Beth Sweetman welcomes Chris Benner to the Board. Phyllis had a last-minute conflict and will join us next month! 

Courtney Hughley focused on the Annotated Financial report. 

A decrease in transportation, due to sharing routes within our schools. 
Salary adjustments with staff who received advanced degrees. 
    Beth Sweetman questioned is there a better way to track or be prepared for staff who are receiving advanced degrees. 
Overall forecasting $169,000 ahead for the year. 
Another check will happen mid-year to ensure all forecasted expenses are on point. 
 

 

Richard Moore completed a random check register check, found no discrepancies. 

Richard Moore discussed the audit. Overall the audit appeared to be a great evaluation. 

Courtney Hughley will prepare a response on items that we need to address from the audit and have the Finance Committee review. Once approved by the finance committee the Board would like to see. 

Daniel Yoder - Is fundraising expenses captured anywhere in the audit?    
These items will be included in salaries, supplies, and services. 
Cash Flow Statement - a shift from indirect reporting to direct, recommends this process for Crossroads with the cash flow statement. 
This could be something we request and inquire about. To have both indirect and direct reports. 

 

Dean Johnson provided an update on funding inequity. 

MOU with KCPS has been reviewed by KCPS and MCPSA attorney's and this is the final draft. The intention of this MOU is to help get local dollars to Charter Schools. KCPS has asked this to be reviewed and signed by December so that their Board can review. 
 

Beth Sweetman discussed the committee descriptions and asked the Board to review and approve descriptions. 

Due to the Board member's terms ending, we are needing to fill Officer roles for the Board. 

Beth Sweetman will be resigning as she is moving out of state. She will remain on the Board for the remainder of her term (6-months) however, Ron Cattelino will take her place as Board President for the remainder of her term if Board approves. 

The goal for tonight: Approve committee descriptions, approve Ron as President from January through July. 

Open positions: Treasurer, Vice President, and Secretary. Board will send Beth their requests by December 9th, if interested in stepping up on a role. 
 

Richard Moore discussed the financing for the Entegrity finance program for Crossroads Preparatory Academy, 816 Broadway Blvd. Commerce Bank did not recommend this form of financing for energy improvements at this building. Therefore, the Entegrity energy improvements will not happen at CPA. However, we are still considering these improvements at Central Street and Quality Hill. 

Nothing to vote on tonight. 

Courtney Hughley has asked the Board to approve a new position that was not included in the original budget for the 2019-2020 school year. Crossroads is low on Administrative staff compared to most Charter Schools. An Operations Administrative Assistant - manage day to day communications, the weekly newsletter, and social media as well as assisting with orders and invoices. 

Conditionally approve this position, based on the outcomes of the KCPS decision on the funding inequity MOU. No need to VOTE.