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TEACH Public Schools

TEACH Regular Board Meeting

Date and Time

Wednesday March 29, 2023 at 5:00 PM PDT

Location

In person location:

TEACH Academy of Technologies

10000 S. Western Ave

Los Angeles, CA 90047

Room:Auditorium 

 

 

Alternate public access meeting locations:

 

8505 S. Western Ave. Los Angeles, CA 90047

 

10616 S. Western Ave. Los Angeles, CA 90047

 

2109 W. 102nd St. Los Angeles, CA 90047

 

1251 S. Grand Ave. Los Angeles, CA 90015 

 

 

Zoom link access:

Beth Bulgeron is inviting you to a scheduled Zoom meeting.

Topic: TEACH Regular Board Meeting
Time: Mar 29, 2023 05:00 PM Pacific Time (US and Canada)

Join Zoom Meeting
https://teachpublicschools-org.zoom.us/j/81532431815

Meeting ID: 815 3243 1815
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Meeting ID: 815 3243 1815
Find your local number: https://teachpublicschools-org.zoom.us/u/kYqhwhtAC

 

THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE
Notice is hereby given that the order of consideration of matters on this agenda may be change without prior notice.
REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY
The Governing Board’s presiding officer reserves the right to impose reasonable time limits on public testimony to ensure that the agenda is completed.
REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY
Pursuant to the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting of the Governing Board may request assistance by contacting TEACH Public Schools during normal business hours at as far in advance as possible, but no later than 24 hours before the meeting.
FOR MORE INFORMATION
For more information concerning this agenda or for materials relating to this meeting, please contact TEACH Public Schools, 1846 W. Imperial Highway. Los Angeles, CA 90047; phone: 323-872-0808; fax 323-389-4898.
www.teachpublicschools.org

 

Location: TEACH Academy of Technologies, Theater

10000 S. Western Ave

Los Angeles CA 90047

 

Alternate Public Access Locations:

 

3680 Wilshire Blvd.

Los Angeles CA 90010

 

3740 S Crenshaw Blvd. 

Los Angeles, CA 90016

 

1340 W 106th St.

Los Angeles, CA 90044

 

 

Join Zoom Meeting
https://teachpublicschools-org.zoom.us/j/87611265552

Meeting ID: 876 1126 5552
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+12532158782,,87611265552# US (Tacoma)

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       +1 253 215 8782 US (Tacoma)
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       +1 669 900 6833 US (San Jose)
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Meeting ID: 876 1126 5552
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Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 5:00 PM
  A. Record Attendance   Beth Bulgeron 2 m
  B. Call the Meeting to Order   Cecilia Sandoval
  C. Public Comment   Cecilia Sandoval 5 m
II. Consent Items 5:07 PM
  A. Consent Items: Approve the Current Agenda and Minutes From the February 1, 2023 Meeting Approve Minutes Cecilia Sandoval 3 m
   

Consent Items- Items included as  Consent Items will be voted on in one motion, unless a member of the Board requests than an item be removed and voted on separately, in which case the Board Chair will determine when it will be called and considered for action.  

  
    Minutes for TEACH Regular Board Meeting on February 1, 2023  
     
III. Items Scheduled for Information and Potential Action 5:10 PM
  A. Fiscal Report Discuss Richard McNeel 8 m
  B. 2nd Interim Financial Report Vote Richard McNeel 5 m
     
  C. TEACH Inc. Independent Audit Report FY2022 Vote Matthew Brown 5 m
     
     
  D. TEACH Inc. Audit Services Statement of Work - CLA Vote Matthew Brown 3 m
   

June 30, 2023 Fiscal Year 

  
     
  E. TEACH Inc Banking Update (PacWest Bank & CD) Vote Matthew Brown 5 m
   

Propose closing TEACH's $7,023,756.57 7 month CD at 3.9% with PacWest Bank and depositing the funds into a high yield savings account (currently at 5% interest) with PacWest Bank to obtain a higher yield with greater liquidity.  TEACH is currently conducing due diligence on non PacWest Banks to open an account in the next month to diversify its banking relationships.  TEACH would use a portion of the 7 million in the high yield savings account to fund the new banking account.  The plan would be to maintain 1-2 payroll cycles worth of cash in the new account to protect against any potential bank failure at Pac West Bank.

  
     
     
     
     
  F. New TEACH Banking Accounts - PNC Bank Vote Matthew Brown 10 m
   

Proposal to open an interest bearing (2.35%) checking account with PNC Bank and deposit 1 million dollars into the account to diversify our banking.  This account will act as an emergency payroll account if PacWest Bank should have liquidity problems that limit TEACH's ability to immediately access funds.

  
     
     
  G. Approval of Updated Title IX Policy and Grievance Process Maria Pimienta 5 m
     
  H. E-Rate Vendor 23/24 Vote Matthew Brown 3 m
     
     
  I. Approve the Academic Calendar for 2023-2024 Vote Raul Carranza 5 m
     
  J. CEO Report FYI Raul Carranza 7 m
     
  K. Proposed Board Meeting Dates for 2023-2024 Vote Beth Bulgeron 5 m
     
IV. Closing Items 6:11 PM
  A. Upcoming Meeting Date FYI Beth Bulgeron
   

The next Regular Board Meeting is scheduled for April 26, 2023 at 5 pm. 

  
  B. Public Comment Matthew Brown 5 m
  C. Board Member Comments 5 m
  D. Adjourn Meeting Vote