Committee Meeting Updates

Planning - this committee is committed to keeping the Board looking forward and one of the topics for consideration is succession planning - when key leaders decide to retire, move on or for whatever reason leave their Maranatha office, what steps and plans do we have in place to address those. We will be developing those plans over the coming months including discussing those scenarios with representatives from the Maranatha family. In addition the Planning committee continues to follow up on work done at the Annual Planning meeting in regard to points of emphasis and focus for the Board and the Administration such as Development(attracting families and encouraging investment in the school), Finances and Facilities.

Finance - so we now have a proposal for our priorities and for a 5 year plan to accomplish those priorities. If accepted by the Board at the meeting on November 4th, I will share those here. Good news is that we have a budget for this year that sets the target to have positive cash balance at the end of the year. We will do this while taking some important steps to build margin in our financial position: set aside funds monthly to establish a bank loan payment reserve fund and a deferred maintenance fund. So far this year, we are on budget with both revenue and expenses.

Faciliities - the important, but not glamorous, project to build a retaining wall at the North Campus just outside the lunch room to keep water from entering the building is well on its way and should be completed within 2 weeks. Work on installing a new roof at the North Campus over the Pre-School wing should start within 2 weeks. We received a bid for several thousand less than what it cost us to do the other half a couple years ago. Work on the monument sign should start in November. The Facilities committee also has prioritized other maintenance and capital improvements for undertaking over the course of the next 5 years. If accepted at the Board meeting, I will share those plans here.

Next up the Development committee next Tuesday.