None

Mr. Boston expressed his appreciation for the partnership between Da Vinci Schools and VSP to provide free eye exams and eyewear for students who face barriers to accessing vision care.

Ms. Heimov noted Rosh Hashanah, Hispanic Heritage month and national Suicide Prevention Awareness month.

Dr. Webber asked Dr. Wunder to keep her apprised of the work being done with Wiseburn, collaboratively in the community, and requested regular updates at subsequent board meetings. She asked for Dr. Wunder's comments.

Dr. Wunder noted that a small team from Da Vinci and Wiseburn went to Arizona State University to meet with their Dean of Education to discuss partnership opportunities. ASU wishes to open a teachers' college for credentialing somewhere in Los Angeles. The Dean will meet with Dr. Silvers in early October.

Dr. Wunder also commented on the Profile of a Learner work being done with Wiseburn. The team is jointly drafting a clear vision of the initiative to share by the end of October.

He then read a list of statistics from Ms. Carla Levenson regarding the highly successful Summer in Wiseburn athletics and enrichment camps. 525 Da Vinci High School students volunteered at Wiseburn events last school year. Wiseburn's desire to expand performing arts has led Da Vinci to stand up a vibrant, expansive program.

Regarding 2025-26 initiatives, Wiseburn Middle School principal Lisa Wilberg and the Da Vinci enrollment team met to discuss engaging younger Wiseburn families. The Da Vinci team was present at several Wiseburn events to help spread awareness of Da Vinci in the community.

Dr. Wunder noted the collaboration between Michelle Rainey and Maggie Mabery, Ms. Rainey's counterpart at Wiseburn, including multiple Math Nights at Wiseburn Middle School.

Dr. Wunder also noted Mr. Boston's desire to receive updates for student achievement, analyzing subgroups, and coming up with a process to keep the Board informed.

Ms. Heimov commented that the Da Vinci student volunteers are the best ambassadors for Da Vinci Schools. She hopes it will continue to be a priority. Ms. Rainey shared that 15 Da Vinci students had just volunteered that afternoon at the first Math Night in Wiseburn.

Ms. Rainey shared the proposed plan to keep the Board updated on student achievement with monthly Board meeting presentations. She requested feedback on the plan be directed to her or Dr. Wunder.

None.

Mr. Amato shared the July financials as of July 31, 2025. Da Vinci has healthy cash levels. Accounts receivable are about a million less than this time last year. Last year at this time, there were a couple of new grants that were in accounts receivable. This year, there are no similar grants in accounts receivable. It's a matter of timing of grants.

Mr. Boston inquired about investments. Mr. Amato shared that current cash is held in an interest-earning, FDIC-insured cash sweep account which is available to Da Vinci on demand.

Mr. Amato discussed the accounts payable, including those Due to Grantor Governments, which is funding overpaid to Da Vinci (due to revised calculations) and slowly repaid monthly.

Deferred revenue is grant funding slowly spent over time.

The first month shows a decrease in net assets, which is normal at this time of the year when expenses outpace receivables for the first few months of the school year, and are caught up later in the year.

Mr. Amato then shared the actual vs. budget figures.

Ms. Heimov inquired about the Federal government's withholding of funding. Mr. Amato shared that Da Vinci Schools has not had any funds withheld. The largest funds are for Special Education, Child Nutrition Programs, and Title funding. Mr. Amato anticipates future uncertainty around Federal funding. Dr. Wunder commented that if the Federal government withholds funding for State programs like fighting wildfires, the State will most likely use the funds earmarked for K-12 education, affecting all California schools.

Mr. Amato noted that the State has previously relied on deferred revenues, and he plans for that possibility. Deferrals will depend on other parts of the State budget. Dr. Wunder added that if the State shortfall reaches $16B, cuts, not deferrals, are likely.

Dr. Wunder commented on AB 84, Assemblymember Muratsuchi's bill, which failed to make it to the Governor's desk. Some version of this bill will inevitably return.

Ms. Schaefer had previously inquired on the amount of interest that Da Vinci is earning. The Federal government had recently cut the interest rate. Mr. Amato shared that he was looking to invest in short-term vehicles at Schwab. DVSF was also interested in such investments. Mr. Amato spoke with Banc of California regarding interest rates. Da Vinci Schools' funds are currently invested at 3.5%, but the Banc of California is looking at reducing it as low as 3%. Mr. Amato shared with the Banc that he will look to invest Da Vinci's funds elsewhere. He is hopeful that Schwab will provide short-term investment opportunities at around 4%, as they are very supportive of Da Vinci Schools. Mr. Amato is awaiting Banc of California's response, and he may present the Board with a resolution to move funds from Banc of California to Schwab at the next Board meeting.  Mr. Meath inquired if the Schwab account is insured and if Mr. Amato is confident in the interest rate. Mr. Amato responded that the invested amounts would be distributed such that they would be insured, and the rate is dependent on timing.

Mr. Boston inquired if Mr. Amato has considered investing for a longer term. Ms. Schaefer noted that through her work at Pitzer, she has learned that you cannot "lock in" a higher rate over a longer term such as ten years. It is actually a higher rate for a shorter, three to six months, rather than a longer year or more vehicle.

Mr. Boston suggested laddering the investments. Mr. Santiago asked Mr. Amato to move quickly if necessary. Mr. Amato would bring a ratification to the Board if the rate is favorable, after informing the Board of the rate and details.

Mr. Bravo shared that Cafe construction timelines are going to require construction outside of school hours, such as winter or spring break.

Regarding the Del Aire construction project, the baseball field is currently being leveled. The November completion timeline is holding.

In addition, the bungalows being moved required trenching work and therefore a temporary removal of 10 feet of the play space at Connect TK-8. The trenching was just completed, so the play space has been restored.

The parking lot work was delayed by last week's rain, but has recommenced. 

The garden area is complete. Dr. Wunder shared that he's grateful to the Board, and grateful to partner with Wiseburn on this space for the students. 

The 550 Continental expansion work is continuing after some walkthroughs with the building's contractor and Facilities Director Mr. John Fernandez, Principal Ms. Tami Christopher, Executive Director of External Relations Ms. Carla Levenson, IT Executive Director Mr. Jesse Corral, and Mr. Bravo. The school will have sole access to the hallway between the original space and the expansion.

Mr. Bravo commented that soccer field rentals have begun. Various AYSO clubs are using the field as are the Los Angeles Chargers/Snoop and Housh Flag Football League. Mr. Meath shared that his grandson is in participating on a league team.  Mr. Bravo reached out to the Snoop and Hoosh league to secure their sponsorship for the National Youth Heart Screening Day that Da Vinci Schools is hosting. Wiseburn assisted with the League as well, as the Del Aire field was used on those few dates the soccer field was not available. Mr. Bravo's team strives for excellent customer service, and reports that every organization that has used the soccer field so far has loved the facility and staff. 

Closed session entered at 7:02 p.m. 

Public session resumed at 7:51 p.m.

Mr. Santiago reported that no action was taken in Closed session.