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Dr. Webber thanked Mr. Bravo for showing the Board the new soccer field., acknowledging the difficulty in putting the field in the limited space available. She congratulated the team on a job well done.

Dr. Wunder spoke about complex Independent Study compliance laws and the new Community Learning Days at Da Vinci Schools.

Regarding the charter petition renewals, Dr. Wunder and Ms. Rainey attended the public hearing at the Wiseburn Board meeting to give an overview of the charter petitions, which Dr. Wunder feels were positively received. The Wiseburn Board will give Da Vinci their findings and recommendations on November 6. The Wiseburn Board plans to vote on the petitions on November 21. Brief discussion ensued on the potential need for a special Da Vinci board meeting to approve and submit changes  per any Wiseburn findings prior to November 21.

Dr. Wunder went on to discuss the visit from State Treasurer Fiona Ma, who oversees California's $291B budget. The visit was facilitated by Katrina Johantgen, Executive Director of the California School Finance Authority. The visitors were impressed by the students they encountered and spoke with, and alerted Dr. Wunder's team to several funding opportunities.

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Mr. Amato gave the financial update, sharing the August balance sheet summary; accounts receivable are higher than normal due to a prior year adjustment and current year In Lieu of Property Tax payments from Wiseburn being outstanding in August this year.

Deferred revenue monies collected from previous grants will be used to support current and future year expenses.

The net asset year-to-date decrease amount is as expected due to the cycle of State and Federal funding.

LCFF revenue reflects the October 2 census day enrollment data. Overall total Da Vinci enrollment budget is on target. Brief discussion ensued on the amount of State funds per student based on grade level. Dollars per pupil are lower for Kindergarten and increase through high school. Dr. Wunder added that at the beginning of this school year, Da Vinci high school enrollment is back to pre-lockdown levels.

Mr. Amato went on to share other revenue and expenses. Brief discussion on the bank maintaining Da Vinci's 3.5%, no fee interest rate under the insured cash sweep account. Mr. Amato shared personnel expenses, saying that certificated salary variances due to the one-time certificated employee retention bonuses being paid out will hit the books in September.

Mr. Amato is waiting for the final amount of the Golden State Pathway grant funding to be announced. This is a four-year grant supporting all Pathways. The biggest expenses are for technology to support and maintain the pathways. Mr. Amato explained that the State received many petitions after the first declaration of the grant amounts, which resulted in the State reevaluating the disbursements more than once. Mr. Amato believes the State is trying to be equitable. 

Dr. Wunder shared that when he inquired about how the amount of the Schwab Foundation grant for which Da Vinci has applied is determined (performance, enrollment, etc.), he learned it's based on current Schwab stock valuation. 

Mr. Bravo spoke of the soccer field punch list to be covered in the next few weeks. The ribbon cutting ceremony will be held on October 21. The field installer requested the field be used in order to gain feedback prior to the punch list completion, so the students have begun practicing on it.

The lights that were installed years ago will be fine tuned for field coverage.

The schools will receive guidelines for use of the field in order to maintain its integrity. An alumni/staff game is being organized.

The Cafe option 2 plans have been submitted to the Health Department, and the plumber is putting together notes at the Health Department's request.

Closed session entered at 6:35pm

Public session reconvened at 7:59 p.m.

Dr .Webber reported that no action had been taken in closed session.