Mission Preparatory

Minutes

General Meeting

All meetings are in-person.

Date and Time

Thursday September 11, 2025 at 8:30 AM

Location

2501 Bryant St.

Directors Present

C. Craig-Chardon, D. Monte (remote), J. Garcia, N. Driver (remote), S. Cronin

Directors Absent

C. Schmidt, D. Goldberg

Guests Present

C. Jerez

I. Opening Items

A.

Record Attendance

B.

Call the Meeting to Order

J. Garcia called a meeting of the board of directors of Mission Preparatory to order on Thursday Sep 11, 2025 at 8:41 AM.

II. Consent Calendar

A.

Approve Meeting Minutes

C. Craig-Chardon made a motion to approve the minutes from General Meeting on 09-04-25.
N. Driver seconded the motion.
The board VOTED to approve the motion.

III. Finance

A.

Updates

Final report out from EdTech on unaudited actuals. Forecasted net income loss of $311k (original estimate was $216k in revenue losses) due to $8k reduction in LCFF funding tied to student attendance, $16k reduction in fundraising, $17k depreciation of fixed assets, $24k increase in books and supplies, almost $30k increase in utilities and consultant costs, federal reduction of reimbursements by $69k, and increases in compensation and benefits by $87k. Losses are partially offset by $83k in Prop 28 carryover (arts and music).

B.

2024-2025 Unaudited Actuals

N. Driver made a motion to Approve Unaudited Actuals for 2024-2025.
D. Monte seconded the motion.
The board VOTED to approve the motion.

IV. Closing Items

A.

Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 9:00 AM.

Respectfully Submitted,
C. Craig-Chardon