Discussed cash flow projection from Insource Services and the ability to support the roof repair project.  Projection shows a very tight cash flow position for the school and no recovery for at least 8 years.

The present group agreed that it does not make sense to move forward with the project as is.  Based on the tight cash availability, it would put the school in a very risky position should unknown factors or emergency situations requiring cash present themselves within the next 8 years. 

Per the last inspection of the roof, it was determined that the roof is in good condition and has 5-6 years left to it. The group discussed potential alternate ideas to help maintain the roof's condition in the short run. As well as ideas that can be implemented in the meantime to raise more funds in order to make the project more affordable in the coming years.

Roof Maintenance Ideas:

• Patch work
• Add more drainage
• Add a pump to remove water pooling in problem areas
• Added more labor during storms
• Contract a snow removal company that could do roof snow removal

Ideas to raise funding:

• Capital campaign for roof at 20th year anniversary celebration (as a focal point).
• Continue reinvesting ERTC funds to earn interest.

The group also discussed the potential of replacing the HVAC only.  More research would be needed to understand the how urgent the HVAC needs replacement.  Also, another area to explore if the units can be installed on the ground vs the roof.

Lastly, the group discussed the idea of appointing an independent project manager for the roof project in order to relieve the ED of this burden. 

Monday, January 20, 2025 at 5pm. via Teams