Great Oaks Foundation Director of Finance R. Iandoli reviewed the November financial dashboard. Due to variances in revenues as well as expenditures, GO-BPT is doing worse than budget for year to date. The school will seek to generate savings for non-personnel expenses and school operating expenditures. 

Great Oaks Foundation Chief Operating Office M. McGregor presented a summary of proposed terms and conditions of a proposed loan from Boston Community Loan Fund, Inc. to finance tenant improvements for the long-term Cherry Street facility. He reviewed projections for different fundraising scenarios, including fundraising for minimum debt service versus embarking upon a full-scale capital campaign. Discussion about long-term implications ensued. 

M. McGregor shared that there is an arrangement for the short-term facility needs for the growth to ninth grade. GO-BPT will expand about 5,000 square feet within the 510 Barnum Avenue location. The Great Oaks Foundation has accepted a bid for a contractor and an architect to begin tenant improvements in the short-term space. 

R. Reid shared data from the first of four surveys of teaching staff done in partnership with Panorama Education. As a next step, R. Reid will be comparing the results of Great Oaks Bridgeport to the other Great Oaks schools. Survey data indicated that staff is feeling confident about the seventh grade reset. Challenges identified included low results in teachers' feelings of efficacy, a challenge consistent with education in general and urban education specifically.