning Co-chair
• Development Committee Co-chair: GLOBE Trot
• Board Secretary 
• Board officers will be elected in June
• Open to current board members/anyone elected to the board  June 2024
• Interested board members can fill out the self nomination forms (due March 15)  
• Discussion: Should we hold a meet-and-greet with nominees for each open position or simply take a vote at the June meeting?

• RFP issued in January 2024 for
  • Financial statement audit for the 5 years ended June 30, 2028
  • Management Letter 
  • IRS Form 990
  • Single Audit (if required)
• 3 member evaluation committee included: 
  • Denise Clayton-Purvis, CFO
  • Adrienne McMillon, Incoming Treasurer, Finance Committee Chair 
  • Andrew Haas, Finance Committee Member 
• American Institute of Certified Public Accountants (AICPA) Governmental Audit Quality Center (GAQC) Guide utilized to structure evaluation and selection process

• Independent evaluation of each proposal by each committee member 
• Audit proposal evaluation matrix utilized by each member with key evaluation criteria being: 
  • Minimum Requirements
    • Peer review status of PASS and has met CPE requirements
    • Independent from GLOBE 
    • Meets appropriate state licensing requirements (CPA)
  • Price ($20K budget)
  • Technical competency (approach to performing an audit)
  • Level of experience (local charter school experience a plus)
• Top 2 candidates invited to interview