Golden Charter Academy
Minutes
GCA Board of Trustees Meeting
Date and Time
Thursday April 13, 2023 at 4:30 PM
Location
Golden Charter Academy is inviting you to a scheduled Zoom meeting.
Topic: GCA Board of Trustees Regular Meetings
Time: April 13, 2023 04:30 PM Pacific Time (US and Canada)
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Meeting ID: 884 1732 4062
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Meeting ID: 884 1732 4062
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Golden Charter Academy
1626 W. Princeton Ave
Fresno, CA 93705
Directors Present
B. De Vore (remote), D. Huff, E. Gonzalez, R. Quinto (remote)
Directors Absent
I. Green, K. Thomas, S. Barton
Ex Officio Members Present
R. Golden
Non Voting Members Present
R. Golden
Guests Present
E. Ewing II, J. Xiong (remote)
I. Opening Items
A.
Call the Meeting to Order
B.
Roll Call
C.
Pledge of Allegiance
D.
Public Comment
E.
Approval of the Agenda
II. Consent Agenda
A.
March 8, 2023 Board Meeting Minutes Draft
B.
Financial Warrants
C.
Approval of the Consent Agenda
III. Information / Discussion
A.
Reports and Updates
CEO Report (Robert Golden, President & CEO)
Employees of the Month: Maya Padilla (Attendance Secretary), Robert Beach (4th Grade Teacher). Completed lottery for the 23-24 SY on March 31, 2023. Currently at max enrollment for next school year with over 100 students on the waitlist. The only charter school in the Central Valley to have a lottery for the past two years. Approved for Community School Grant. GCA plans to use this grant towards community resources and change. Still in motion with Phoenix Philanthropy. Thank you Dr. Gonzalez for providing a list with 100 prospect leads. Pittsburg Steelers golf tournament sold out in the Dominican Republic. Raised over $100k from the fundraising event. All permits have been approved as of last Friday to add modular classrooms to GCA's current campus. Two modular classrooms will be added this August to accommodate our two 5th grade classes. Drawings are completed for the permanent facility. Estimated build completion date is January 2025. In the works with Phoenix Philanthopy to develop a fundraising committee.
Financial Report (Jim Weber, Charter Impact)
Monthly Financial Report - February 2023
P-2 ADA 231.95, cuts revenue ($20k) from budget. Goal $800k range surplus. Cash ended month $471k with $315k receivables factored (Feb-April). Attendance remained low between 87-89% during Jan-March. Rolling UPP 90.83%. PCSGP forecast cut $200k due to lack of eligible expenses - impact of changes net zero. ESSER III - $288K through 23-24. Arts, Music and Instructional Materials - $133,459 through 6/26, plan required before utilizing funds. Learning Recovery - $388,309 through 6/28. Ending fund balance forecast $1 million. Current cash is $471k with $315k advanced, net cash $156k. Strong surplus in year 2 will strengthen cashflow once AR is fully collected.
B.
Governance Board Handbook Draft
IV. Action Items
A.
Consideration & Approval Annual Declaration of Need Form (DON) SY 2023-2024
B.
Consideration & Approval of Board Members & Officers Form 700 Completion
Board approval not required.
V. Board on Track: Board Governance & Fiscal Oversight Training
A.
Board Governance Training
Rescheduled training date TBD.
B.
Fiscal Oversight Training
Rescheduled training date TBD.
VI. Board Member Comments
A.
Next Regularly Scheduled Board Meeting
Thursday, May 4, 2023 @ 4:30 PM
Pledge of Allegiance led by Dr. Huff.