TEACH Las Vegas Special Board Meeting Minutes

August 3, 2023, 5:00-6:00 PM

Minutes Approved

Teach Las Vegas

Minutes

TEACH Las Vegas Special Board Meeting

Date and Time

Thursday August 3, 2023 at 5:00 PM

Directors Present

D. Horn (remote), N. Sarisahin (remote), Q. Branch, T. Allison (remote)

Directors Absent

J. Carver

Guests Present

B. Bulgeron (remote), M. Brown (remote), R. McNeel (remote)

I. Opening Items

A. Call the Meeting to Order

T. Allison called a meeting of the board of directors of Teach Las Vegas to order on Thursday Aug 3, 2023 at 5:05 PM.

B. Record Attendance

C. Public Comment

There was no public comment.

II. CONSENT ITEMS

A. Approval of Board Agenda

B. Approval of the Minutes of the June 8, 2023 Special Board Meeting

T. Allison made a motion to Approve the minutes and the consent agenda.

D. Horn seconded the motion.

The board VOTED to approve the motion.

Roll Call
Q. Branch	Absent
D. Horn	Aye
C. Igeleke	Absent
N. Sarisahin	Aye
T. Allison	Aye
J. Carver	Absent

T. Allison made a motion to approve the minutes from June 8 special board meeting TEACH LV Special Board Meeting on 06-08-23.

D. Horn seconded the motion.

The board VOTED to approve the motion.

Roll Call
D. Horn	Aye
T. Allison	Aye
J. Carver	Absent
N. Sarisahin	Aye
Q. Branch	Absent

III. ITEMS SCHEDULED FOR INFORMATION & POTENTIAL ACTION

A. Vote to Renew the Term of Board Chair Trishawn Allison

D. Horn made a motion to Approve the renewal of Board Chair Trish Allison for a second term.

N. Sarisahin seconded the motion.

The board expressed gratitude for Trish's service

The board VOTED to approve the motion.

Roll Call
N. Sarisahin	Aye
Q. Branch	Absent
J. Carver	Absent
T. Allison	Aye
D. Horn	Aye

B. Vote to Renew the Term of Board Member Nick Sarisahin

T. Allison made a motion to Approve Nick Sarisahin for an additional two year board term.

D. Horn seconded the motion.

The board shared their appreciation for Nick's expertise and his contributions.

The board VOTED to approve the motion.

Roll Call
Q. Branch	Absent
N. Sarisahin	Aye
T. Allison	Aye
D. Horn	Aye
J. Carver	Absent

C. Vote to Renew the Term of Board Member Dan Horn

N. Sarisahin made a motion to Approve a renewed term for one year for Dan Horn.

T. Allison seconded the motion.

Dan explained his desire to continue service for a one year term. The board expressed gratitude for his contributions.

The board VOTED to approve the motion.

Roll Call
J. Carver	Absent
Q. Branch	Absent
T. Allison	Aye
D. Horn	Aye
N. Sarisahin	Aye

D. Financial Report

Richard McNeel gave the financial report. He explained it was a soft close and described a potential discrepancy that was identified and how his team is doing due diligence and will confer with the auditor. The school closed with 13 days cash on hand and failed to meet the 45 day cash on hand expectation of SPCSA. The board asked clarifying questions that were answered by Richard.

E. Cam Factoring Agreement

T. Allison made a motion to Approve the CAM receivable sale.

N. Sarisahin seconded the motion.

Matt Brown presented the CAM Factoring Agreement. The board asked about enrollment and how that impacted the need for the CAM factoring agreement and Matt described the importance of enrollment counts during the first week of school over projections. The board asked about true-ups, PERS witholding and additional CAM agreements and Matt described the priority of payments to be made.

The board VOTED to approve the motion.

Roll Call
T. Allison	Aye
N. Sarisahin	Aye
D. Horn	Aye
J. Carver	Absent
Q. Branch	Aye

F. Selection of the FY 22-23 Independent Auditor for TEACH Las Vegas

N. Sarisahin made a motion to Approve CLA as the 22-23 Independent Auditor for TEACH LV.

T. Allison seconded the motion.

Matt Brown described the process and criteria that was considered in the selection of the independent auditor. Richard McNeel weighed in and described CLA as having the reputation as the gold standard for auditors.

The board VOTED to approve the motion.

Roll Call
Q. Branch	Aye
D. Horn	Aye
T. Allison	Aye
N. Sarisahin	Aye
J. Carver	Absent

G. TEACH Las Vegas Tax Return

N. Sarisahin made a motion to Approve the TEACH LV Tax Return.

T. Allison seconded the motion.

Matt Brown presented the topic of the tax return. Board member Horn asked questions about the tax credit and Matt provided clarification.

The board VOTED to approve the motion.

Roll Call
D. Horn	Aye
J. Carver	Absent
T. Allison	Aye
Q. Branch	Aye
N. Sarisahin	Aye

H. Certify the Certificate of Compliance

T. Allison made a motion to Certify the Certificate of Compliance.

Q. Branch seconded the motion.

Beth Bulgeron presented the certification of compliance.

The board VOTED to approve the motion.

Roll Call
N. Sarisahin	Aye
T. Allison	Aye
Q. Branch	Aye
D. Horn	Aye
J. Carver	Absent

I. ED Report and Enrollment Update

Beth Bulgeron read the ED report on behalf of Andrea Moore. The materials are included in the board packet.

J. Approve the Revised School Calendar

T. Allison made a motion to Approve the Revised Calendar.

Q. Branch seconded the motion.

Beth Bulgeron presented the revised calendar and explained the revisions were due to adding an additional contingency day.

The board VOTED to approve the motion.

Roll Call
Q. Branch	Aye
T. Allison	Aye
J. Carver	Absent
D. Horn	Aye
N. Sarisahin	Aye

IV. Closing Items

A. Upcoming Meeting Date

The next Regular Board Meeting will be held on August 22 at 5 pm

B. Public Comment

Beth reminded board members to submit disclosure forms.

C. Board Member Comments

Nick provided information on support available for transportation.

D. Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 5:46 PM.

Respectfully Submitted,

T. Allison