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