Mr. Wood reviewed each check register prior to the vote.

Mr. Wood reviewed the credit card charges prior to the vote.

Mr. Wood led a discussion and overview of ICON's services and contract renewal prior to the vote. 

Specific compension/contract terms include:

A. Contract Term: July 1, 2022, through June 30, 2023 (12 months) o 

* The contract term between ICON School Management and El Camino Real will be for 12 months. 

B. ICON is offering El Camino Real Charter High School a substantially discounted fee structure from the standard management pricing model: 

* $96,000 for the fiscal year, paid in equal monthly installments equal to $8,000 per month.

Ms. Lopez-Vargas asked Mr. Wood about the possibility of moving these services "in-house," to which Mr. Wood noted that this might happen eventually, but for now, we are benefitting from ICON's services as a second set of eyes on our finances as additional subject matter experts in support of the organization. 

Mr. Hussey noted that Mr. Wood was able to negotiate a price reduction during the past two years for ICON's services ($130K to $96K and continuing at the $96K amount if approved.

Mr. Wood provided an overview of the CharterSAFE Executive Report and Proposal and package of services/Member Contribution Summary and Coverages (WC, liability, and other lines of insurance) and costs prior to the vote.

Net expense of $731K, including a $30K COVID-19 rebate. 

Mr. Wood noted that a previous provider, Gallagher, affirmed that this is the market (rate/cost) for such services. 

Liability is 10% increase due to increase in child abuses, and claims have gone sky high.

I recommend CharterSAFE.

Dr. Lowry noted that CharterSAFE's services are beneficial and that he had in fact been on the phone with a CharterSAFE director regarding with whom we are currently working on a variety of matters. 

Ms. Lopez-Vargas asked if CharterSAFE provided the annual trainings, to which Dr. Lowry replied that we offer the annual training modules through Vector Solutions. 

Mr. Wood noted that CharterSAFE does offer modules and trainings available on a variety of topics.

Ms. Malconian asked if we met compliance guidelines to qualify for a rebate, including sexual harassment/child abuse, and dual authentication for security.  Mr. Wood noted that we did not meet the dual authentication requirement.   

Mr. Wood discussed this item prior to a vote, including the possibility of writing off the expense with CARES ACT Funding because the COVID-19 pandemic directly and adversely impacted the sale of the yearbook. 

Committee discussed additional discounted sales opportunities for students (possible $50.00 per yearbook) and the need for coordinated communications related to these efforts. 

Ms. Clark provided a review of the LCAP document changes since the Special Board Meeting of June 2nd, 2022. 

counselor

Marketing Person

We have money set aside

$1.1M textbooks and supplies

$125K for marketing person 

Ms. Malconian asked for clarification as to whether or not the marketing budget item is for a person or a firm, to which Ms. Clark confirmed that it is for an on-site person.  Mr. Wood and Mr. Hussey affirmed that the parents requested communication. 

Furniture is another investement  - $500K (p. 40)

New hires, marketing, two part time EL assistants to support EL students; 

Parent and teacher requested to get more on-site security to increase safety.

Adding additional PSW for a total of two.

Expanding the Wellness Center and beautifying it.

Student mentoring, PD, restorative justice

Peer counselors/Wellness on certain mental health (workshops, etc.)

Attendance and SRM to track attendance.

Mr. Wood reviewed the LCFF overview for parents, including the following highlights:

. $38,575,151 Total LCFF

. Federal Funds - $3.6M

. All Local Funds $4.7M

. All Other State funds $1.4M

All other LCFF Funds $36M

LCFF Supplemental & Concentration Grants ($2.5M) 

The text description for the above chart is as follows: The total revenue projected for El Camino Real Charter High School is $48,321,626.00, of which $38,575,151.00 is Local Control Funding Formula (LCFF), $1,439,530.00 is other state funds, $4,697,685.00 is local funds, and $3,609,260.00 is federal funds. 

Of the $38,575,151.00 in LCFF Funds, $2,479,078.00 is generated based on the enrollment of high needs students (foster youth, English learner, and low-income students).

Prior to the vote, Mr. Wood, CBO, led a discussion on the proposed 22-23 previewed the School Service of CA Charter School Financial Projection Dartboard 22-23 May Revision document, a summary of what districts use for their long-term planning based on economic indicators, and other planning factors, including LCFF, CalSTRS, and CalPERS.  CalSTRS will level and CalPERS may eventually decrease.

Mr. Wood then provided an overview of LACOE's related bulletin, and noted, too, that School Services of California, CASBO, and other organizations, all provide information to schools and districts to use to inform them as they build school budgets.  He noted that he wanted to provide assurance to the organization that the budget is based on information and data provided by a variety of sources.  

Ms. Malconian asked whether or not the budget reflects any one of the potential "hold harmless" attendance formulae.  Mr. Wood, provided an overview of the Budget, noting that it is a conservative budget outlook based on raw numbers and enrollment projections based on ADA projections.  

Ms. Lopez-Vargas aseked if the attendance rate assumption is not as low as this year but not as high as pre-pandemic levels, to which Mr. Wood replied in the affirmative. We're in the middle, about 94%.

Mr. Hussey noted that there will more strict attendance consequences, noting that students' eligibility to attend certain activities will be based on their school attendance.  He noted that the plan is to promote the plan early next school year. 

Mr. Arndt, of ICON School Mgt., then provided an overview of the 2022-2023 Budget proposed (Form 62) Expenditures by Object, with highlights as follows:

Revenues: $48.3M Proposed  (Mr. Wood noted the connection to the pie charts from the previous LCAP documents)

Expenses:  Increases in salaries, furniture experiences, have factored in new positions, LCAP-based positions, all other expenses factored.

Special Ed. program increases; no actual reference on the report, but are considered "pass through," State Sp. Ed. Funding is AB 602; and Fed. is IDEA; our funding comes through LAUSD; property taxes, too. 

This form provides a detailed breakdown on these pages.

CA legislature should provide a budget by June 30th at this point.

Mr. Hussey noted that if enrollment drops, we'd lower class size.  

There are different ways of lowering class sizes.

Mr. Wood noted that ECRCHS will report if there are any material changes over the Summer.

Meeting adjourned at 6:28 p.m.

Voice Vote unanimous for adjournment.