Board, staff and guests conducted the pledge of allegiance.

Refer to the attendance information recorded above. S. Perez, Student Board Member, was absent for this meeting and announced that she was attending a mathematics competition.

No public comments were made at this time.

No announcements were made at this time.

S. Budhraja, Chief Financial Officer, reported on the annual audit each which consisted from July 1, 2024 to June 30, 2025. He reported that this was an unmodified report. He went over the financials inclusive of revenues and expenditures. Jonathan from Eide Bailly LLP was present to speak more on the details of the audit. It was reported that there were findings specific to attendance and financial reporting for complex transactions regarding the LLC. Corrective actions were taken and findings were addressed. Jonathan reported that overall the financial statements were unmodified which he stated was a clean opinion and all amounts were presented fairly. He provided details on the material weaknesses/findings and it being addressed. Board questions and comments were raised and staff addressed them. The Board made some notes to make the net impact clear and explicit for everyone who sees the report. The Board moved to add additional language to the motion.

M. Wittek, Director of Student Services, stated that MPS already had referral processes and systems in place to support students with behavioral health needs. She reported that with the passage of SB153, an Education Code law was added that on or before January 31, 2026, all LEA's serving grades 7-12 must adopt a formal policy on referral protocols for students with behavioral health concerns including mental health needs, behavioral or emotional challenges, and substance abuse related needs. She reported that the policy addresses procedures for referring students to behavioral health professionals and support services. Additionally, the policy includes considerable considerations for high risk groups and trainings. She added the goal is to focus on early identification and equitable access to services for students with behavioral health needs.

S. Budhraja, Chief Financial Officer, reported that this is to extend the previously approved intra-organization loan balance of $1.31 million by modifying the repayment term to a 5-year schedule beginning July 2026, consistent with year-end reconciliation and approved loan terms. He stated that the amount and interest rate would stay the same. Board requested for staff to bring the balances of all intra company loans as an informational item. Board questions were addressed by staff.

S. Budhraja, Chief Financial Officer, reported that this is similar to the previous item. This is the second part of the previous transaction. Similar to the previous item, the purpose is to extend the previously approved intra-organization loan balance of $1.31 million by modifying the repayment term to a 5-year schedule beginning July 2026.

P. Ontiveros, General Counsel & Director of Facilities, reported that the change items for the Magnolia Science Academy (MSA)-5 project consists of crane pad regrading that due to the rains, Los Angeles Department of Water & Power (LADWP) vaults and conduits, and under-building sewer connection. He went over the costs and the credits that would be received. Board requested that under the budget implications for staff to reflect the remaining contingency budget moving forward. Board questions were addressed by staff.

P. Ontiveros, General Counsel & Director of Facilities, reported on the deductive change orders which were savings to the Magnolia Science Academy (MSA)-5 project. Staff identified savings for this project without affecting the look and feel of the project as what is being communicated to the community and public. He reported on removing the partitions that were in all of the classrooms and replacing them with windows along with a few others. He reported that overall the net effect is a reduction of the project costs. Board questions were addressed by staff.

J. Lara, Board Secretary, announced that there will be a 15 minute recess.

M. Muhammedov, Board Chair, reported that the Board will be going into Closed Session to discuss Public employee discipline/dismissal release and will report out.

Item was discussed in Closed Session.

M. Muhammedov, reported in open session at 4:21pm that the Board took no action and guided staff to take necessary steps.

J. Lara, announced that a motion was made to table items VI A: Approval and Discussion of the MPS 2030 Strategic Plan and VII A: Approval of Board Resolution for Creation of Position(s) for Magnolia Science Academy-Placentia Yorba Linda School Site for the Improvement of Educational Programs for Students.

M. Muhammedov moved the motion.

S. Orazov seconded the motion.

Roll call vote was taken:

M. Muhammedov voted Aye

S. Covarrubias voted Aye

U. Yapanel voted Aye

S. Dikbas voted Aye

D. Gonzalez voted Aye

S. Orazov voted Aye

Motion carries.

Item was tabled.

Item was tabled.

F. Del Carpio, Chief People Officer, reported on the approval to post and recruit a founding Principal for a future Orange County school in Irvine which would be effective February 1, 2026. She stated this position is being sought out to ensure early leadership and position MPS to preparing for the opening of a school and to support early community engagement and culture momentum.

B. Olivares, Chief Impact Officer, reported that they are seeking support and expansion in recruitment efforts in the schools in Orange County. She added Mariposa was initially introduced by the Charter Schools Growth Fund (CSGF). The contract is a 10-month partnership and the scope of work is enrollment outcomes. Board questions were addressed by staff.