December, 2009; Board of Trustees Meeting Minutes

Regular Session of the Board of Trustees
Monday, December 21, 2009

Call to Order

The Board Meeting was called to order at 6:05. We went immediately into Executive Session. The Regular Session was resumed at 6:50

Members present: Heidi Schmidt, Carole Ridley, Bill Bogdanovich, Robert Dwyer, Marion Hobbs, Scott Barron, Kathy McNamara, Stefanie Fournier, Kathie Grenon, Diane Titcomb. Allison Grahm, and Josh Stewart. Also present: Karen Scichilone and Paul Niles. Members absent: Chris Wells, Lori LaBarge and Bernie Lynch.

The minutes of the Nov. meeting will be approved at the January meeting.

Director's Report
---The Department of Elementary and Secondary Education will send our Charter Renewal Report to the State Board of Education in Feb. We will know the end of February if our new Charter is approved.

--Kathy, Heidi, Bill, and Chris attended a meeting with people from the Dept. of Agriculture. We may be interested in obtaining the loan for our new school through a program which offers one hundred percent financing, for forty years, at four and one quarter percent.

Finance Report
--Teacher and staff salaries were reinstated for the period September -December 31, 2009. Stefanie reminded the Board the salaries will be reinstated each quarter as long as the quarterly payments from the state have no reductions.

--The last tuition payment from the state had no reductions.

--We have about 13 weeks in cash reserves.

--The position of School Psychologist will be reinstated to full time.

The Audit Report
--Karen stated the audit is finished. She asked the Finance Committee to review and approve it by December 31, 2009.

Capital Campaign Committee
--Carol has drafted an RFP to seek a firm/an individual to conduct a feasibility study for a capital campaign.

--The list of goals for the Committee were submitted to Heidi.

Nominating Committee
--Bob has asked the Board to recommend people who would be well suited to sit on the Board. People with a background in fundraising may be especially helpful.

--Bob has turned in the goals of his committee for 2010 to Heidi.

Heidi has asked Norm Michaud to be the Chair of the Academic Affairs Committee.

Faculty Committee
--The school has been given a grant from the Cape Cod Five Bank.

--The Virginia Wellington Cabot Foundation-funded "Art Spark" program has 31 students participating after school each Wed. and Thurs.

--The 6th Grade students held their annual Flea Market on Dec. 23rd. This was a huge success.

Adjourn
Heidi moved to adjourn the Regular Session at 7:12. All were in favor.

Respectfully Submitted
Diane Wilson Titcomb