Golden Charter Academy
Minutes
GCA Board of Trustees Meeting
Date and Time
Thursday October 19, 2023 at 4:00 PM
Location
Golden Charter Academy
1626 w. Princeton Ave
Fresno, Ca 93705
Directors Present
B. De Vore, E. Gonzalez, I. Green
Directors Absent
K. Thomas, S. Barton
Ex Officio Members Present
R. Golden
Non Voting Members Present
R. Golden
Guests Present
A. James, Hannah@gyvinc.com, J. Xiong, stephen@civicedcenter.org
I. Opening Items
A.
Call the Meeting to Order
B.
Swearing in New Board Members
C.
Roll Call
D.
Pledge of Allegiance
Pledge of Allegiance led by Dr. De Vore.
E.
Approval of the Agenda
Seconded by Dr. Morris. Dr. Morris' name is not available in the dropdown atm.
F.
Public Comments
II. Consent Agenda
A.
August 17, 2023 Board Meeting Minutes
B.
Financial Warrants
III. Information / Discussion
A.
Reports and Updates
CEO Report (Robert Golden, President & CEO)
Congratulations to Trustee Keshia Thomas for being honored in the Marjaree Mason Top 10 Women of the Year! Enrollment Update - 321 students currently enrolled. Grades K-5th at amx enrollment, TK 15 open slots. Currently at 92% ADA. Available teaching updates - looking for 4th grade teacher. Interviewing candidates on Monday, 10/23. 1st grade teacher is going on leave until February, looking for an in-house long-term sub. Residency kickoff with Fresno University! Accepting three students every year. The state provided an additional 10k, totaling 30k assistance funding. Accepted into the Bellwether cohort. Bellwether on-campus institute on Monday, 10/23 from 7:30-5:30pm. Stand Together Foundation and Lebron James director campus site on November 16th (all say). Silicons Schools site visit on November 28th. New Board members to complete FUSD forms sent via email.
Fundraising Update: Welcome our new Director of Philanthropy, Cynthia Harris!
Cynthia Harris: Next Golden Tour on October 24th at 9:00 AM. November 14th and December 12th at 9:00 AM. Sending out End of the Year giving texts. Send Cynthia possible donor contact information. Currently 500+ constituents on database.
Financial Updates (Jim Weber, Charter Impact)
September 2023 Updates - Forecast 316 enrollment. Goal surplus $600k+ range 10% should strengthen cash flow. Cash ended $153k, PENSEC growth funding anticipated for November. Attendance rate at 90%. UPP dropped 68% from (88%), three-year average funding rate is 81%. Currently being amended. LCFF is calculated at $14,500+ per ADA. Reduced UPP cuts ($100k) from LCFF. Extension for an additional one year with PCSGP grant. Arts, music and instructional materials at $109k+ through 6/26, plans before utilizing tools. Learning recovery at $332k+ through 6/28. Expense expansion in the following: new staff, ASES program, extended day, salaries and benefits. Ending funding at 1.6 million, 27% should stabilize cashflow. Current cashflow at 153K. October cashflow remains low until AR collection in November.
B.
Facility Update
Art Dyson, waiting hard cost update after new contract. Modeled $22 million cost, estimated $1.5 million credit yearly. Option A: A and B loans: A loan $16 million, B loan %5.5 million. Option B: Tax exempt bond. 14-15 month construction process, April or June 2025. School expected to open at new site in August 2023. Waiting PG&E shut off until demo day. Anticipated date is late October, early November.
C.
Board Member Governance Handbook
IV. Ratification
A.
BMY Demolition Proposal
Voting member was Hannah Johnson.
B.
Approval of the Instructional Information Technician (IT) Job Description and Salary
Seconded by Dr. Stephen Morris.
V. Action Items
A.
Approval of the General Complaint Policy & Form
Seconded by Hannah Johnson.
B.
Approval of the Declaration of Need and Teacher List
Seconded by Dr. Stephen Morris.
C.
Approval of the Short Term Independent Study Policy
Seconded by Hannah Johnson.
VI. Board Member Comments
A.
Next Regularly Scheduled Meeting
TENTATIVE: Thursday, November 16, 2023 at 4:00 PM.
Dr. Ed Gonzalez swearing in Board members:
Hannah Johnson
Dr. Stephen Morris
Congratulations!