CALIBER SCHOOLS BOARD OF DIRECTORS ANNUAL MEETING …€¦ · A1.1 Academic Excellence Vision...

SECTION 1 : AGENDA CALIBER SCHOOLS BOARD OF DIRECTORS ANNUAL MEETING

Tuesday, April 16, 2019 from 1:00 PM to 3:00 PM

1:00 PM Call to Order J Lopez ● Roll call, establish quorum and meeting norms● Review and approve the agenda for the meeting

A. Discussion & Action ItemsA1. Academic Affairs Update R Zappa

A2. Finance and Facility Update M Mullarkey o Action Item: Resolutions related to 500 Oregon 2nd Floor Remodelo Action Item: Approval of Development & Loan Agreement with CEBREo Action Item: Approval of borrowing from First Republic Bank

A3. CEO Search Update J Lopez

A4. Political Environment Update J. Moses

B. Review/Approval of Consent Items J Lopez B1. 2/25/19 Board Minutes

C. Public Comment Open

D. Closed Session J Lopez ● Disclosure of items to be discussed & call for comments● Public comments● Recess to closed session● Report/ratification of closed session

3:00 PM Adjourn J Lopez

MEETING DETAILS:

Day and Time: Tuesday, April 16, 2019 at 1:00 PM to 3:00 PM (Pacific) Location: Caliber: ChangeMakers Academy

500 Oregon Street (2nd floor community lounge) Vallejo, CA 94590

Dial In: Toll–Free Conference line 866-730-7514(Participant Pin 280163#)

To Access Slides Remotely: https://hangouts.google.com/hangouts/_/caliberschools.org/caliberboardmeeting

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https://hangouts.google.com/hangouts/_/caliberschools.org/caliberboardmeeting

PRE-READING PACKET TABLE OF CONTENTS Caliber Schools Board of Directors Meeting

April 16, 2019

SECTION 1 : MEETING DETAILS & AGENDA

SECTION 2 : ADVANCE DISCUSSION MATERIALS These materials are related to specific discussion and decision items at the upcoming meeting.

Item Document Description Page A1.1 Academic Excellence

Vision Presentation discussing Instructional Excellence and the Leadership Excellence Rubric

A1.2 LCAP Update Presentation

LCAP presentation from Rui & Markus

A2.1 Finance & Facility Update

Staff presentation on 2018-19 finances, 2019-20 budget planning, and on-going and proposed facility projects.

A2.2 First Republic Bank Proposal

Proposal from First Republic Bank for new Line of Credit

A2.3 500 Oregon 2nd Floor Remodel Vendor Evaluation

Evaluation of contractor proposals for 500 Oregon Street 2nd floor remodel project

A2.4 CEBRE Development & Loan Agreement

Proposed agreement between Caliber and CEBRE with respect to the funding and management of the 500 Oregon Street 2nd floor remodel project.

A2.5 500 Oregon Street Reimbursement Resolution

Resolution regarding the eventual refinancing of the 500 Oregon Street 2nd floor remodel project with tax exempt bond financing

A3 CEO Search Update Presentation outlining the progress of the Caliber Schools CEO Search

SECTION 3 : CONSENT CALENDAR ITEMS FOR APPROVAL These materials are proposed by staff for Board approval as a package. They will not be discussed and voted on individually unless the Board elects to take them up individually.

Item Document Description Page B1 2/25/19 Minutes Draft minutes from the February 25, 2019 Caliber Schools Board

Meeting

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SECTION 2 : ADVANCE DISCUSSION MATERIALS

A1.1 - Academic Excellence Vision

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Academic Focus

Vision for Instructional

Excellence and

The Leadership Excellence Rubric

Ric Zappa5

Framework for Equitable Instructional Excellence

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Revised Scope & SequenceDate of SLCP Objectives for meeting Pre-work for meeting

March 21 Synthesize review of internal LERs and perspectives

about what to use

Create Draft 1 of components to review (including

high level bullets if possible)

Send Rui internal LERs (Ric, by March 1)

Rui to synthesize Feb 28 meetings and email out

(by March 4)

Review internal LER, send Rui answer prompts,

and send Rui LTeam feedback on preliminary list

(March 14)

April 25 Draft 2 of components

Maybe draft 1 of roadmap

Gather LTeam feedback on Draft 1 (April 11)

Pulse check: when should we develop a roadmap

May 30 Key components “finalized” (to the extent that a living

document is finalized)

Draft roadmap for 19-20

Indicators: agree on broad categories (with some

wordsmithing left)

Impact on CP content

Gather LTeam feedback on Draft 2

Proposal for impact on CPs (including LTeam

perspective)

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A1.2 - LCAP Update Presentation

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Click to edit Master title style

School Strategic Plan

State “LCFF” Funding

Federal “Title” Funding

After School Funding

Meal Program Funding

SPEDFunding

LCAP LEA PlanSPSA

ASES QIP Plan

CNIPSApplication

SELPAERMHS Plan

One school, many plans

Decider

Input opportunities

Board Board + SSC

LCAP Town Halls (staff + families)

Board meetings

Surveys

SSC meetings (non-members can also attend)

Surveys

Direct feedback to school team and After-school program lead

School Leader School Leader

Surveys

Direct feedback to school operations team

School Leader

Surveys

Direct feedback to school SPED team

IEP meetings

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Process

Implications on our current plans for 19-20:

- Board will onlyneed to approveone LCAP plan, notseparate LCAP +LEA + SPSA

- SSC will begin toplay a more activerole in LCAP

- Continued effort tobe more datadriven in evaluatingwhich programs wefund

Changes we have made in 18-19 that weresuccessful:

- SSO has had moreactive role inplanning SSC andELAC to ensure alltopics covered

- SSC defined metricsfor success toenable data-drivendecisions around19-20 budget

- Planningengagement movingearlier in the schoolyear

Changes that the state has announced in 18-19 (to affect 19-20):

- LCAP templatecontinues to evolve

- New budget overviewdocument will providemore transparency

- Federal planningdocuments (LEA andSPSA) are beingmerged into LCAPplanning process - nolonger a need forseparate SPSA

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LCFF Supplemental & Concentration funding estimateat the Second Interim budget update

was ~$20,000 lower than the original forecast

2018-19 LCAP Budget - CBA

749.08 Projected ADA

Similar rate of FRPM and EL students as in 2017-18

$1,581,037 LCFF Supplemental & Concentration Funding

83% Unduplicated(vs 74% for WCCUSD)

$7,473,660 Total LCFF Funding

How we planned to spend LCFF Supplemental & Concentration funding in 2018-19:

● Instructional Coaching● Additional Teaching Staff● SEL Program Staff● Computer Sciences Program● Instructional Materials● Other Professional Development● Classroom Technology● Behavior Intervention Support● Art/Music Program

$416,250$333,125$298,888$216,250

$83,514$71,000$67,500$62,500$32,010

Note: Please see the Caliber: Beta Academy LCAP for the specific goals that each of these planned services are principally directed towards and effective in meeting. 11

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Click to edit Master title style2018-19 Beta Academy LCFF Goals/Spending (#1 - 4)

Goal 2: foster and maintain a welcoming, safe and joyful space

Goal 3: ensure that all students are on grade level

Goal 4: Partner with Families

Metrics

● 70% teacher retention

● 100% certified or in processof receiving certification

● Majority find PD useful

● Biweekly observation &feedback

● Facilities in good repair

● Facility is ADA compliant

● Stakeholder surveys showsatisfaction w/ campus

● At least 5% of students whobarely met standard or didnot meet standard will meetor exceed standards

● Common core alignedcurriculum

● 100% of math teachersreceive math-specific PD

● PLPs sent home 3x/year

● 50% of parents willcomplete the family survey

● 80% of parents indicatesatisfaction with the school

Too early to tellMet / On track to meet

At risk of not meeting

Goal 1: Support teachers and staff in becoming effective educational leaders

Planned supplemental & concentration expenditures

$416,250 on Instructional Coaching (APs and ICs)

$71,000 on Professional Development

Actual expenditures 19-20 Planning

Mostly under general fund (not supplemental & concentration)

$67,500 in Classroom Technology

Instructional Coaching (see goal 1 above)

$83,514 of instructional materials

$333,125 on additional teachers in grades 4-7

Funded under general fund (not supplemental & concentration)

Little to no change likely




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● 10% of ELs reclassified

● 100% of reclassified students receive trimester review

● 95% attendance

● <2.5% suspension

● <1% expulsion

● <1% middle school drop-out

● 1% improvement in chronic absenteeism (<10.2%)

● 180 minutes per week of coding, science, social studies

● Maintain >95% students completing a coding project

● Maintain >95% of students completing 3+ writing tasks

● >90% of students completing “worthy tasks” in Math

● 80% of IEP goals will be met or nearly met

● 80% of parents satisfied

2018-19 Beta Academy LCFF Goals/Spending (#5 - 8)

Goal 6: develop a positive student and school culture

Goal 7: develop critical thinking skills

Goal 8: SPED student growth

Goal metrics

Goal 5: Meet the English Language development needs of EL students

19-20 Planning

$298,888 on SEL Program staff

$62,500 on Behavior Intervention support

$216,250 on Computer Science program

$32,010 on Art/Music program

Funded through SPED & General Fund

Professional Development (see goal 1)

Mostly funded through Title III

Awaiting advice from ELAC

Awaiting advice from SSC

Little to no change likely -- school leadership will evaluate metrics but action / budget unlikely to change

SPED team currently re-evaluating goals as part of program review




Actual expenditures

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2018-19 LCAP Budget - CMA

645.29 Projected ADA

Similar rate of FRPM and EL students as in 2017-18

$1,109,175 LCFF Supplemental & Concentration Funding

74% Unduplicated

$6,212,000 Total LCFF Funding

How we planned to spend LCFF Supplemental & Concentration funding in 2018-19:

● Coding Program● Social-Emotional Learning Program● Instructional Coaching● Additional Teacher● Teacher Aides● Other Professional Development

$222,875$360,225$287,500$105,825

$93,750$39,000

Note: Please see the Caliber: ChangeMakers Academy LCAP for the specific goals that each of these planned services are principally directed towards and effective in meeting.

LCFF Supplemental & Concentration funding estimateat the Second Interim budget update

was ~$30,000 higher than the original forecast

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Click to edit Master title style2018-19 ChangeMakers LCFF Goals/Spending (#1 - 4)

Goal 2: foster and maintain a welcoming, safe and joyful space

Goal 3: ensure that all students are on grade level

Goal 4: Partner with Families

Metrics

● 75% teacher retention

● 100% certified or in process of receiving certification

● Majority find PD useful

● Biweekly observation & feedback

● Facilities in good repair

● Facility is ADA compliant

● Stakeholder surveys show satisfaction w/ campus

● At least 5% of students who barely met standard or did not meet standard will meet or exceed standards

● Common core aligned curriculum

● 100% of math teachers receive math-specific PD

● PLPs sent home 3x/year

● 50% of parents will complete the family survey

● 80% of parents indicate satisfaction with the school

Goal 1: Support teachers and staff in becoming effective educational leaders

$287,500 on instructional coaching

$39,000 on professional development

19-20 Planning


Professional Development (see Goal 1)

$105,835 on additional teachers

$93,750 on Teacher’s Aides






Actual expenditures




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● 10% of ELs reclassified

● 100% of reclassified students receive trimester review

● 95% attendance

● <2.5% suspension

● <1% expulsion

● <1% middle school drop-out

● 1% improvement in chronic absenteeism (<10.2%)

● 180 minutes per week of coding, science, social studies

● Maintain >95% students completing a coding project

● Maintain >95% of students completing 3+ writing tasks

● 80% of IEP goals will be met or nearly met

● 80% of parents satisfied

2018-19 ChangeMakers LCFF Goals/Spending (#5 - 8)

Goal 6: develop a positive student and school culture

Goal 7: develop critical thinking skills

Goal 8: SPED student growth

Goal metrics

Goal 5: Meet the English Language development needs of EL students

19-20 Planning

Professional Development (see goal 1)

Mostly funded through Title III

$360,225 on Socio-Emotional Learning Program

$222,875 on Coding Program

Funded through SPED & General Fund




Actual expenditures

Awaiting advice from ELAC

Awaiting advice from SSC

Little to no change likely -- school leadership will evaluate metrics but action / budget unlikely to change

SPED team currently re-evaluating goals as part of program review 16


A2.1 - Finance & Facility Update

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Finance & Facility UpdatesApril 16, 2019

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2018-19Finance Update

● Key Operating Metrics

○ Detailed Variances in Appendix

● Banking Relationship with First Republic Bank

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Key Operating Metrics

Beta Academy

83% 83%

Unduplicated Student %Budget

Actual76% 69%

ChangeMakers

Academy

Unduplicated Student %Budget

Actual

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Follow-up Items From February Board Meeting

Enrollment◆ The root cause of our 2018-19 shortfall was the intentional decision not to enroll as many

students as were originally budgeted◆ Based on anticipated funding and attendance rates, the school teams felt that they could

safely afford to enroll fewer students◆ While we did have some students decide not to enroll after initially indicating an intent to

return, the data does not indicate an large drop off

◆ We have initiated a discussion with VCUSD about the mechanism by which we would update our lottery preferences to ensure our FRL rates mirror the District as a whole

◆ Our primary day-to-day contact at the District is supportive of the effort◆ In the meantime, we have analyzed the FRL% for the students who intend to return to the

school next year, and we anticipate that our overall FRL% will be within our hoped for range

FRL% in Vallejo

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Projected Ending Fund Balances: Budget Current

Beta

ChangeMakers

SSO

$1.4m $2.2m

$0.3m $0.9m

$2.7m $2.8m

Re

ve

nu

es

Exp

en

se

s

● No major changes versus what was reported in February

● Both schools continue to show favorable revenue variances

● +95% of projected philanthropic funding has been committed already

● Beta Academy expenses below forecast. Exploring opportunities to use the surplus

● ChangeMakers now showing a minor favorable expense variance

● SSO has narrowed it expense variance to roughly2 %

● Anticipated ending fund balances similar to or above what was reported in February

● See appendix for details on revenue and expense changes

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Financial Outlook

By Division

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Banking & Line of Credit UpdateBackground

● Caliber Schools currently has two lines of credit with Heritage Bank that provide working capital for the following:

○ Up to $1.2 million is available in the event of state funding delays that create a short term need for capital

○ Up to $0.6 million is available to support the start-up costs of opening a new school

● As a condition of the lines of credit, Caliber maintains its primary commercial banking accounts with Heritage as well

● We have not yet had a need arise that has led us to draw upon either line

○ If drawn upon, the lines would carry an interest rate of Prime + 0.5%

○ The lines carry a combined annual fee of $2,500

● Both lines of credit are up for renewal this summer

Staff Recommendation

● Staff has received a favorable proposal from First Republic Bank to fill this role

○ They are willing to increase the line of credit to $2.75 million in total

○ If drawn upon, the rate would only Prime + 0.0%

○ The initial fee would $5,000, and would drop to $1,000 per year thereafter

● First Republic would require that we migrate our primary commercial banking accounts to them as part of the transition

● We are comfortable with the change since First Republic offers better cash management and administrative services

The Board is asked to authorize a line of credit with First Republic Bank to replace our current one with Heritage Bank24

Budget Planning Updates

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Annual Budget Cycle

JuneBoard approved

the budget for

FY 2018-19

November2018-19 “First

Interim” updates

approved by Board &

sent to Authorizers

February2018-19 “Second

Interim” updates to

Board and Authorizers

September“Unaudited Actuals”

report for 2018-19

to Board and

Authorizers

December2018-19 Audited

Financial Statements

Published

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

March-MaySchool & SSO teams

collaborate to develop

a budget proposal for

FY 2019-20

JuneBoard approval

of budget for

FY 2019-20

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Budget Planning InputsRevenue forecast

Based on guidance

from CDE, SELPA,

and other experts

Review a range of

scenarios

Initial forecast is

deliberately

conservative

- ADA %

- Funding Rates

Strategic Priorities

Based on schools’

strategic planning

process

In consultation with

key stakeholder

groups (e.g., the

Board, SSC, ELAC,

staff, etc.)

Incorporates data

about what’s working

vs not

Other Expenses

Incorporates known

recurring costs (e.g.,

rent)

Other periodic

operating costs, with

adjustments for

inflation

Layer in new

expenditures based

on strategic priorities

Staffing Plans

Based on “intent to

return” process with

current staff

Factor in anticipated

changes based on

changes in enrollment

Layer in planned

changes based on

strategic priorities

Surplus / Deficit Target

Based on school’s

stage of development

At full enrollment, plan

for a minor surplus

Prior to full enrollment,

make adjustments to

account for being

sub-scale and to

factor in expected

philanthropic support

In practice, there is substantial iteration as information about each input is refined27

Key Revenue Drivers◆ Beta Academy expects to reach full enrollment and add TK, a combined enrollment increase

of roughly 10% (884 vs 802 this year)◆ ChangeMakers expects to add roughly 50 more students as it’s partially filled 8th grade cohort

graduates, and other grades matriculate to back-fill it

◆ The budget planning assumes a 92% net ADA rate (counting student departures & absences)◆ This is lower than the schools’ historical averages of roughly 94%

◆ The current budget planning assumes similar FRL & EL rates as we currently have

◆ Current budget discussions are based on LCFF assumptions published by FCMAT, which include the 3.46% COLA that was proposed by the Governor

◆ Other sources of funding (for which we have less visibility) are forecasted at a status quo rate, despite indications that some (e.g., SpEd) will rise

◆ Beta Academy does not anticipate continued philanthropic support◆ ChangeMakers anticipates the receipt of a final tranche of NSVF funding ($100k)◆ Neither school budget incorporates local fundraising at this point◆ The SSO budget is based on a similar level of fundraising as the current year’s budget ($900k)

Enrollment

Attendance %

Donations

State Funding Rates

Demographics

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Preliminary Revenue ForecastKey Beta Metrics:

13% LCFF growth (+10%

enrollment, 3.46% COLA)

Lost $150k in “one-time”

funding

10% growth in federal,

SpEd, lottery, & meal

funding

After school funding flat

Key CMA Metrics:

10% LCFF growth (+7%

enrollment, 3.46% COLA)

Lost $90k in “one-time”

funding

Disproportionate growth in

SpEd funding due to high

severity cases

After school funding flat29

Surplus / Deficit Targets● Long term goals

○ Core school operations are sustained on public funding

○ Core SSO operations are sustained on 10% network fee

● Short term reality

○ Schools experience deficits until they are full. These are funded by grants/donations that secured when we open.

○ The SSO will experience a deficit until we reach 3,000-4,000 students. This is funded by ongoing fundraising efforts.

● Proposed goals for 2019-20:

Division Status 2018-19 Surplus / Deficit Proposed 2019-20 Target

Beta Academy Will be fully enrolled in 2019-20 $45k surplus (excl Prop 51) No deficit on public funds

ChangeMakers Will be ~100 students below full enrollment $180k deficit (excl NSVF) $250k deficit on public funds

SSO Will have roughly 1,600 students $950k deficit before donors $900k deficit before donors

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Current Staffing Level AspirationsBeta Academy ChangeMakers

2018-19 2019-20 2018-19 2019-20

Students 802 884 708 756

Administrators 8 9 7 7 ● Beta hoping to add more coaching

Teachers 45 49 35 39 ● To support student growth + fill open positions

Student Support 21 22 16 20 ● CMA hoping to add more student supports

Operations 11 11 10 10

Total 85 91 68 76

Student:Teacher 17.8 18.0 20.2 19.4

Student:Admin 100.3 98.2 101.1 108.0

Student:Staff 9.4 9.7 10.4 9.9

CBA Plan appears affordable :

Currently showing a $10k deficit

CMA plan is more of a stretch :

Currently showing a $450k deficit31

Budget Planning Next Steps

We will share a final budget proposal, alongside the schools’ LCAPs, in June

1Continue to monitor funding

expectations coming out of Sacto and

elsewhere

2 Revalidate the enrollment assumptions

now that our first lotteries are done

and families are accepting (or not) our

offers

3

4

Revisit ChangeMakers staffing plan

and other costs in light of the current

~$200k gap between its target deficit

and the current projection

Continue to gather stakeholder input

through the schools’ planning

processes

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● ChangeMakers 2nd Floor Improvements

● ChangeMakers Building Refinancing

● Beta Academy North Campus Update

Facility Updates

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ChangeMakers 2nd Floor Improvements

Existing room

Newroom

Newroom

Existing room

“Flex space”

Newroom

Background

● 2nd floor originally designed with large, open “flex-spaces” in each suite

● School team requested an adjustment to a more traditional classroom

layout, but it was cost prohibitive given building code at the time

● Revised building code makes sub-division more feasible now than before

Current Recommendation

● Staff is interested in pursuing a summertime project to sub-divide open spaces

● Also considering sound dampening flooring to reduce noise transfer to 1st floor

● Have engaged a local architect to develop plans; 90% complete at this point

● Have received bids from two general contractors; the Hilbers proposal was the strongest

● Staff recommends having CEBRE manage the project; would require a loan from

Caliber Schools to CEBRE which will be repaid when CEBRE buys the building

The Board is asked to approve a development and loan agreement with CEBRE with an amount

of up to $500,000; Upon approval, CEBRE will contract with Hilbers to carry out the project34

Contractor Scoring Matrix

Criterion Weighting Hilbers Contractor #2

Ability to meet school's schedule 30% 9 9

Anticipated project budget 30% 10 6

Fees / general conditions 15% 10 7

Access to capable & affordable subcontractors 15% 10 8

Exceptions to school's desired project approach 10% 9 10

Weighted Average Score 9.60 7.75

Note: Details of scoring criteria and contractor proposals included in the meeting packet

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500 Oregon Street 2nd Floor Improvements Estimate

1. General Requirements $91,231

2. Site Work $6,000

7. Thermal & Moisture Protection $8,515

8. Doors & Windows $29,098

9. Finishes $172,137

10. Specialties $24,750

15. Mechanical $82,300

16. Electrical $62,198

Total $476,229

Anticipated Construction Costs

● Compares favorably to other estimates

● Reviewed for reasonableness with PCSD

● Higher than the $250,000 that was left

over from the original building budget

● Our balance sheet is sufficient to fund

this outright or to finance it temporarily

until it can be refinanced with the

building as a whole

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Background

● ChangeMakers facility developed and owned by PCSD; CEBRE has the option to buy-out the project from PCSD at cost

○ The current buy-out price would be ~$13.5 million

○ PCSD rent payment will escalate to unaffordable levels in 4 years, so we plan to exercise our purchase option by then

● Our “cost of capital” is subsidized by project equity from PCSD

○ If we knew interest rates wouldn’t change, we would refinance in ~4 years

○ If rates rise by as little as 60-75 basis points, it’s better to refinance now and lock in a good rate

● Currently discussing financing options & rates with a variety of players and hope to make some decisions in Q2 / Q3 2019

Question for Discussion

● Should we engage a financing advisor to assist us in evaluation our options?

● Have been approached by a small number of boutique investment advisors

who specialize in charter finance

● Advisory fee would be 1-2% of the size of the refinancing, and earned on a

contingency basis (only earned if we go forward with an option they identified)

● We would be able to specifically exclude any fees on a refinancing we

pursue with one of the parties with whom we already have a relationship

ChangeMakers Refinancing Update

Particularly interesting option:- 501c3 lender- Leveraging state

conduit loanprogram

- Closing their firstloans now

- Interested infunding Caliber 37

● Completed our RFQ / RFP process and awarded the design-build project to the C/S Broward - Lionakis team

● Have had multiple planning meeting with our School Leadership team, who are excited for and actively engaged in the

planning process

● We have received a draft CEQA project description and have shared it with WCCUSD for their review

● We are hoping to complete schematic design by mid May in order to

bring our design to the WCCUSD Board at their meeting on June 12

○ We will meet first with the Facility Subcommittee in mid-March

○ We are reaching out to local community leaders in advance

● Still working towards occupancy in the summer/fall of 2021

We will continue to update you on our progress as the project continues

North Campus Project Update

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CurrentNorthCampusSite Plan

Looked at various options to relocate TK / K wing for better access to ball fields

School leaders felt this option best balances safety and usability 39

Appendix:Budget Updates & Variances

● Beta Academy Budget Update

● ChangeMakers Academy Budget Update

● School Support Organization Budget Update

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Beta Academy

Budget Outlook

● LCFF revenue forecast remains strong

● Prop 51 project will result in unbudgeted revenues as we capitalize preconstruction costs that are grant funded

● Overall staff costs remain in line with budget

● Operations staff cost increase driven by increased clerical support

● Tech and curriculum purchases have been lower than predicted

● Meal service team has worked aggressively to reduce food waste, resulting in cost savings

● Net result is a favorable operating margin

● Positive margin, combined with higher than expected beginning balance is leading to an expected $2.2 million ending balance

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Change-Makers

AcademyBudget

Outlook

● LCFF and one-time funding have had a beneficial impact

● Expecting higher than planned SB740 funding

● Overall staff costs remain close to budget

● Operations staff cost increase driven by increased clerical and maintenance support

● Most non-staff expenses are in line with budget

● High variance in network & oversight fees is driven by property tax expense that we decided to pay now rather than rolling into future rent costs

● Net result is a favorable operating margin

● Positive margin and higher than expected beginning balance is leading to an expected $0.9 million ending balance

42

School Support

Org.Budget

Outlook ● As previously noted, the majority of operational cost increases are driven by outside professional development contractors and the cost of our CEO search process

● Currently expecting a $2.8 million ending fund balance, consistent with what we originally budgeted

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A2.2 - First Republic Bank Proposal

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IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT, LOAN OR OTHER CREDIT TRANSACTION AT FIRST REPUBLIC BANK To help the United States Government fight terrorism and money laundering, Federal la\Y requires us to obtain, verify and record information that identifies each person and entity that opens an account. What this means for you: when you open an account. we will ask for your namc1 street address, date of birth, and an identification number such as a Social Security Number or tax identification number, that Federal law requires us to obtain. We may also request your driver's license or other identifying documents such as articles of incorporation, a business license, or estate documents. We will also request identifying documents and information for the principals and authorized signers involved in the business or entity.

ADVERSE ACTION NOTICE

Applicant's Copy The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion� national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract): because all or part of the applicanfs income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning First Republic Bank is the Bureau of Consumer Financial Protection, 1700 G St., NW, Washington, DC 20006.

If your application for business credit is denied, you have the right to a written statement of the specific reasons for denial. To obtain this statement, please write First Republic Bank, Attn: Business Banking Department, 111 Pine Street, 11th Floor, San Francisco. California 94111 or call 800-392-1400, within 60 days from the date you are notified of our decision. We will send you a written statement of reasons for the denial within 30 days of receiving your request for the statement.

APPRAISAL AVAILABILITY NOTICE You have the right to receive, upon written request, a copy of any appraisal report which is prepared in connection with your request for credit. The right to receive the appraisal report is conditioned upon your paying for all appraisal fees (and, for Non-Residential real property, all actual costs of duplicating the appraisal report). If you are entitled and wish to receive a copy of the appraisal report, please submit a ,vritten request to First Republic Bank, Attn: Business Banking Department, 11 t Pinc Street, 11th Floor. San Francisco, CA 94111 or call 800-392-1400. Your written request for a copy of the appraisal report must be received by First Republic Bank no later than 90 days after ( 1) First Republic Bank provides notice of the action taken on your application or a notice of incompleteness or (2) your application has been withdrawn.

HAZARD INSURANCE NOTICE In applying for a loan or credit accommodation that will be secured by real property, a<; a condition of the loan or credit accommodation, Lender may require you to maintain hazard insurance coverage for the real property. California law provides that Lender cannot require you, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the p,roperty (such as fire and other perils) in an amount exceeding the replacement value of the building or structures attached to the property.

5

49

SECTION 2 : ADVANCE DISCUSSION MATERIALS =

A2.3 - 500 Oregon 2nd Floor Remodel Vendor Evaluation

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500 Oregon Upstairs Renovation Evaluation Matrix Summary

School: ChangeMakers Academy Project: 500 Oregon 2nd Floor Remodel

Vendors / Scores (**)Evaluation Criteria: Weight (*) Hilbers Allied ServicesAbility to meet school's schedule 30% 9 9

Anticipated project budget 30% 10 6

Fees / general conditions 15% 10 7

Access to capable & affordable subcontractors 15% 10 8

Exceptions to school's desired project approach 10% 9 10

Overall Score (***) 100% 9.60 7.75Maximum Points: 9.60Vendor Selected: Hilbers

Evaluation Conducted By: Markus MullarkeyTitle: CFO, CEBREDate: April 4, 2019

Notes:* Percentage weights must add up to 100%.** Evaluated on a scale of 1 to 10: 1=worst, 10=best.*** Overall score is the sum of the individual selection criteria scores (1-10) multiplied by the corresponding weight. Ex. (Score 1 x Weight 1) + (Score 2 x Weight 2) + (Score 3 x Weight 3)

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500 Oregon Upstairs Renovation Evaluation Matrix Vendor Evaluation

Hilbers Allied ServicesCriteria Basis for Evaluation % Weight Notes Pts (*) Notes PtsAbility to meet school's schedule

Evaluation of construction schedule; evaluation of any pre-construction design work by subcontractors 30%

8 week anticipated construction timeline. No detailed schedule provided. HVAC design work is committed to be done in 1 week. No other pre-construction design work.

9

9 week anticipated construction timeline. Detailed schedule provided. No pre-construction design work planned (would be done by our architect's team)

9

Anticipated project budget Points for total $; points for reasonableness and thoroughness of assumptions 30%

Anticipated budget: $460k. Detailed budet provided based on bids in hand from 75% of subcontractors. Waiting on final drawings from architect for remainder.

10

Anticipated budget: $500-$700k. Does not yet have bids in hand. No detailed budget breakdown provided.

6

Fees / general conditions Based on total $ cost & thoroughness of assumptions 15%

General conditions: $16,805Overhead: 3%Profit: 4%

10

General conditions: $17,650Overhead: 6%Profit: 7%

7

Access to capable & affordable subcontractors

Are subcontractors named? Do we/they have experience with the named subcontractors?

15%

HVAC subcontractor (Dickson) identified (strong experience from prior project). Other potential subcontractors have been identified and engaged to evaluate budget. Open to substitutions based on open book bidding for key trades.

10

Multiple subcontractors identified for each trade. Caliber does not have expierience with the designated subs, but Allied does. 8

Exceptions to school's desired project approach

Full points if no exceptions to open-book approach

10%

Recommend using Dickson Mechanical as the deisgn-build mechanical/HVAC contractor. No other exceptions.

9

No exceptions to open book, multiple bid approach. 10

100% Overall Score (**): 9.60 Overall Score: 7.75* Evaluated on a scale of 1 to 10: 1=worst, 10=best.** Overall score is the sum of the individual selection criteria scores (1-10) multiplied by the corresponding weight Ex. (Score 1 x Weight 1) + (Score 2 x Weight 2) + (Score 3 x Weight 3) ...

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A2.4 CEBRE Development & Loan Agreement

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1152772.1

DEVELOPMENT, SUPPORT, AND LOAN AGREEMENT

This DEVELOPMENT, SUPPORT, AND LOAN AGREEMENT (“Agreement”) dated as of ______________, 2019, is entered into by and among Caliber Schools, a California nonprofit public benefit corporation (“Caliber”), Caliber East Bay Real Estate, a California nonprofit public benefit corporation (“CEBRE”), and Valle Vista Education, LLC, a California limited liability company (“VVE”). This Agreement is made with reference to the following facts:

A. Caliber is organized and operated exclusively for educational and charitable purposes.

B. CEBRE was formed and is operated exclusively to support Caliber. The primarymission of CEBRE is (i) to acquire, develop, construct and/or renovate charter school facilities and to lease or sublease such facilities to Caliber for charter school purposes on terms favorable to Caliber, all directly or through one or more wholly-owned limited liability companies, and (ii) to otherwise provide philanthropic and operational support to Caliber.

C. CEBRE has formed VVE to support Caliber by acquiring, developing and leasing toCaliber charter school facilities located at 500 Oregon Street and 211 Valle Vista, located in the City of Vallejo, County of Solano, State of California (the “Property”). CEBRE is the sole member and sole manager of VVE. VVE holds an option to purchase the Property.

D. CEBRE and VVE require administrative support and funding from Caliber in order tocarry out their intended activities.

E. Caliber is willing to provide such administrative support and funding on the terms setforth herein.

In consideration of the forgoing, the promises set forth herein, and for other good and valuable consideration, Caliber, CEBRE, and VVE (each, individually, a “Party,” and, collectively, the “Parties”) agree as follows:

1. CEBRE, directly or through VVE or through other wholly-owned limited liabilitycompanies, shall endeavor to acquire, develop, construct and/or renovate charter school facilities and to lease or sublease such facilities to Caliber on terms favorable to Caliber, all as reasonably may be requested by Caliber.

2. CEBRE, directly or through VVE or through other wholly-owned limited liabilitycompanies, shall endeavor to provide such other philanthropic and operational support to Caliber as reasonably may be requested by Caliber.

3. Caliber shall provide or cause third parties to provide to CEBRE and its subsidiaries(collectively, the “Supporting Affiliates”) such routine bookkeeping, accounting, payroll, human resources, financial reporting, auditing, tax return preparation, compliance, risk management, and other administrative services, including directors and officers liability insurance, as the Supporting Affiliates may reasonably require to carry out their business activities, all at no charge to the Supporting Affiliates.

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1152772.1

4. Caliber may make such grants, loans or advances to a Supporting Affiliate, or makesuch payments or deposits to third parties for property or services provided or to be provided to a Supporting Affiliate, as Caliber and a Supporting Affiliate may agree are necessary or appropriate to enable the Supporting Affiliate to carry out their business activities. All such loans, advances, payments and deposits shall be recorded on the books and records of Caliber and the Supporting Affiliate as liabilities of the Supporting Affiliate to Caliber. Unless otherwise agreed, no interest shall accrue or be payable with respect to such liabilities, and all such liabilities shall be due and payable in full on the earlier of (i) 60 days after demand by Caliber for payment thereon and (ii) 60 days after any termination of this Agreement.

5. This Agreement may be terminated by mutual consent of the Parties at any time orunilaterally by School or CEBRE on not less than 60 days’ written notice to the other Parties.

6. Nothing in this Agreement shall prohibit the Parties from entering into such otheragreements, including without limitation services agreements, loan agreements, development agreements, leases, or subleases, as the Parties may deem appropriate.

7. This Agreement shall be binding on the Parties and their respective successors andassigns, provided that no Party may assign its rights or obligations under this Agreement without the prior written consent of the other Parties.

8. Each Party shall execute and deliver such other documents or instruments as may benecessary or desirable to carry out the purposes of this Agreement.

9. This Agreement may be executed in any number of counterparts, each of which shallfor all purposes be deemed to be an original and all of which together shall constitute but one and the same instrument. This Agreement may be executed by the delivery of separately signed counterpart signature pages. A Party’s delivery by electronic transmission of the Party’s manually or electronically signed counterpart signature page to this Agreement shall be deemed as effective as the Party’s delivery of a manually signed counterpart signature page.

10. This Agreement shall be construed in accordance with and governed by theconstitution and the laws of the State of California (the “State”) applicable to contracts made and to be performed in the State.

(Signature page follows)

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1152772.1

IN WITNESS WHEREOF, the parties hereto have entered into this Development, Support, and Loan Agreement as of the day and year first above written.

CALIBER SCHOOLS, a California nonprofit public benefit corporation

By: ____________________________ _______________, President

CALIBER EAST BAY REAL ESTATE, a California nonprofit public benefit corporation

By: ____________________________ _______________, President

VALLE VISTA EDUCATION, LLC, a California limited liability company

By: Caliber East Bay Real Estate, a California nonprofit public benefit corporation, its sole member

By: ____________________________ _______________, President

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A2.5 - 500 Oregon Street Reimbursement Resolution

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1152903.1

CALIBER SCHOOLS

RESOLUTIONS OF THE BOARD OF DIRECTORS

(Tenant Improvements; Development Agreement; Reimbursement Resolutions; Declaration Of Official Intent)

WHEREAS, Caliber Schools, a California nonprofit public benefit corporation (“Caliber” or the “Corporation”), is organized and operated exclusively for public and charitable purposes;

WHEREAS, Caliber operates public charter schools, including the public charter school known as Caliber: Changemakers Academy (the “School”);

WHEREAS, Caliber operates the School on real property commonly known as 500 Oregon Street and 211 Valle Vista, located in the City of Vallejo, County of Solano, State of California (the “Property”) and currently owned by PCSD Oregon Street LLC, a California limited liability company (“PCSD”);

WHEREAS, Caliber leases the Property from PCSD pursuant to the terms of a Lease Agreement dated as of October 5, 2016, by and between PCSD and Caliber, as amended by a First Amendment to Lease dated as of October 9, 2017, and by a Second Amendment to Lease dated as of July 16, 2018;

WHEREAS, Caliber East Bay Real Estate, a California nonprofit public benefit corporation (“CEBRE”), is a nonprofit, tax-exempt organization that, as one of its primary purposes, supports the functions of Caliber;

WHEREAS, CEBRE formed and is the sole member and sole manager of Valle Vista Education, LLC, a California limited liability company (“VVE”);

WHEREAS, Caliber’s Chief Operating Officer, Markus Mullarkey, serves as a noncompensated officer of CEBRE, and such interest of Mr. Mullarkey in CEBRE and VVE is hereby noted in the official records of Caliber;

WHEREAS, VVE holds an option (the “Option”) to purchase the Property from PCSD pursuant to the terms of an Option Agreement dated as October 5, 2016, by and between VVE and PCSD;

WHEREAS, subject to VVE’s obtaining financing on terms satisfactory to VVE, VVE intends to exercise the Option and to lease the Property to Caliber for use and occupancy by the School pursuant to a lease requiring Caliber’s payment of rent sufficient to cover VVE’s debt service and operating costs;

WHEREAS, in anticipation of its exercise of the Option, VVE proposes to construct certain tenant improvements to the building located on the Property (the “Tenant Improvements”), including the addition of interior walls to sub-divide 5 open spaces on the

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2 1152903.1

second floor of the building in order to create 11 new classrooms and the installation of carpet throughout most of the second floor of the building;

WHEREAS, Caliber, CEBRE, and VVE propose to enter into a Development, Support, and Loan Agreement (“Development Agreement”) substantially in the form attached hereto as Exhibit A, pursuant to which Caliber would provide funding and other support to CEBRE and VVE;

WHEREAS, pursuant to the terms of the Development Agreement, Caliber proposes to make a loan to VVE (the “TI Loan”) in an amount not to exceed $750,000 for purposes of funding VVE’s costs of constructing the Tenants Improvements, with such TI Loan to be repaid upon VVE’s acquisition of the Property;

WHEREAS, the Corporation proposes that the Corporation, an affiliated corporation, or a limited liability company of which the Corporation or the affiliated corporation is the sole member will finance or refinance the cost of the acquisition, construction, expansion, remodeling, renovation, improvement, furnishing and/or equipping of the public charter school facilities described in Appendix A attached hereto (collectively, the “Project”) with the proceeds of loans (collectively, the “Loan”) to be made by the California School Finance Authority, or an alternate conduit issuer, from the proceeds of the issuance of tax-exempt and/or taxable bonds (the “Bonds”) in a maximum aggregate amount of $15,000,000 (the “Maximum Issue Amount”);

WHEREAS, the Corporation, an affiliated corporation, or a limited liability company of which the Corporation or the affiliated corporation is the sole member (for purposes of these Resolutions and the Treasury Regulations (as defined below), any such entity referenced herein, the “Borrower”) expects to pay certain expenditures (the “Reimbursement Expenditures”) in connection with the Project prior to the issuance of indebtedness on behalf of the Borrower for the purpose of financing costs associated with the Project on a long term basis;

WHEREAS, the Borrower expects that it will be necessary to employ attorneys and consultants and to incur costs and expenses in preparing the proceedings for the issuance of said indebtedness on behalf of the Borrower, and in connection with the acquisition and construction of the Project and the lease thereof to Caliber;

WHEREAS, the Borrower reasonably expects that debt obligations in an amount not expected to exceed the Maximum Issue Amount will be issued on behalf of the Borrower in order to finance or refinance the Project, and that certain of the proceeds of such debt obligations will be used to reimburse the Reimbursement Expenditures;

WHEREAS, Section 1.150-2 of the regulations promulgated by the United States Department of the Treasury (the “Treasury Regulations”) requires the Borrower to declare its reasonable official intent to reimburse prior expenditures for the Project with proceeds of a subsequent borrowing, if such proceeds are to be deemed spent upon the reimbursement allocation, for purposes of federal tax law;

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3 1152903.1

WHEREAS, the Board finds that the terms of the Development Agreement are fair and reasonable as to Caliber, CEBRE, and VVE, under the circumstances, in the best interests of Caliber, CEBRE, and VVE, and in furtherance of the charitable purposes of the Corporation;

WHEREAS, Caliber has requested CEBRE and VVE to take all actions necessary or advisable to facilitate the Development Agreement, the TI Loan, and the construction of the Tenant Improvements (the “Transactions”); and

WHEREAS, the Board desires that Caliber, CEBRE, and VVE take all actions necessary or advisable to facilitate the Transactions;

NOW, THEREFORE, BE IT RESOLVED, that the Board approves the Development Agreement, the TI Loan, and the construction of the Tenant Improvements;

RESOLVED FURTHER, that, for purposes of establishing compliance with the requirements of Section 1.150-2 of the Treasury Regulations, the Board of Directors of the Corporation (the “Board”) hereby declares its official intent to use proceeds of indebtedness to reimburse the Borrower for Reimbursement Expenditures. This declaration does not bind the Borrower to make any expenditure, incur any indebtedness, or proceed with the Project;

RESOLVED FURTHER, that the Board hereby approves, confirms, and ratifies the election or appointment of the following individuals to the offices of the Corporation set forth after their names:

Jennifer Moses Chief Executive Officer Ron Beller Secretary Jonathan Mariner Chief Financial Officer Markus Mullarkey Chief Operating Officer

RESOLVED FURTHER, that the Board appoints the officers of the Corporation, and each of them individually (each, an “Authorized Signatory”), as authorized signatories of the Corporation for purposes of executing the Development Agreement on behalf of the Corporation;

RESOLVED FURTHER, that the Authorized Signatories, and each of them individually, are authorized and directed, for and in the name and on behalf of the Corporation, to execute and deliver the Development Agreement;

RESOLVED FURTHER, that the Authorized Signatories, and each of them individually, are authorized and directed, for and in the name and on behalf of the Corporation, to execute and deliver such loan agreements, promissory notes, notices, certificates, and other documents, agreements, or instruments or amendments to any of the foregoing, as an Authorized Signatory may approve as necessary or advisable to facilitate the Transactions, each with such additions, deletions or changes therein as the Authorized Signatory executing the same shall approve (the execution and delivery thereof by any such Authorized Signatory to be conclusive

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4 1152903.1

evidence of his or her approval of any such document, agreement, instrument, amendment, addition, deletion or change);

RESOLVED FURTHER, that the Board hereby ratifies and confirms the acts of the officers, agents or employees of the Corporation taken on behalf of the Corporation or VVE in connection with the Transactions;

RESOLVED FURTHER, that by the adoption of these resolutions, the Board hereby reconfirms, ratifies and adopts all prior actions of the Board which may have previously been taken in connection with the Transactions;

RESOLVED FURTHER, that these resolutions shall take effect and be in full force immediately after their adoption by the Board.

RESOLVED FURTHER, that all prior resolutions of the Board or any parts thereof in conflict with any or all of the foregoing resolutions are hereby repealed to the extent of such conflict; and

RESOLVED FURTHER, that the Authorized Signatories, and each of them individually, are hereby authorized and directed, for and in the name and on behalf of the Corporation, to approve, execute and deliver any and all documents, instruments and agreements, and to perform or cause to be performed any and all acts as may, in their judgment, be necessary or desirable to accomplish the purposes of the foregoing resolutions and the transactions contemplated thereby and by the agreements therein approved, and any such documents, instrument or agreements so executed and delivered or actions taken by them or any of them shall be conclusive evidence of their authority in so doing.

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Certificate of Secretary

The undersigned certifies that the undersigned is the duly appointed and acting Secretary of Caliber East Bay Real Estate (the “Corporation”), a California nonprofit public benefit corporation, and that the foregoing Resolutions were duly adopted by the majority vote of the directors of the Corporation then in office at a meeting of the board of directors of the Corporation duly held on _______________, 2019, in compliance with the bylaws of the Corporation, in compliance with the notice, agenda, and open meeting requirements of the Ralph M. Brown Act, and while a quorum was present.

.

Date: ______________, 2019 _______________________________ Ron Beller, Secretary

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APPENDIX A (Project Description)

Charter school educational facilities located at 500 Oregon Street and 211 Valle Vista, located in the City of Vallejo, County of Solano, State of California.

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EXHIBIT A (Form of Development Agreement)

(See attached)

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SECTION 2 : ADVANCE DISCUSSION MATERIALS CEO Search

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https://hangouts.google.com/hangouts/_/caliberschools.org/caliberboardmeeting

CONFIDENTIAL

Koya Consultants: Caliber Search Committee: Michelle R.S. Bonoan Jose Lopez (Chair) Medelene Beasley Ron Beller

Robin DeGracia Jonathan Mariner

Chief Executive Officer Search Report to Board of Directors

April 16, 2019

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Chief Executive Officer

CONFIDENTIAL 2

SEARCH SUMMARY TO DATE

➢ The CEO Position Profile was approved on February 7, 2019, and Koya initiated outreach on February 8, 2019. To date, Koya

has outreached to 180 educational leaders in the Bay Area and throughout the state of California at charter management

organizations, public school districts, and other education-related nonprofit organizations.

➢ Market Feedback: Response to this opportunity continues to be positive. A number of individuals commented that they

appreciate Caliber’s commitment to whole child development including SEL and restorative justice coupled with a focus on

STEM and academic rigor. Some individuals were interested in understanding the status of the construction of the new building

for Caliber Beta Academy. Individuals who were not interested cited reasons including timing, relocation and/or being committed

to their current role.

➢ Interview Progress: 5 candidates participated in calibration interviews with the Caliber search committee. These individuals

were selected to participate in initial interviews given their experience and strengths in instructional leadership as well as other

unique skill sets that they would bring to a CEO role. Koya is using the results of these interviews to calibrate and inform its

ongoing sourcing. Additional interviews with the search committee and select members of Caliber’s staff will continue through

the next few weeks.

➢ Semi-Finalists: The Search Committee selected two Semi-Finalist candidates to invite to Caliber for further interviews, meeting

with constituencies and tours of schools.

➢ Next meeting: Progress Report Meeting to be scheduled during the week April 16th.

➢ Next Steps:

o Koya will continue to conduct phone screens and in-person/video interviews

o Determine and schedule blocks of time for Semi-Finalist interviews with search committee

o Collaborate with search committee, SSO team, and school leaders to establish a comprehensive finalist interview

process that meets all groups’ needs

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SECTION 3 : CONSENT CALENDAR ITEMS

Items For Approval

The following items are proposed by staff for Board approval:

Item Title Description $ Impact B1 2/25/19 Board Meeting

Minutes Draft meeting minutes from the February 25. 2019 Board Meeting

No $ Impact

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SECTION 3 : CONSENT CALENDAR ITEMS

B1 – February 25, 2019 Meeting Minutes

Board of Directors Meeting Monday, February 25, 2019 1:00PM-3:00PM

4301 Berk Ave Richmond, CA 94804

Directors Attending

● Tony Adams● Jennifer Moses● Jonathan Mariner (Via Phone)

● Ron Beller● Dr. Jose Lopez● Carolyn Hack

Directors Absent

● Pete Briger● Robin DeGracia

● Dr. Margaret Harris

Staff Present

● Markus Mullarkey, COO● Chayla Gibson, Head of HR

● Ric Zappa, Chief Schools Officer● Stef Garcia, Administrative Assistant

Call to order - Meeting was called to order by Dr. Jose Lopez at 1:07. Quorum was established.

A1. Academic Update Ric Zappa gave an overview of the SSO Education Team members and their role in helping the school sites shift instruction. Mr. Zappa gave an update on the Caliber Schools Strategic Priorities progress.

Jennifer Moses reviewed Caliber’s eight LCAP Goals and the progress at each school.

A2. Update on California political environment for education Jennifer Moses addressed possible impact of changing & hostile political environment toward charter schools. Working on a long-term strategy to ensure our student, parent, and staff voices are heard.

A3. Annual and 5 Year Growth Plan Jennifer Moses reviewed the 5 year growth plan which includes Senior Staff’s analysis of the growth rubric. Caliber’s growth goal includes a possible new school in 2021.

A4. Finance, Audit & Facilities Update Markus Mullarkey reported that there have been minimal changes since the December 2018 Board Meeting. Attendance numbers are slightly higher than projected. Unduplicated student count at

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ChangeMakers Academy is lower than anticipated. If we are to change lottery preference practices to ensure more neighborhood students are able to attend, authorizer consent would be needed. Dr. Lopez would like to discuss the student selection process and how many upper grade students we accept at an upcoming Board meeting. Mr. Mullarkey gave an update on the FPM Review at Caliber: ChangeMakers Academy. The Board would like a follow up discussion on the findings of the review.

Ron Beller made a motion to approve the Caliber: Beta Academy and Caliber: ChangeMakers Academy 2nd Interim Report. Jennifer Moses seconded motion.

● Jennifer Moses: Y● Tony Adams: Y● Robin DeGracia: N/A● Margaret Harris: N/A● Jose Lopez: Y

● Jonathan Mariner: Y● Ron Beller: Y● Carolyn Hack: Y● Pete Briger: N/A

Motion Passed

Jennifer Moses made a motion to approve the Low Performing Student Block Grant Plan for Caliber: Beta Academy and Caliber: ChangeMakers Academy. Carolyn Hack seconded motion.



Motion Passed

Jennifer Moses made a motion to award the North Campus project design-build to Clark Sullivan Broward & Lionakis and authorize staff to execute the proposed contract with the winning design-build team. Tony Adams seconded motion.



Motion Passed

A5. Governance Updates

Dr. Jose Lopez announced that the CEO candidate search has gone live and Koya Partners is currently recruiting. Outreach is in the early stages, initial conversations with potential candidates are taking place. The CEO Search Committee will have first of four check in calls with Koya this week for updates. Upcoming check ins are 3/12, 3/26 & 4/16.

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Markus Mullarkey described the relationship between Caliber and CEBRE, Caliber’s authority to appoint CEBRE board members, and the desire to add an additional member to the CEBRE board.

Jennifer Moses made a motion to appoint Josh Frieman as a new CEBRE Board Member. Dr. Jose Lopez seconded motion.



Motion Passed

B. Review / Approval of Consent Items

Tony Adams made a motion to approve all items in the consent calendar. Dr. Jose Lopez seconded motion.



Motion Passed

Public comment: 1 member of the public made a comment to the board: Gondica Nguyen

D. Closed session. The Board recessed to closed session. Dr. Jose Lopez reported that during the closedsession, the Board discussed a personnel matter. No decisions were made.

Next board meeting: 4/16 @ 1:00PM at Caliber: ChangeMakers Academy Meeting adjourned at 3:22pm.

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CALIBER SCHOOLS BOARD OF DIRECTORS ANNUAL MEETING …€¦ · A1.1 Academic Excellence Vision...

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