N. Wray introduced Mike Hanson. M. Hanson is Captain of the South District. 

K. Caire stated that he began speaking with M. Hanson about how to address preparing young people for life after high school over a year ago and thanked M. Hanson for being prepared to join the team. 

M. Hanson said that he worked with N. Wray at MPD, graduated high school with T. Jaeckle and played basketball with K. Caire when they were young.

Brianna Stuczynski, Strategic Governance Coach with Board on Track provided an overview of some of the most useful and helpful functions available through Board on Track, including:

• How to create goals and tasks and track progress

• How to update profiles, add contact information, manage notifications, file skills & complete a 90 second demographics survey

• Integrating calendar resources

• How to contact Board on Track with questions

Ms. Stuczynski reminded Board members that she can answer any questions via email (brianna@boardontrack.com) or chat in the Board on Track platform (available between 9:00AM and 5:00PM EST).

T. Jaeckle reviewed the monthly financials and explained that L. Lange is developing a cash flow analysis for reference during future meetings. 

T. Jaeckle highlighted that we’re at $562,000 in expenses - in line with what we’ve seen so far this school year. 

T. Jaeckle reviewed the year-to-date summary for July-January. Donations were down for January which is normal following the holiday giving cycle. 

The biggest change for January was the program revenue which includes the charter school payments based on pupil counts at different checkpoints during the year. 

OCS will be down about $600,000 for the whole school year because we budgeted to have more students enrolled than we currently have. That hit is offset by operating expenses. We are currently $572,000 under budget for expenses because we took the lower enrollment count into consideration.

G. Derzon asked for a breakdown between operations and capital campaign fundraising

G. Wiseman and L. Lange will follow up with fundraising spreadsheets and cash flow analysis.

Grade 1  teacher Sophie Diers shared photos and videos of one of the 1st grade classroom. 

V. Ramakrishnan explained that our NMTC lender, Old National Bank, requested that we establish One City Broadway as an incorporation rather than an LLC. 

One City Schools and One City Broadway will share a Board of Directors and One City Broadway will hold funds which, according to attorney Hamang Patel, is good legal practice.

There is a 1% interest rate on the loan and the value of the loan is $5.2M. At the end of the 7-year period, the loan will be forgiven. Closing on the loan is scheduled for March 2, 2022.

M. Ruffin provided a brief update on current enrollment: 

44 students at the preschool (2K-3K) and 

223 at the elementary school (4K-4th grade). 

Open enrollment begins March 1st, 2022 – March 18th, 2022 for grades 4K-4th. We expect a total of 590 students to be enrolled for 2022-23 school year: 326 students in Elementary (4K-5th grades) and 264 students in OCPA (6th, 9th, 10th grades).

K. Caire added that OCS is promoting enrollment on social media. We have partnered with the Creative Company to shoot a promotional video for our secondary school. Thanks to OCS Finance Committee member T. Holmquist for facilitating the use of Edgewood High School for the video.

T. Jaeckle reminded everyone that if we don’t fill seats, enrollment won’t end.

M. Ruffin replied that we will cap enrollment on October 31st if we don’t fill seats sooner than that.

D. Davis reported that Edfest 2022 took place on February 12 and went very smoothly. One City led the organization of this event for the public to learn more about school options available in Dane County. 14 other schools participated this year. 

OCPA open houses are happening in March. 

Secondary school development team members are coming through the interview process. 

UW System President Tommy Thompson will be at the elementary school to sign the OCPA charter school contract tomorrow (2/23/22) from 1:45-2:45. Board members are welcome to join.

OCS staff has plans for 3-5 elementary school principal candidates to spend a day on campus in order to ensure there is a good fit.

T. Pedracine asked if parents will be involved in the elementary school interviews.

M. Ruffin assured everyone that parents will continue to be invited to participate in interviews.

K. Caire reported that G. Derzon helped connect OCS to the Evjue Foundation and that we are being considered for a substantial donation. 

K. Caire reported that a large mailing will be sent to current donors and supporters by the end of this week. 

OCS will announce the $850,000 gift from the Charter School Growth Fund tomorrow. 

K. Caire let board members know that we have held off on hiring a Marketing Specialist to ensure that we are covering operating expenses.

The meeting was adjourned from closed session as there was no matter requiring a vote and move to open session.