Barbara Scott provided a brief update of the actions taken by the School in response to the Signature Bank closing.

Jasmin Abbatiello noted that the School is close to meeting the fundraising goal for this fiscal year. Jasmin also reported that third grade students will participate in the Summer Boost program sponsored by the Bloomberg philanthropies. Additionally, both the MoMA and Classical Theatre of Harlem have expressed interest in future programs with the School.

Jasmin Abbatiello provided an update on the website redesign, sharing expected delivery dates of the public deliverables due in July and the non-public deliverables due in August. Jasmin shared that the team is looking into seeking ESSER funding for the project, noting it as a post pandemic school operational continuity need.

Melanie Hok reported on the collapse of Signature Bank and shared that the School has opened a new account at Chase bank because of this. Melanie also noted that the School was able to successfully transfer majority of operating funds to Chase. Prior to the shutdown, on March 2nd, the Finance Committee met with the wealth management teams at both Morgan Stanley and Signature Securities Group on possible opportunities to invest the School's excess cash in principal protected investments such as treasury bills and CDs. 

The Finance committee recommended that the School move forward with Morgan Stanley for the purchase of both T-bills and CDs.

Kathy Ortiz reviewed the monthly data dashboard and noted that student attendance in February was lower because of illnesses. Kathy also shared that state testing will begin in April.

Kathy Ortiz provided a recap of the previous discussion regarding core values for the School, sharing results of the Bronx Arts' community members. Kathy shared next steps, noting the plan is to incorporate such values in the curriculum and the teachers' professional development.

The board went into an executive session to discuss a HR matter and concluded at 7:26pm.