1 / 20

Board Agenda

Board Agenda. Opening Prayer ALL Approve Minutes Jami Benedictine Reflection Fr Martin Head ’ s report Tim Board Information Update on Bond financing John Capital Campaign Mike Construction update Dave Chair ’ s comments Jami Closing Prayer Fr. Maurus.

jock
Télécharger la présentation

Board Agenda

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Board Agenda Opening Prayer ALL Approve Minutes Jami Benedictine Reflection Fr Martin Head’s report Tim Board Information Update on Bond financing John Capital Campaign Mike Construction update Dave Chair’s comments Jami Closing Prayer Fr. Maurus

  2. Opening Prayer Community

  3. Approve Minutes Jami

  4. Board Agenda Opening Prayer Fr. Maurus Approve Minutes Jami Benedictine Reflection Abbot Mark Head’s report Tim Finance Budget 14-15 Guy Alternative Financing John Board discussion Jami Financing Recommendations Funding Priorities Chair’s comments Jami Closing Prayer Fr. William

  5. BenedictineReflection Father Martin

  6. Board of Trustees March 20, 2014

  7. Head’s Report Winter Sports Boys basketball – CCS/NORCAL Girls Soccer – Best of D5 Lenten Talents - $1 to $2500 Rebuilding Together April 26 Trustee Day March 11 Grandparents Day March 21 Nurse – WASC recommendation Saint Anselm collaboration Tech Audit – April FUND A NEED – FA and Faculty Admissions report – Al Check Fraud status

  8. Head’s Report Boarding Program – Michelle • Hiring 3 RF's; Increased compensation • Building improvements/safety issues being resolved • Addition of a nurse during the day- great step in helping take care of students • Admissions- conversations with Al re: finding ways to assure the validity of the applications that come from China (a company called Vericant can help with this process) and finding ways to increase domestic applications/American applications (A Better Chance, ARAMCO, local school fairs?)

  9. Fiddler On The Roof

  10. Head’s Report • Scott Parker, Russell Shaw, Eric Carlson • Triple Challenge – 100X3 • New Orleans trip was a huge success • New partnership with 49ers Academy in East Palo Alto – we have been sending full vans over once a week to tutor elementary school kids there.   • Participation in WE Day, a celebration of community service with lots of celebrities on March 26th at Oracle Arena.  We are sending 19 kids. • Sports teams being asked to do service as a team this year – Basketball did Hoops of Hope in the Winter, Track & Field team doing Relay for Life in early May

  11. Board Discussion

  12. Board Priorities 2013-2014 • Financial Sustainability[Jami Nachtsheim] • Depreciation treatment • Hybrid funding sources • Alternative sources of revenue • Review & Update Development Process [Mark Gainey] • Strategy for endowment • How it targets constituencies

  13. Board Priorities 2013-2014 (cont.) • Overall Bldgs & Grounds Management [Dave Brett] • Oversight of current needs • Deferred maintenance • New build out planning • Town Outreach Plan [Tim Molak] • Council, Planning, ASCC • Priory CUP, enrollment • Impervious surface

  14. Proposed Schedule • Mid March • Finalize Credit Package • Distribute Credit Package to Banks • Late March • GKB to gauge bank interest and answer questions • GKB to coordinate bank site visit(s), if requested • Mid April • RFP responses due • Evaluate RFP results • Negotiate final bank pricing and terms • Select preferred financing structure and bank • Analyze possibility of friends of Priory purchasing bonds • Late April • Assemble financing team and schedule kick-off conference call • Begin issuer and TEFRA process • Initiate bond documentation & security agreement process • Bank to complete due diligence process and distribute commitment letter • May • Second draft of financing documents available • Board/Committee meeting to approve financing • Late May/ Early June • TEFRA hearing • Board of Directors approves financing • Receive issuer approval • Finalize financing documents • Bank to set interest rate (TBD, could be earlier depending on bank/proposal/structure) • Finalize transaction and close

  15. Chair’s Comments • Thank you for the Gala contribution! • Trustee Survey (Monica) • Getting Ready for next year • Committee Chairs be thinking about your succession (Monica) • Trustee committee preference (Monica) • Trustee nomination process upcoming year (Monica) • Board Retreat August 22-23: Mark your calendar!

  16. 2010 French White Burgundy • Meursault Clos de la Barre from Domaine des Comtes Lafon • Puligny-Montrachet, Les Folatiers from Francois Carillon • 1999 Chateau Margaux • 1997 Stags Leap Cabernet Sauvignon • 1995 Silver Oak Cabernet Sauvignon • 2004 Dom Perignon Champagne • Armand Brignac Brut Gold Champagne • 2011 Kistler “Kistler Vineyard” Sonoma Coast Pinot Noir • 1999 French White Burgundy • Beaune Clos des Mouches from Domaine Drouhin • Puligny Montrachet Les Folatieres from Paul Pernot • 6 Bottle Vertical of Silver Oak Cabernet Sauvignon: 2000-2005 • 1989 Chateau Lafite Rothschild • 2008 Gemstone Cabernet Sauvignon • 2004 Shafer Hillside Select Cabernet Sauvignon • 2000 Staglin Family Vineyard Cabernet Sauvignon • 2011 Dumol Russian River Valley Pinot Noir • 2009 Silver Oak Napa Valley Cabernet Sauvignon • Quintessa Rutherford Napa Valley Red Wine • 1995 Chateau Mouton Rothschild

  17. Closing Comments Jami Prayer Fr Maurus

More Related