Rochester Academy Charter School
Board Meeting
Date and Time
Friday December 16, 2016 at 6:00 PM EST
Location
Latta Rd
Agenda
| I. | Opening Items | |
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Opening Items
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| A. | Record Attendance and Guests | |
| B. | Call the Meeting to Order | |
| C. | Approve Minutes | |
| Approve minutes for Board Meeting on November 18, 2016 | ||
| D. | RACS Introduction | |
| II. | Finance, Facilities & Audit | |
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Finance, Facilities & Audit
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| A. | Mortgage presentation by ESL bank rep | |
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Representative Mark Scott from ESL Bank will do the presentation. |
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| B. | Mortgage Presentation by Pathfinder Bank Rep | |
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Representative Calvin Corridors from Pathfinder Bank will attend a conference call at the meeting.
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| C. | MORTGAGE PRESENTATION ABOUT FIVE STAR BANK | |
| D. | School Purchasing and Mortgage Process / Comparison of 3 Term sheets | |
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Term sheets from 3 Banks will compared and next step will be discussed from BoT.
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| E. | Financials | |
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Detail Expense Ratio will be presented as board requested. |
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| F. | Citizens Escrow overage transfer to Citizens Main Account | |
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Recommendation for better cash flow management
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| G. | WATER QUALITY TESTING | |
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We took quotes from Private Consultants for water lead testing. Options will be presented to start Lead testing. |
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| H. | Holiday Gift Cards for Staff | |
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Finance Committee recommends to give -Annual- $200 Holiday Gift Cards to its staff. |
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| I. | LINE OF CREDIT APPROVAL | |
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Board asked to seek Line of Credit in case of Loan Application in October 2016 Meeting, based on Finance Committee presentation. It was for better cash flow and RACS policy also requires an official board vote for Line of Credit application. |
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| J. | CONSTRUCTION PAYMENT STATUS | |
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The board will be updated for Construction Overage Payment of RACS' portion.
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| K. | BUDGET REVISION | |
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Budget Revision from Finance Committee will be presented due to adjustment of the some Budget Lines.
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| III. | Academic Excellence | |
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Academic Excellence
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| A. | Teacher Observation Policy | |
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A team of teachers and administrators has prepared a written policy for the current teacher observation and evaluation process. |
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| B. | Director's Report | |
| IV. | Community Outreach/Development | |
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Community Outreach/Development
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| A. | Community Outreach Plan | |
| V. | Governance | |
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Governance
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| A. | New Board Member Recruitment Process | |
| VI. | Board Goals and Accountability | |
| VII. | Other Business | |
| A. | New Hires/Resignations | |
| VIII. | Closing Items | |
| A. | Adjourn Meeting | |