Mr. Thompson provided an invocation. 

Dr. Ivey led the Pledge of Allegiance. 

Mrs. Chandler read aloud the mission statement. 

Dr. Thompson read aloud the vision statement. 

Summary of Key Points

• A finance presentation was given by Dr. Ivey on January’s expenditures vs. revenues & the balance income sheet. He noted that we have not received any federal reimbursements yet but have been able to start filing reimbursements for Title I, II, IV and IDEA. The committee engaged in conversation around the current status of our construction loan vs. cash in the bank.
• Dr. Ivey presented the first draft of the FY26 budget. 
  1. Mr. Thompson asked for the finance committee chair to work with the Executive Director to review the position roles & responsibilities and total FTE count for next year’s budget to determine if we are being good fiscal stewards of our funds. 
• An update was provided by Mr. Thompson on current financing options for the renovation of the mall to house LSC’s Junior Academy. 
• Ms. Rauschenbach gave an update on the board elections timeline and noted this year’s election cycle will see two appointed (Ms. Bass & Dr. Thompson and two elected seats up (Mrs. Chandler & Ms. Brunson). Dr. Ivey updated the committee on candidate nominations that have been received for 7 individuals total for the appointed seats and 6 for the elected seats. Derek Burress will be moderating the meet the candidates forum being held on Wednesday, MArch 12 from 6-7 pm at the EA campus. Email ballots will go out to each scholar’s primary parent/guardian and staff on Monday, March 17 with the election closing on March 19. Certified results will be available March 21. The swearing in ceremony will be held on March 24. The by-laws were reviewed for the procedures governing the appointed seats and clarified that the board will sit first after its elected members are sworn in and then a list of appointed candidates will be read aloud for the board to then take action. All candidates that filed with the Public Charter Alliance of SC were vetted by the executive committee and deemed eligible to stand for consideration to the Boad of Directors. 
• Dr. Ivey presented the Spring 2025 Rally Cry and discussed each of the pillar’s metrics for the network, primary, & elementary academy teams. 
• Dr. Ivey shared the intervention boot camp plan to utilize the services of 10-12 local retired teachers to assist in small group instruction that will benefit 247 scholars at the Elementary Academy. 
• Dr. Ivey provided year-end giving updates and next steps on:
  1. Connected Communities Grant 
  2. Charter School Growth Fund Milestone Document
  3. Williams-Brice-Edwards Charitable Trust 
• Mr. Thompson provided an update to the committee on his conversations with the Walton Foundation. 
• A copy of the book, “Life at Liberty,” was provided to each member of the committee that was written by a father and is being given to each new scholar at LSC as part of the roadmap. Final edits are due to Dr. Ivey by March 13. Dr. Ivey also gave an update on the enrollment roadmap and shared that all 731 scholars’ VIPs have met the volunteer hour roadmap requirement to date. 

Final Action Items

1. Mrs. Rauschenbach will reach out to Emily Peele at Continental Tire to get an update on the field learning experience. 

The committee did not enter into executive session. 

The committee did not enter into executive session. 

The committee did not enter into executive session. 

Nothing was shared. 

No comments were made.