Present: Mark Hovis, Dan Cronin, John Gilleland, Mike Locklair, John Splain, Deann King, Tracey Haney, Joan Lange, Mike Milholland, BJ Steinbrook, and Charles McLawhorn

Call to order 6:05pm. There was no objection, so Steve Neagle opened with prayer.

Minutes- Minutes amended to reflect that Mark Hovis is on the Finance Committee. Motion to approve amended minutes made by Mike Milholland and seconded by Mark Hovis. Approved.

Public Comment-None

Budget-Robin reported the sales tax will show on next months report. Adjustments will be made next month. Should be at 25% currently. Utilities are at 34%. Surplus is anticipated. Dan reported they are working on the preliminary budget. Mrs. Smith has submitted hers and Mr. Machado is working on his. Planning meeting scheduled for May 9^th so we can review preliminary at May meeting. Deann requested the board be shown the level 5 budget for review. Discussion followed. Deann asked for verification on the Foundation Account. Acadia manages the check writing. It is under the current EIN and LCS: CFA manages the reporting. The Education Account is intended to house assets and funds. It has to be filed with the IRS and Petway and Mills is working on this. Mr. Bryan from the Challenge Foundation has requested the loan/deed of trust, letter of commitment and closing statement from the new building loan. The closing statement was not available until April 13^th. Other items have been sent to him. Discussion followed.

Building-Dan reported that the softball field is good whereas the baseball field is in need of work.

Principals Report
Denver-see attachment I. School road signs have been put up by the DOT.
Lincolnton-see attachment II. Discussion followed concerning enrollment. Stated that we can fill classes with students above the allotted number as long as we already have teacher(s) for that class. Surplus discussed. Mrs. Smith will keep any surplus to set aside for building fund. Maximum funded enrollment for 2008-2009 will be 1009 students. Plan is to take attendance overall and if it is greater than 1009 students, then will divide funds equally between students. The auction was extremely successful. Thanks given to Mike Milholland.

Old Business-
Policy Review-Discussed BDA, BBBA. Motion to delete BDA and BBBA made by Dan. Seconded by Deann and approved.
Charles moved we accept the proposed dress code and code of conduct with the only exception being Elementary students will not be allowed to wear hooded shirts. Seconded by Dan and approved.
Evaluations-Joan will send an Administrative evaluation to Dave to review and then Administration is to decide which to use. If currently proposed one is selected, then will go back and make school specific changes.
Nominations- Five parents have been nominated in Denver and several from Lincolnton. Also have a parent with a finance background (CPA) interested in joining the Finance Committee. Parents that have agreed to nomination are being sent information. Not likely they will meet with the board. Personal biographies are being put together. Mike Milholland and John Gilleland are unable to serve next year. Mark Hovis, Charles McLawhorn and Dan Cronin are willing to serve again. Discussed continuity.

New Business-
ALFA-Joan and BJ discussed the packet mailed to each board member concerning the Challenge Foundation and its future. It is a sunset foundation and will disappear 15 years after the death of its founder John Bryan. Plan is for it to evolve into ALFA. Currently the biggest issue with Charter Schools is facilities. ALFA will include CFA properties, Academic partnerships, Business partnerships, and Governance partnerships. Joan requested feedback on working toward this, our opinion and names for potential board members. LCS is the third CFA to be implemented. A fourth school is in progress now with the hopes of fifty schools eventually. Mark Hovis spoke to internet courses and the affect the networking of CFA could have. Joan spoke to CFA funding facilities and then schools pay back CFA and that money gets reinvested to fund more schools. BJ spoke to the three sectors of government, private industry and non profit. Charles inquired about fees and ability to opt out of some items. John Splain inquired about the academic community and possibly including a home school representative. BJ agreed and added the need is to improve our schools and offer our children the best education possible. Dan asked about governance and independence. BJ replied the intent is not to govern, but to allow independence. Discussion followed.

Joan moved the board enter closed session per NCGS 143-318.11 Subsection 5, Real Estate. Seconded by Deann and approved.

Returned to open session. Recommendation from the building committee that LCS: CFA notify JS Clark they are in violation of their contract regarding the debris. The board authorizes Gary Morgan to write the letter informing them. Jeff Taylor will review letter before sending. No second needed. Approved.

Dan moved the board enter closed session per NCGS 143-318.11 Subsection 6, Personnel. Seconded by Deann and approved.

Returned to open session. Dan moved we approve the Denver and Lincolnton teacher recommendations pending review of the budget with Administration. Seconded by Deann and approved.

Adjourned 9:39pm.
Respectfully submitted,

Deann King, Secretary