Public comment: The time for public comment will take place at the end of the meeting due to the online nature of our gathering. If anyone would like to participate, we ask that you comment with your first and last name, your comment/question and the best way for us to contact you (if you want feedback) in the comments bar provided on screen. We welcome this and consider it seriously, but we cannot respond immediately unless the President or meeting chair decides that an immediate response by the board is needed and can be made during public comment, s/he will refer it to the appropriate person for a brief response. Due to this virtual format, individual comments and questions submitted will be read into record at the end of the meeting.

In order to allow more public input, the Board welcomes written comments or inquiries submitted before the meeting to board@emsacharter.org.

Another meeting will be scheduled in February to continue to discuss benefits/pay and evaluation structures. 

Additionally, Jacquelyn is attending a meeting on next Thursday with HR to discuss our insurance benefits as there are additional ones that staff have brought up that could be helpful benefits such as short term and long term disability, mental health assistance programs, and more. 

Please see the attached document for specific comments from staff regarding the equity salary moves. 

Wintrust has approved an increase in the credit limit for EMSA's Operating Line of Credit, from its historic $150,000 limit to $250,000.

Suggested Board Resolution:

RESOLVED, Dan Alexander, as Chief Operating Officer of Elgin Math & Science Academy, is authorized on behalf of the EMSA Board to execute, sign, and deliver to Wintrust Bank and its affiliates, any forms, agreements, and any account opening and service documentation and do all acts, things, and any account opening and service documentation and do all acts, things, and matters whatsoever necessary for the maintenance and execution of the Line of Credit under such terms and conditions as he may deem good or advisable at his discretion.

Construction for the Gym project is complete.  Payment #8 has funded.  Payment #9 will close out the Project; EMSA is waiting on the pay application from Bulley & Andrews, which is expected in the second half of January.

Highlights of COO activity since our December Board meeting are described in the attached Report.

Minutes from the January 18, 2022 Finance & Operations Committee are attached.

This has not yet been brought back to the committee to be re-discussed after only some positions were approved at the last staff meeting. 

At this time, staffing projections haven't changed, although this is something that we were going to re-discuss at the next AEC meeting in February, and bring to the board for a vote again at the February board meeting. 

The creation of co-chair leadership roles fits within the bylaws and keeps all other executive office holders in place.

Audience Comments and Questions will be read into record at this time.