Yu Ming Charter School

Minutes

Board of Directors Special Meeting

Date and Time

Tuesday March 14, 2023 at 4:00 PM

Location

  • In person: 675 41st Street, Oakland, CA 94609
  • Teleconference Location 1: 2688 Becard Ct, Pleasanton, CA 94566
  • Teleconference Location 2: 10320 Pearmain St, Oakland, CA 94603
  • Teleconference Location 3: 4014 Midvale Ave, Oakland, CA 94602
  • Zoom Meeting

The Board of Directors (“Board”) and employees of the Yu Ming Charter School shall meet in person and via the Zoom meeting platform. Members of the public who wish to access this Board meeting remotely may do so at:

https://yumingschool.zoom.us/j/82308795670?pwd=eTV6Z2NhOWpiWmM0UXdxOWlEVklCUT09

Meeting ID: 823-0879-5670

Password: 530291

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Directors Present

B. Thompson, C. Hatton (remote), G. Borden, J. Henry, J. Norman (remote), J. Schorr (remote), K. Brown (remote), M. McDaniel (remote), R. Lee, Y. Yeh (remote)

Directors Absent

A. Mumby

Directors who arrived after the meeting opened

J. Henry, J. Schorr

Guests Present

E. Wood (remote), F. Sassin (remote), M. Andrejko, S. Park (remote)

I. Opening Items

A.

Call the Meeting to Order

R. Lee called a meeting of the board of directors of Yu Ming Charter School to order on Tuesday Mar 14, 2023 at 4:04 PM.

B.

Record Attendance and Guests

M. McDaniel is participating remotely but since we couldn't post his location on the agenda, he won't be voting nor counting toward quorum.

C.

Approve Agenda

G. Borden made a motion to approve the agenda.
Y. Yeh seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call
J. Schorr
Absent
A. Mumby
Absent
B. Thompson
Aye
Y. Yeh
Absent
K. Brown
Absent
J. Henry
Aye
C. Hatton
Aye
J. Norman
Absent
R. Lee
Aye
G. Borden
Aye
M. McDaniel
Absent

II. Invitation to the Public to Address the Board

A.

Public Comment on Non-Agenda Items

J. Schorr arrived at 4:07 PM.

Since joining remotely (thanks to a conflict that got canceled) without his teleconferencing info available on the agenda, J. Schorr is participating but his vote isn't counted.

There were no public comments.

III. Consent Agenda

A.

March 9 Board Meeting Minutes

B. Thompson made a motion to approve the minutes from Board of Directors Regular Meeting on 03-09-23.
G. Borden seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call
J. Schorr
Absent
B. Thompson
Aye
A. Mumby
Absent
C. Hatton
Aye
J. Henry
Absent
K. Brown
Aye
M. McDaniel
Absent
G. Borden
Aye
J. Norman
Aye
Y. Yeh
Aye
R. Lee
Aye

IV. Finance Committee

A.

Opening of Bank Account at Chase

S. Park presented the proposal. 

 

Our fiscal policies require Board approval before opening any bank account. First Republic, our current bank, has been in the headlines in relation to the collapse of the Silicon Valley bank. To ensure maximum stability of our financial assets, S. Park is proposing opening a bank account at Chase, which offers the maximum level of protection in such scenarios.

 

ExED provided a roadmap for this transition in order to ensure it is a smooth transition allowing us to meet payroll and any other pending expenses.

 

The group discussed.

J. Henry arrived at 4:27 PM.
B. Thompson made a motion to approve the opening of a bank account at Chase with as signatories S. Park and Y. Yeh.
C. Hatton seconded the motion.
The board VOTED unanimously to approve the motion.
Roll Call
R. Lee
Aye
C. Hatton
Aye
M. McDaniel
Absent
K. Brown
Aye
J. Norman
Aye
A. Mumby
Absent
Y. Yeh
Aye
J. Schorr
Absent
B. Thompson
Aye
G. Borden
Aye
J. Henry
Aye

V. Closing Items

A.

Review of Action Items and Future Agenda Items

There will be another special meeting in the next two weeks, in addition to CEO candidate meetings.

B.

Adjourn Meeting

There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 4:36 PM.

Respectfully Submitted,
R. Lee