Whereas: Empower College Prep was granted $1,068,000 to establish a non-profit transportation company, and

Whereas: Abundant Transportation has been established and is in operation, and

Whereas: A contract has been established to protect all immediate and foreseeable needs and interests of Empower College Prep related to transportation while increasing Empower College Prep's capacity to expand in ways central to its educational mission.

Therefore, provided an amendment detailing the profit-sharing arrangement between Abundant Transportation and Empower College Prep is adopted by the January Board meeting.

Whereas: Empower College Prep was awarded a grant of $1,068,000 to establish a non-profit transportation company that would provide transportation to schools and donate a portion of its net income to support education, and

Whereas: Empower College Prep has used these funds to establish Abundant Transportation, purchase assets and services for Abundant Transportation, and hold the remaining cash assets for Abundant Transporation as described on Slides 13-16 of the attached deck, and

Whereas: The contract between Empower College Prep and Abundant Transportation also includes Empower College Prep transferring vehicles purchased separately from this grant at their present value of $481,074, which will be paid through discounts on each invoice.  

Therefore, let it be resolved that: Empower College Prep transfer $966,981.84, the 7 school buses, and the 2 minivans listed on Slides 16 of the attached deck. 

At our last Board meeting, the Board had the opportunity to review and comment regarding the FY23 Single Audit Draft before being finalized and submitted to bondholders. 

No material changes were recommended by the Board or made by the Management Team or auditor. 

The Auditor presented the final version for the management team to submit to bondholders by the November 27th deadline in the bond covenants. 

Tonight, the Board has the opportunity to vote to acknowledge acceptance of the Final FY23 Single Audit, as required within 30 days of completion by the Arizona State Board for Charter Schools. 

The purpose of this is to ensure transparency between the management team and the Board. 

Whereas: From time to time students engage in behavior that qualifies for consideration of expulsion based on the Board-approved Scholar and Family Handbook, and

Whereas: State law requires such expulsion hearings to be conducted in a timely manner that may be more immediate than the next regularly-scheduled Board meeting.

Therefore, let it be resolved that: Steve Inman and Brandi Bressler are appointed as the members of Empower College Prep's Expulsion Hearing Committee who have full and final authority to decide cases considering the expulsion of students from Empower College Prep. 

Change date of January meeting from January 22 to January 29

End of Year Giving