Board Meeting Minutes – 02.02.22

 Lake Country Classical Academy Regular Board Meeting 

February 2, 2022, 7 p.m. LCCA West Campus, 818 W. Wisconsin Ave, Oconomowoc 


President Kristina Vourax called the meeting to order at 7:04 PM. 

All Board members were present with the exception of Ali Schweitzer; Taryn Whipple attended via phone connection. 

  • • Motion made by Tim Peterson to approve the Agenda – Motion was approved 
  • • Motion made by Tim Peterson to approve Minutes of January Meeting – Motion Approved 
  • • There were no comments offered in the Citizen’s Forum 

Leadership Report: 

  • • Head Principal Margaret Daigneau presented the Leadership Report, a copy of which will be included. 
  • • Topics included enrollment, facility issues, her trip to Hillsdale the week of February 7, etc. 

Insurance Coverage Update: 

  • • Presented by Tim Peterson 
  • • Liability Coverage renewed 
  • • Added coverage for sexual misconduct 
  • • Cost of workers’ compensation insurance is high 
  • • An umbrella policy has been added with a ceiling of $1,000,000 
  • • The annual cost of the policy will be addressed by quarterly payments, beginning in February of 2022 

Summary of Strategic Planning Meeting of January 8, 2022: 

  • • Dan Fuhrman gave a summary of topics discussed, including 5-Year Vision of Board, short term requirements (1-2 years), and operating principles governing roles and relationships of the Board and Head Principal. 

Student Handbook: 

  • • Margaret Daigneau presented a comprehensive document encompassing all manner of operations, rules, and life at LCCA. 
  • • Motion made by Tom Gehl to approve the Handbook as presented, with the understanding that there would be minor modifications submitted, such changes to be cosmetic and not substantive. 
  • • Additionally, it was noted that this Handbook will be a living document going forward, and subject to change as appropriate. 

Accounting Policy and Procedures Manual (revised): 

  • • Brian Hastings presented 
  • • Motion by Tim Peterson to approve was made and passed. 

Treasurer’s Report: 

  • • Brian Hastings presented this report 
  • • Cash on hand as of January was $120,000 
  • • Next payment from DPI scheduled for February 15 
  • • Our operating deficit for the 2021-22 year continues to be reduced, but does stand at $160,000. 
  • • Fund raising will be needed to close this gap. 

Finance and Facilities Committee Report: 

  • • The committee continues to look at a variety of options and alternatives to gain space for next year. 
  • • Dan Fuhrman shared an update on the W.S. Knight Foundation’s grant of $500,000 in matching funds to supplement our own fund-raising efforts. 
  • • This will be split into two grants of equal $250,000 value. 
  • • The first half will run from 12/21/21 – 8/30/22, and is unrestricted. This means we can use it for whatever purposes we deem necessary. 
  • • The second half will run from 9/1/22 – 8/31/23, and is to be focused on capital needs. 
  • • Again – this grant is targeted for use as matching funds to our own successes in this area. 
  • • The next meeting of this committee is February 16, 2022. 

Fund Raising and Communications Committee: 

  • • Presented by Kristina Vourax – an update given on various efforts 
  • • Ball at Bristlecone beginning at 6 PM on Saturday, February 5, 2022 – she shared speakers for the event. 
  • • Work is beginning on the second annual Liberty Gala scheduled for July 16, 2022. 

Board President Report: 

  • • Kristina expressed gratitude to the William S. Knight Foundation for its generous support, and to the Leadership Team for continued performance in this challenging year. 

Meeting Adjournment: 

  • • Motion made by Tom Gehl to adjourn 
  • • Meeting was adjourned at 8:20 PM