Director of School Operations at Achievement First Rhode Island
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Decision makers at Achievement First Rhode Island
Associate Dean of Students
Behavior Specialist
Chief Financial Officer
Chief People Officer
Dean of Special Services
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The meeting agenda included a welcome session, a period for public comment, and a segment for board business. Additionally, the board convened for an executive session dedicated to a board retreat.
The board received updates regarding academic results and strategic priorities for upcoming school years, with a specific focus on student performance in mathematics and college readiness. Key actions included the approval of the fiscal year 2027 budget, the appointment of committee members, and the authorization of interim principals. The board passed a resolution approving a corrective action plan to address compliance requirements under the Rhode Island Right to Read Act. Furthermore, the board authorized significant real estate transactions, including a new sublease for a school building construction project and an amendment to an existing lease agreement for a current school facility.
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The Finance Committee reviewed the minutes of the September 5, 2024 meeting and made a recommendation to the Board of Directors regarding the approval of a resolution authorizing the issuance of Fiscal 2025 Series 1 Bond Anticipation Notes. A key discussion point involved the planned issuance of up to $1.2 billion of Fiscal 2025 Series AA Water & Sewer System Second General Resolution Revenue Bonds, with an expected issuance of $900 million, broken into two subseries: Fiscal 2025 AA-1 (approximately $600 million of fixed-rate bonds) and Fiscal 2025 AA-2 (approximately $130 million of refunding bonds).
The board meeting covered several key items. The board accepted the independent auditors' report on the Water & Sewer System's audited financial statements for fiscal years 2023 and 2024. Investment guidelines were approved, along with the Authority's Investment Report. An assignment of the Financial Advisor Agreement to NW Financial Holdings was approved, as was an agreement with Omnicap Group LLC to serve as an arbitrage consultant. Finally, the Authority's Mission Statement and Performance Measures were approved, and authorization was given to publish the Measurement Report. A Governance Committee report was also presented.
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