Aurum Preparatory Academy
Minutes
Aurum Board of Directors Meeting
Date and Time
Saturday June 16, 2018 at 11:00 AM
Location
436 14th Street, Suite 310, Oakland, CA
Directors Present
A. Benedetto, J. Weinstein-Carnes, K. Fliss, M. Hall, P. James, V. Toke
Directors Absent
J. Jordan, S. Love
I. Opening Items
A.
Record Attendance and Guests
B.
Call the Meeting to Order
K. Fliss called a meeting of the board of directors of Aurum Preparatory Academy to order on Saturday Jun 16, 2018 at 11:04 AM.
C.
Aurum Mission and Vision
D.
Approve Minutes
J. Weinstein-Carnes made a motion to approve minutes from the Aurum Board of Directors Meeting on 05-24-18 Aurum Board of Directors Meeting on 05-24-18.
P. James seconded the motion.
The board VOTED unanimously to approve the motion.
II. Board Policy on Long-Term Absences
A.
Review Bylaws and Fiduciary Duties
Board eviewed types of Boards: Founding, Working, Managing, Governing
Board Chair acknowledged that we are moving from a working board toward a governing board as the school is about to open.
Board Chair acknowledged that we are moving from a working board toward a governing board as the school is about to open.
B.
Formalize Short-Term Absence Policy
Board reviewed Procedural Consequences of board leaves/absences.
Discussed pros and cons of board leaves.
Discussed need for advance notice (when possible) of a need for a leave.
Governance committee will put forward proposal for procedure to be discussed at July board meeting.
Discussed pros and cons of board leaves.
Discussed need for advance notice (when possible) of a need for a leave.
Governance committee will put forward proposal for procedure to be discussed at July board meeting.
III. Finance
A.
Discuss Aurum Cashflow
Executive Director presented cash flow over next 6 months.
Discussed grant timing and cash inflows between June and October.
Discussed grant timing and cash inflows between June and October.
B.
Cash Flow Approach
P. James made a motion to Pursue a private market loan and if not, pursue selling receivables to address a working capital need by July 11.
K. Fliss seconded the motion.
The board VOTED unanimously to approve the motion.
C.
Charter School Capital Loan
IV. Academic
A.
Local Control Accountability Plan
Board reviewed LCAP academic, cultural goals and operational goals.
V. Toke made a motion to Adopt LCAP goals as presented.
M. Hall seconded the motion.
The board VOTED unanimously to approve the motion.
V. Closing Items
A.
Next Month's Meeting
Board reviewed role of a governing board.
Board reviewed open meeting requirements.
Board established committee meeting calendar for the next year.
Board committees established goals for the next two months.
Board reviewed open meeting requirements.
Board established committee meeting calendar for the next year.
Board committees established goals for the next two months.
B.
Adjourn Meeting
K. Fliss made a motion to adjourn the meeting.
M. Hall seconded the motion.
The board VOTED unanimously to approve the motion.
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 6:00 PM.
Respectfully Submitted,
J. Weinstein-Carnes
Recommended that we add Gold Skills to this for next meeting