Final

State Charter Schools Foundation of Georgia

State Charter Schools Foundation of Georgia Quarterly Board Meeting

Published on January 28, 2022 at 7:18 PM EST

Date and Time

Tuesday February 1, 2022 at 12:00 PM EST

Location

Virtual meeting

This meeting will be held virtually. Please join the meeting from any electronic device: https://www.gotomeet.me/SCSCGA/scsf-board You can also dial in using your phone. (312) 757-3121, Access Code: 998-294-373

Agenda

      Purpose Presenter Time
I. Opening Items 12:00 PM
  A. Record Attendance   Chris Sears 1 m
  B. Call the Meeting to Order   Chris Sears
  C. Approve Minutes Approve Minutes Chris Sears 1 m
II. Financial Report 12:02 PM
  A. Presentation of December 2021 and YTD Reports FYI Ted Beck 5 m
  B. Financial Outlook & Accounting Changes FYI Ted Beck 5 m
   

The SCSF will receive $4.1 million in GEER II funding on a reimbursement basis between February 2022 and September 2023. A new bank account has been established for these funds, and our accountant will begin reporting on this grant beginning in February.

  
  C. Amended FY2022 Budget Vote Ted Beck 5 m
   

An amended budget must be approved since there is more than a 10% variance in more than one category.

  • Additions to contracts
  • Section "Support to Schools" changed to "Program Activities"
  • Addition of funds for Grants to Schools for the Charter Growth Initiative
  • Addition of Charter Growth Initiative for Program expenditures and GEER II federal funds for revenue
  
III. Georgia Strategic Charter School Growth Initiative 12:17 PM
  A. Approve GEER II grant award Vote Chris Sears 5 m
   

Approve the GEER II grant of $4,092,500, awarded by Governor Kemp for purpose of launching the Georgia Strategic Charter School Growth Initiative. Funds must be committed by September 30, 2023.

 

Resolution: The Board of Directors of the State Charter Schools Foundation of Georgia hereby resolves to approve acceptance of a grant of $4,092,500, from Georgia's GEER II fund, including all conditions and requirements inherent in accepting this federal grant award.

  
  B. Description of the Charter Growth Initiative & Next Steps FYI Michele Neely 15 m
   

Michele Neely and Lauren Holcomb will give a description of the Georgia Strategic Charter School Growth Initiative (Charter Growth Initiative). The SCSF will be working in partnership with the State Charter Schools Commission and the Georgia Charter Schools Association. 

  
IV. Board Governance 12:37 PM
  A. New BoardOnTrack Portal FYI Chris Sears 10 m
   

The board will receive an overview of the system and information about the need and purpose. M. Neely will provide a quick tour of the portal.

  
  B. Board Recruitment Discuss Chris Sears 5 m
   

The board currently has 11 members. The by-laws require a minimum of 9 members and maximum of 13 members. Two members will roll off in June. The Governance Committee will oversee board recruitment.

  
  C. Committee Selection Discuss Chris Sears 10 m
   

The SCSF has three committees - Executive Committee, Governance Committee, and Fundraising Committee. Each board member is asked to join a committee. The committees will begin meeting monthly in February.

  
  D. Conflict of Interest Statement FYI Chris Sears 5 m
   

A reminder for board members to complete and submit their 2022 Conflict of Interest Statement in the BoardOnTrack portal.

  
  E. Approval of Policies Vote Chris Sears 10 m
   

The board is required to approve all policies for the SCSF. The Policy Manual provides guidance for all activities of the SCSF. Additional Federal Grant policies and procedures will provide additional guidance for the adminstration of federal grants.

  
V. President's Report 1:17 PM
  A. Update on Strategic Goals FYI Michele Neely 5 m
VI. Other Business
VII. Closing Items
  A. Adjourn Meeting Vote Chris Sears