1. Call to Order, Roll Call and Recognition of Visitors and Board Co-Chairs
   1. Yelena Hardcopf: Absent
   2. Elizaveta Lindman: Present
   3. Christian Schmidt: Present
   4. Alekej Abyzov: Present
   5. Yelena Kurdyumova: Present
   6. Mark Eilers: Present
   7. Paul Kinsey, Executive Director, ex officio board member: Present
   8. Visitors in attendance: Sergey Porada and Nicole Nelson of IQS.
2. Approval of the Agenda
   Approval of the agenda with addition of discussion on lease termination and the correction of the date of the next meeting to December 19 from November 21st.Motion by: Christian Schmidt
   Seconded by: Alexej Abyzov
   5-0-0
3. Read the Nasha Shkola Mission and Vision – Paul Kinsley
   Vision: To be an academically rigorous school preparing students for the world.
   Mission: Nasha Shkola will be a multi-cultural charter school committed to academic excellence, provide a highly-structured learning environment based upon education best practices for students interested in the Russian language and culture, achieved through the collaborative efforts of parents, staff, and the communities we serve.
4. Open Forum for members of the public wishing to address the board
   No public comments.
5. Reports
   
   1. Executive Director report
      1. Enrollment-115
         • The school actually has 123 students but we have only listed 115 with state in order to be cautious with planning.
      2. Student achievement and LIT (Paul Kinsley gave the report in place of Yelena Hardcopf)
         • The school should think about planning for the future including setting up an after-school program to teach Russian language, extra math, or other subjects.
         • This could help with community relations, increase our name recognition, and increase revenue.
         • The school will pay for the bus to pick up kids from schools nearby, parents would be required to pick up kids after the program ends.
      3. Marketing Committee Report (Yelena Kurdyumova)
         • Yelena continued to spread the word about Nasha Shkola among those she knows including artists and educators.
         • Yelena went to a photo exhibition about the Russia in 1917 and talked to various people about our school.
         • Yelena connected with a magazine in Houston that is published in Russian.
         • Yelena asked about having Yelena Hardcopf send her a list of school events.
         • Alexej asked to talk about cross promotion with NW Rhythmic Gymnastics School(NWRGS) so that both organizations, Nasha Shkola and (NWRGS) could benefit from the placement of advertisements in each location.
           The board moves to start an advertising relationship with NW Rhythmic Gymnastics School to place Nasha Shkola advertisements in NWRGS and NWRGS advertisements at Nasha Shkola.Motion by: Alexej Abyzov
           Seconded by: Yelena Kurdyumova
           5-0-0
   2. Financial Report
      1. Monthly Financial Report, Mark Eilers – Treasurer
         • The school has received $348,412 in Fund 01 that is 25% of current budgeted amount.
         • The school has spent $368510 in Fund 01 that is 27% of the current budgeted amount.
         • Fund 01 had a deficit of $20,097.
         • The school had a deficit of $8,272 dollars in Fund 02
         • The school had to pay the state of MN $42,000 for extra money given to the school in August. This should be the last money paid to the state for overpayment.
         • The board look at the projection reports on 115 students versus 121 students. The school is waiting for more money from the state. The director would like the state to pay the money as soon as possible.
      2. Account Balance
         • The school has a cash balance of $8,272 at the end of October.
         • The school has an overall audited fund balance of $63,791.
      3. Transfer of Line of Credit
6. Consent Agenda
   1. Minutes of October 17, 2017 board meeting.
   2. Financials October 2017.
      Motion to approve the consent agenda.Motion by:  Elizaveta Lindman
      Seconded by:  Yelena Kurdyumova
      5-0-0
7. Old Business
   1. Update: Wellness Policy revision (Alexej Abyzov)
      Mr. Abyzov, Ms. Lindman and Mr. Bogdanov met to discuss the policy on wellness.
      • The committee will meet again to finalize the policy of our school with regards to wellness.
   2. Update: School transportation: advertising costs and other concerns.
      • The school board discussed the idea of paying the bus company to place the schools name on the sides of the buses used to transport students.
      • The school still needs a transportation committee composed of at least one parent from each bus route.
      • The board discussed the amount of money busing costs and how expensive the placement of the school’s name would be for 4 buses. The company would charge $ 85 per bus to place the name.
      • The board discussed what the name on the side of the bus would look like and if it would include a website.The board tables the approval of funds for the placement of the school’s name on the side of the buses used to transport students to and from school.Motion by: Mark Eilers
        Seconded by: Elizaveta Lindman
        5-0-0
8. New Business
   1. Annual Report Approval
      • The board discussed the annual report.
   2. World’s Best Workforce Report Summary 2016-2017 Approval
      • The board discussed the World’s Best Workforce Report.Motion to approve the annual report including the World’s Best Workforce Report.Motion by: Alexej Abyzov
        Seconded by: Mark Eilers
        5-0-0
   3. Approval of Lease Termination Agreement with MCA
      • The board examined the document titled Lease Termination Agreement with MCA.Motion to approve the Lease Termination Agreement with MCA.Motion by: Alexej Abyzov
        Seconded by: Mark Eilers
        5-0-0
9. Other
   1. The board discussed the time of the Strategic Planning Meeting.
      The board decided on a tentative date of Tuesday December 5th at 4pm for the Strategic Planning Meeting.
10. Adjourn
    1. The board moves to adjourn the meeting at 7:48pm.
       Mark Eilers
       Alexej Abyzov
       6-0-0

The Nasha Shkola Board meets the 3rd Tuesday of each month at 6:30
The finance Committee meets at 5:30 prior to the board meeting.

ACTION ITEMS:

1. Approve the use of school funds for the placement of the school’s name on buses used to transport students to and from school.
2. Plan for an after-school program targeting students from other schools interested learning Russian, getting extra math help and other enrichment opportunities.
3. Attend the Strategic Planning Meeting on December 5, 2017 at 4 pm.