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Theresa informed the board members of TEACH Prep, Academy, and Tech March Highlights. She informed them that the SBA Payroll Protection Plan Loan funds received in May in the amount of $1.003M. Teach has been notified that the full amount has been forgiven/loan was recognized as revenue in applicable apportionments across all locations during January 2021.The New Estimated Federal Funding Rescue Plan (Elementary and Secondary School Emergency Relief Fund- (ESSER III) TAT $1,375,403, TTHS $ 1,112,411, TES- $0 Funds are not forecasted at this time-more information will be provided at later date. The new Cares Act Funding (Coronavirus Response and Relief Supplemental Appropriations Act 2021). The Elementary and Secondary School Relief (ESSER II Fund) preliminary eligibility amount for TAT- $618,061-, TTHS $499,881, TES- $170,505 Please note- funds have not been forecasted at this time. The preliminary Eligible In-Person Instruction Grant TAT $153,091, TTHS,169,498 TES $67,866 and Expanded Learning Opportunity Grant TAT, $322,458 TTHS $358,017, TES $ 142,948- See Eligible Use Slide. TEACH Academy , TEACH Tech, TEACH Prep & TPS with projected surplus, positive cash flow, and positive fund balances projected at year-end.TEACH Academy, TEACH Tech, TEACH Prep & TPS projected to exceed Debt Service Reserve Requirements of 1.20 and 45-Day Cash on Hand Requirement. Per the Governor’s June Approved Budget-the 10% initial cut was reversed. FY20/21 Funding levels are now based on FY19/20 funding rates. The FY20/21 Forecasts have been updated to reflect REVISED Spring 2021 Funding Deferrals. Total funds deferred to FY21/22- TAT:$778K~~TTHS $1.09M TES $506K- See Updated Deferral Schedule Per CDE vs. prior anticipated amounts TAT: $1.052M ~~TTHS $1.439M TES $726K. 
TEACH applied and received Learning Loss Mitigation Funds- approximate funding allocations are: TAT: $492,982~~ TTHS: $518,033~~ TES: $150,943. Funds have been added to FY20/21 forecasts- Any additional projected expenses will be added to the FY20/21 forecast. See “Use of Funds” slide- YTD Spending: $ TAT-$ 477,427 //TTHS $ 518,033// TES $148,528. The Elementary and Secondary School Emergency Relief Fund ( ESSER I)- funds awarded @ 80% of projected FY19 Title I allocation or Academy $135,690*** TECH $110,219,- Funding to be used to support coronavirus response activities as well as efforts to continue to provide education services and operations- The Senate Bill (SB) 820 Funding Levels for Growing LEAs- ADA funding cap based on lesser of FY20/21 Reported Budgeted ADA or CALPADS enrollment as of Information Day 10/7/2020. There is a possibility of increased funding per ADA for SPED as the Approved State Budget increased the base rate from $577/ ADA to $625 /ADA. ( Current FY20/21 approved Budgets were $500 per ADA with 1% Administration Fee). Lottery funds per ADA decreased compared to Budget -Forecasted to be $199 per ADA- Budgeted at $207 per ADA-small change in revenue. 

Dr. Carranza informed the board members that reopening has been a  slow process, obviously, a lot of our parents are still concerned about safety precautions. There was some hesitation from our families which caused the numbers to come out a little smaller than we had anticipated based on the survey results.  He also informed them that there were some questions at the high school, as far as senior activities. Mr. Williams also informed the board members that there was a little confusion regarding what was actually allowed and what could not be done. He informed the parents that since we're still in the orange tier it's best to continue to prohibit large gatherings. Dr. Carranza updated the board members that we are being very mindful of the students that are on campus. He checks in daily to ensure temperatures are being and logged along with social distancing. J.Lobdell asked if there will be a graduation ceremony? Dr. Carranza informed him that will be based on if the result decrease. 

Matt informed and updated the board members on TEACH Tech oversight report from LAUSD. He informed them that we received our highest score cumulative ever for TEACH, which is great! So we got a 4 in governance, academics we got a 2, operations we got a 4, and fiscal we got a 3. Matt informed them that we plan to add to our fiscal policy to address any concerns that LAUSD had. 

Matt updated the board members that the Las Vegas board approved the CMO agreement which was approved by the TEACH Inc. board at the prior meeting.  The agreement is for six years and will generate about $3 million over six years for TEACH Inc.

James Lobdell suggested only approve Spencer Burrows since Luz Castillo hasn't been present for this year's meetings. 

Matt informed the board members that we will be bringing a potential new board member to replace Luz Castillo. 

Ms. Torres updated the board members of enrollment, attendance, enrollment, and turnover, ELD, 504, IEP's, homeless and TDAP reports, staff members, and professional development. 

Dr. Woodley updated the board members of enrollment, LAUSD report, April fail data, reopening, college acceptance letters, and summer expanding learning program. 

Mrs. Rhee updated the board members on attendance, enrollment, LAUSD visit, returning staff, and reopening.