T. DeLoach reported on the enrollment applications that were received during this past recruitment season, noting that applications were only slightly lower this year. We saw an increase in Spanish-speaking family applications and continue to refine our recruitment strategies to ensure we are reaching all families across the city.

T. DeLoach also reported that we are entering offer season for returning staff. We are offering a 4% increase to all eligible staff, as well as a recommit bonus to those who sign on by a set date early this spring.

S. Furtado asked about a timeline for the new business manager role, which T. DeLoach stated that job posting was published today and we are eager to hire the right person, as soon as possible.

C. Bator asked whether T. DeLoach feels the current compensation package is sufficient for securing the best teachers and talent for Alma. T. DeLoach stated that we are looking a harder look at the approach to compensation as part of our Strategic Plan, knowing that being able to offer a competitive and appealing salary for teachers is an ongoing topic. 

T. DeLoach reported that on the heels of our DESE charter renewal, Alma will be working on a new Accountability Plan as well as planning action steps to resolve issues from the renewal process.

B. Kurie shared that donations continue to come in after the holidays, including from donors who we hadn't heard from for a few years. B. Kurie will send out an invitation to the 8th Grade Civics Fair, which is a great opportunity to bring friends in to see the school and interact directly with our oldest scholars. 

B. Kurie shared that her final day with Alma del Mar will be Friday, April 3, though she will remain on in a contract role to support with the transition through the end of the school year.

T. DeLoach reported that the state budget includes an 8 percent increase for education.

J. Korn asked about how the draft budget may relate to supporting teachers seeking qualifications and the Duet Program.

D. Prentiss shared about two advisors who responded to Alma's RFP for an investment advisor, in part thanks to recommendations from Alma's Advisory Council. FinComm reviewed the proposals last week and Boston Family has been selected as the preferred group to be recommended to the Board. J. Korn recommended we secure a multi-year contract; though J. Wallace asked about potential risks involved with a multi-year contract. J. Wallace asked that there be a quarterly review of performance. J. Wallace also asked about the anticipated balloon payment and potential options.

D. Prentiss shared more about the Board Retreat from January and posed the question of how the board can fulfill its governance responsibilities in that our equity goals are being achieved as we proceed with our strategic plan work. What is the equity element within our strategic plan? How do we ensure we are getting outcomes for ALL our scholars? The Governance Committee will continue to lead on this work with collaboration from the Academic Excellence Committee and the broader Board of Trustees. 

J. Korn asked that the strategic plan be a standing item on the board's meeting agendas to ensure the board is informed of all progress.

T. DeLoach shared that C. Fisher has identified an anticipated surplus and asked the Board to consider approval of a thank you bonus to be funded by a portion of the surplus. T. DeLoach has proposed a $500 thank you bonus for every staff member to be presented during the Annual Staff Retreat on April 17th. While we do not yet know the exact surplus amount, we anticipate this being a fair, and conservative amount.

C. Holley reported that FinComm will confirm the surplus amount prior to bonuses being paid out in April.