No individual presentation on agendized or non-agendized items shall be for no more than two(2) minutes and the total time for this purpose shall not exceed fifteen (15) minutes.  Speakers requesting translations will have four (4) minutes to present.  

The Board will hear public comments, and Identify next steps as needed.

Pre Reading:

• CEO Reflections and Update:    
  • Link:  https://docs.google.com/presentation/d/1OnqlK8j1slEV9ljhfQNDoMRnxmHwN5IchiYP6Go0h1I/edit#slide=id.g183bf939407_0_255

Summary and Questions about the Pre Reading:

• Questions/Feedback from the Board

Determine Next Steps for CEO/Board:

Pre Reading:

• Preview of where we are with our 18 Month Impact Plan for Lighthouse and Lodestar:    
  • ANET 2nd Interim Assessment Data. (December, 2022)  
  • Leadership Coaching, Accountabilty, and Professional Learning
• Link: https://docs.google.com/presentation/d/1X0jeUEgVNL9GP0vk51brdGPYSJD2iKermSOLlEZqHFU/edit?usp=sharing

Summary and Questions about the Pre Reading:

• Questions from the Board  

Determine Next Steps for Staff / AAC / CEO:

LCPS Staff has reviewed these materials and recommends approval of the 2021 SARC reports for:

• Lighthouse K-8
• Lighthouse 9-12
• Lodestar K-12

Note:  LCPS, along with many other district and charter schools, use DTS (a document tracking service for school compliance).  DTS has shared that CDE has not updated key data tables and will not do so by the 1/31 deadline.  Hence, DTS has advised that we approve and post the SARC even though the data may be blank or outdated.  Once the CDE's data issues are resolved, the data will be uploaded and revised SARCs will be posted on-line.  

Note:  PFT data will be updated on Monday, 1/30

Lodestar Link:  https://drive.google.com/file/d/1J18ixu5zVyZjMehCN_Rn6H-hbqAg7zZZ/view?usp=share_link

Lighthouse K-8 Link:  https://drive.google.com/file/d/1pU4Ap0jR2pociQSZqLFuqAcMC4JgCL-3/view?usp=share_link

Lighthouse HS Link: https://drive.google.com/file/d/1n3UOIx0X_5o8E8C2OmxQuTZchyfR13-d/view?usp=share_link

This presentation covers a few critical updates:

•  Update on SY 22 Audit Process - Extension
  • Current update from Auditors estimated to complete a draft the week of February 6, 2023
  • Extended deadline is February 28, 2023.  The extension was approved by OUSD.
•  Update on LCPS securing a Line of Credit for $3MM to $4MM
  • Link:  https://docs.google.com/spreadsheets/d/1OOkc5mBBEZH3-GFbxnWsRH2EBpkmCL9C/edit#gid=641458514
• Governor's Proposed Budget for 2022-23
  • Link:  https://drive.google.com/file/d/19ma58NgeYvIt1jyijKGaQt6v8ra5zlqU/view
• Facilities Bond Reporting due March 1

The CEO and Finance Committee recommend approval for LCPS to invest outstanding Bond Proceeds ($3MM) in risk free Investments.  

Link:  https://drive.google.com/file/d/1gsyjVJDzOZ-uaPAirJswUMrTfjXJcxfB/view?usp=share_link

Framing for Agenda Items B, C, and D.

• LCPS, as part of the bond process, have $3MM available for capital improvement - Item B allows LCPS to put these funds in risk-free investments until they are ready to use.  
• Item C lists the prioritized projects over the next three years.  Each project, in accordance to our fiscal policy, will be brought to the Board for formal approval.  
• Item D is the draft LCPS policy to follow competitive bidding processes required with federal funding.  
• Belen Orozco, Director of Operations, and LInda Wu, Senior Director of Finance, will manage these processes over the next three years.  

This document provides high level, preliminary details of the uses of our $3MM for Capital improvements for the LIghthouse and Lodestar faciltiy:  

Link: https://docs.google.com/document/d/1EGcSM13F3xvOFQdS70g2fIbeEJEUDQj5VoJUX9MKoZw/edit

Recommendation:  CEO approves the adoption of this LCPS Policy, which has been prepared by our Legal Counsel at YMC.  As a public charter school that took on tax-exempt bonds backed by the California Schools Finance Authority (CSFA), we will need to follow this policy aligned to procurement procedures for federally funded projects for any capital expenditure funded by the $3MM as part of our bond package.  

This process will be managed and led by Linda Wu, Senior Director of Finance, and Belen Orozco, 

Link:  https://docs.google.com/document/d/1FcoiOf0IuzAZzVNoXCHnrSi-DFSpfXCe/edit?usp=sharing&ouid=111956390122871555115&rtpof=true&sd=true

Framing:  

• LCPS proposes average salary increases - 6.9% for teachers and 6.5% for all staff for the 2023-24 SY
• Last year, we worked on teacher compensation over two board meetings; this year, we hope that one meeting will be necessary to review the data, peer comps, and anticpated revenue to fund the $1.3M aggregate increase in compensation. 
• This presentation has addressed feedback from the finance committee meeting on 1/25.   

Recommendation:  CEO recommends approval of our proposed Teacher and Staff compensation increases that allows LCPS to maintain competitiveness and sustainability for our teachers.  This is a conservative increase that aligns the 23-24 budget to state expected COLA and updated LCFF funding formulas.  

Links:

•    https://docs.google.com/presentation/d/1n0FQr8qAmc-_gDhKXRB9EPPaCD4t7D9s/edit#slide=id.p4