No public comment.

Mr. Brown presented the July financials.  TEACH Academy, TEACH Tech, & TEACH Prep closed with positive cash flow, surplus and positive fund balances at year-end. TEACH Tech fund balance closed at 5.6% (5% reserve requirement) TPS: Positive cash flow, surplus, fund balance at June 30, 2019.   The July financials will act as the unaudited actuals.  

P-2 reports submitted to CDE-
○ TEACH Academy (P-Annual 386.34), P-2 ADA @ 389.40 vs. Budget @ 383 (6.4)
○ TEACH Tech (P-Annual 323.86) P-2 ADA @317.63 vs. Budget 355 (37.37) (less enrollment )
○ TEACH Prep- (P-Annual 68.93) P-2 ADA @ 69.35 vs. Budget @ 95 (25.65) (less enrollment )

 

Mr. Brown and Dr. Carranza provided an update on the renewal process for TEACH Academy of Technologies.  TEACH is working with LAUSD Charter Schools Division (CSD) to finalize the renewal petition and address any concerns the CSD has about the school.  TEACH is still confident they can get CSD to recommend the school for a 5 year renewal term with possible benchmarks.  The LAUSD board will vote on the renewal petition at the September 24th board meeting.  

L. Castillo moved to approve the engagement letters for the bond finance team (Urban Futures, Kutak Rock, Stradling Yocca, Stifel, Young Minney & Coor). A.Dragon seconded.  Approved 5-0.

Mr. Brown presented on the LAUSD annual oversight process and share the oversight guides with the board. Mr. Brown will provide updates and required documentation to the board as TEACH works to complete the Compliance Monitoring and Certification of Board Compliance Review due in January.  

TEACH Prep 8505 S Western Ave: Had meeting with Red Hook to make sure they take care of the punch list. Teachers and staff are slowly settling in. We have a lot of classrooms filled with furniture that will be used on a later date. All new floors have been installed, there are still little projects to be done like hooks for the kids to hang up which have been ordered. Bay Alarm is still working on electrifying the doors so they can work on the key fob. Wisetel will be giving us a quote for the new camera systems. 

TEACH Academy 10000 S Western Ave: All repairs have been completed (new vct, bathroom sinks and faucets, emergency repairs) there are some small projects that need to be done.

TEACH Tech 10616 S Western Ave: All repairs have been completed, (lights replace, bathrooms and toilets sinks urinals have been repaired) Wisetel will be out to fix our camera system and update our DVR. The small door to get into the office has been electrified and works on key fobs and buzzers to get in.

TEACH Academy 10045 S Western Ave: Bay Alarm is installing the new fire alarm system and will be done next week. All repairs have been completed, (new vct floor, repairs to doors, safety gates have been installed on all ramps.) 

Dr. Carranza provide the TEACH Academy site report.  Current enrollment is above budget at 474 (440 budgeted).  TEACH Academy has a hard enrollment cap of 480.  Suzette Torres has been hired as the new TEACH Academy Assistant Principal.  TEACH is hoping to transition Ms. Torres into the Principalship before the end of the school year, allowing Dr. Carranza to return to the TEACH District Office.  NWEA testing will been in September and data should be ready to share with the board in September/October.

Mr. Brown & Mr. Williams provide an update on TEACH Tech.  Current enrollment is 417, which is below budget (425) and TEACH Tech is continuing to enroll students to make up the gap.  NWEA testing will start in September with data available for the September/October board meeting.

Mr. Brown provide an update for TEACH Prep.  Enrollment is at 144, which is below budget (175) and the school is still enrolling.  
Testing will start in September with data to report to the board in September/October.

Mr. Brown reminded board members to complete their board assessment and goals in Board on Track.

Next TEACH Public Schools Regular Board Meeting is schedule for September 25, 2019.

Next TEACH Public Schools Regular Board Meeting is schedule for September 25, 2019.

Pastor Lobdell asked about fundraising and board member donations, as he wished to make a donation to TEACH.  Mr. Brown informed the board that TEACH Inc. Foundation had its first meeting and was creating a fundraising plan.  The TEACH Foundation was still waiting on its 501c3 letter from the state, which usually takes a few months.  The mission of TEACH Foundation is fundraising in support of TEACH Public Schools.  Mr. Brown and the TEACH Foundation board will provide update on its work to the TEACH Inc. board.