CFFF Board Meeting Minutes 2024

Directors Present:

Jan Pawlowski, Randy Bauer, Lynn Baca, David Acunto, Chris Clark, Ashley Conn, Susan Noble, Tom Green

Directors Excused:

Jodi Bright, Starr Trujillo

Staff Present:

Bill Ankele, Kerrie Monti, Nittaya Banchongchith

Staff Excused:

Terry Lucero

(Quorum: 2 Developer/Builder Directors, 2 School District Directors, and 1 Public Entity Director)

1. Call to Order and Introductions

Meeting to order at 3:06 p.m. Starr Trujillo replaced Lloyd Worth as a Board of Education director.

2. Administrative Matters

• a. Election of Officers: David Acunto is the new President, Jan Pawlowski is the new Vice President, and Susan Noble is the new Secretary/Treasurer.
• Motion: Mid-meeting quorum was achieved, and Tom Green moved to approve items a, b, and c; seconded by Randy Bauer; there was no discussion, and all items unanimously carried.
• b. Approval of Agenda:
  • Motion: Tom Green moved to approve the Agenda; seconded by Lynn Baca; there was no discussion, and it was unanimously carried.
• c. Approval of Minutes of the November 9, 2023 Meeting:
  • Motion: Jan Pawlowski moved to approve the November 9th, 2023 minutes; seconded by Chris Clark; there was no discussion, and it was unanimously carried.
• d. Approval of November, December 2023, and January 2024 Financial Reports: Kerrie Monti reviewed the reports. In November 2023, CFFF received $69,580 in contributions with $185,000 transferred to JP Morgan to purchase a CD. In December 2023, CFFF received $120,400 in contributions. In January 2024, CFFF received $126,420 in contributions with $165,000 transferred to JP Morgan to purchase a CD. A check was written to JDS Professional Group for FY2023 Audit in the amount of $6,850.
  • Motion: Lynn Baca moved to approve November, December 2023, and January 2024 financial reports; seconded by Jan Pawlowski; there was no discussion, and it was unanimously carried.
• e. Board Director Changes: Kerrie Monti went over the new Board Director changes.
• f. Policy Signatures for Whistleblower (new Directors) and Conflicts of Interest (all Directors) Policy Signatures: Kerrie Monti went over policy signatures needed from the Directors.
• g. Draw Request Process: Kerrie Monti reviewed the draw request process. Draw requests can only be used for student capacity construction.

3. Board Member and Staff Items

• a. 27J Updates - 2021 Bond Program:
  • Kerrie Monti discussed CDE Data-27J schools growth and enrollment.
  • Kerrie Monti reviewed the 2021 Bond Program Update.
• b. Summary Reports:
• c. Residential Development:

4. Public Comment

There were no public comments.

5. Next Scheduled Meeting

April 4, 2024, at 2:00 p.m.

6. Adjourn

David Acunto adjourned the meeting at 3:40 p.m.

Directors Present:

Jan Pawlowski, Randy Bauer, Lynn Baca, Chris Clark, Ashley Conn, Susan Noble, Jodi Bright, Starr Trujillo, and Tom Green

Directors Excused:

David Acunto

Staff Present:

Kerrie Monti, Nittaya Banchongchith

Staff Excused:

Bill Ankele, Terry Lucero

(Quorum: 2 Developer/Builder Directors, 2 School District Directors, and 1 Public Entity Director)

1. Call to Order and Introductions

Jan Pawlowski called the meeting to order at 2:04 p.m.

2. Administrative Matters

• a. Approval of Agenda:
  • Motion: Jan Pawlowski moved to approve the Agenda; seconded by Ashley Conn; there was no discussion, and it was unanimously carried.
• b. Approval of Minutes of February 01, 2024:
  • Motion: Jan Pawlowski moved to approve the February 1st, 2024 minutes; seconded by Randy Bauer; there was no discussion, and it was unanimously carried.
• c. Approval of February and March 2024 Financial Reports: Kerrie Monti reviewed the reports. In February 2024, CFFF received $83,628.55 in contributions with $165,000 transferred to JP Morgan to purchase a CD. In March 2024, CFFF received $74,480 in contributions with two invoice payments. The payments were to White Bear Ankele Tanka & Waldron (invoice #33794, check #1116) in the amount of $246 and to JDS Professional Group (invoice #710939, check #1117) in the amount of $1,500. The $1,500 check to JDS Professional Group had not cleared in the month of March.
  • Motion: Tom Green moved to approve February and March 2024 financial reports; seconded by Randy Bauer; there was no discussion, and it was unanimously carried.
• d. Policy Signatures for Whistleblower (new directors) and Conflicts of Interest (all directors) Policy Signatures: Nittaya Banchongchith will be reaching out to Directors for missing signatures.
• e. MS #6 Draw Request Update: The 27J Board of Directors will likely present a draw request for funds for MS #6 construction at the June meeting.

3. Board Member and Staff Items

• a. 27J Updates - 2021 Bond Program:
  • Kerrie Monti noted that MS#6 construction will begin September-October 2024. The 27J Facility Planning Advisory Committee narrowed the name nominations submitted to the names below. 27J Communications will reach out to the public to vote on these names. The top three will then be presented to the 27J Board of Education through the Superintendent. The naming of district facilities is the responsibility of the Board of Education.
    • Dinosaur Ridge
    • Hidden Lake
    • Rocky Vista
    • Talon Ridge
    • Thornton Trails
    • Todd Creek
  • Kerrie Monti noted that the HS#4 site plan is pending subdivision (48.6 acres for the District) and property transfer by the City of Commerce City. Susan Noble offered to ask about an update in that process and to verify the acreage. The District is in the process of selecting the contractor. Using the naming process described above, HS #4 nominations are as follows:
    • Arsenal
    • Bison View
    • Buffalo Trail
    • Cactus Ridge
    • Coyote Creek
    • Tower
• b. Summary Reports:
• c. Residential Development: Through February, building permits are up 26%.

4. Public Comment

There were no public comments.

5. Next Scheduled Meeting

June 06, 2024 at 3:00 p.m.

6. Adjourn

Jan Pawlowski adjourned the meeting at 2:30 p.m.

Directors Present:

Randy Bauer, Trena Kloss, Susan Noble, David Acunto, and Tom Green

Directors Excused:

Jan Pawlowski, Lynn Baca, Ashley Conn, Jodi Bright, and Starr Trujillo

Staff Present:

Kerrie Monti, Ben Dahlman (27J Bond Director)

Staff Excused:

Bill Ankele, Terry Lucero, Nittaya Banchongchith

(Quorum: 2 Developer/Builder Directors, 2 School District Directors, and 1 Public Entity Director)

1. Call to Order and Introductions

At 3:00 p.m., Kerrie Monti noted that there was not a quorum present and that the consensus of the Directors attending the meeting would be put before the Board in a unanimous consent resolution. She also welcomed Trena Kloss with Lennar, who will be replacing Chris Clark as a Developer/Builder Director.

2. Administrative Matters

• a. Approval of Agenda: No changes were noted by attending Directors.
• b. Approval of Minutes of April 04, 2024: No changes were noted by attending Directors.
• c. Approval of April and May 2024 Financial Reports: Kerrie Monti reviewed the reports. In April 2024, CFFF received $124,180 in contributions with $210,000 transferred to JP Morgan to purchase a CD and two payments. The payments were to JDS Professional Group (invoice #710939, check #1117) in the amount of $1,500 and to DR Horton to reimburse fees for three lots paid in error (check #1118) in the amount of $2,940. In May 2024, CFFF received $97,020 in contributions.
  • Motion: No formal motion was made during the review, but the reports were presented for approval by the attending Directors.
• d. Approval of D&O Insurance Renewal: Kerrie Monti reviewed the Director and Officers insurance premium increase from $806 for 2023-2024 to $846 for 2024-2025.
• e. Auditor-FY2024 Audit and Form 990: Kerrie Monti noted that the FY2024 audit would take place in July. JDS Professional Group’s FY2023 cost was $8,350, and their FY2024 quote is $8,850 (cost of living adjustment).
• f. Talon Ridge MS Draw Request Update: Kerrie Monti noted that the 27J Board of Education would consider a draw request to use CFFF funds to assist in the design and construction of Talon Ridge MS. If approved, the request will be presented to the CFFF Board at its September meeting. Kerrie Monti explained the process of using funds from maturing CDs and T-notes, as well as current contributions, for the draw request if approved.
• g. Preliminary 2025 Fee Adjustment: Kerrie Monti discussed the preliminary 2025 fee adjustment effective January 1st, 2025. The final fee adjustment figures will be presented at the September meeting.

3. Board Member and Staff Items

• a. 27J Updates - 2021 Bond Program:
  • Ben Dahlman noted that Talon Ridge MS construction will begin October 2024. He also gave an updated status regarding the Rocky Vista HS site transfer from the City of Commerce City to 27J Schools.
• b. Summary Reports:
• c. Residential Development: Through April, building permits are up 23%.

4. Public Comment

There were no public comments.

5. Next Scheduled Meeting

September 05, 2024 at 2:00 p.m.

6. Adjourn

Kerrie Monti adjourned the meeting at 3:35 p.m.

Directors Present:

Randy Bauer, Jan Pawlowski, Lynn Baca, David Acunto, Starr Trujillo, Tom Green

Guest Speaker:

Jill Korenek (JDS Professional Group - Auditor)

Directors Excused:

Ashley Conn, Jodi Bright, Susan Noble, Trena Kloss

Staff Present:

Kerrie Monti, Terry Lucero, Nittaya Banchongchith, Brittany Bartter (27J Accounting Manager), Ashley Trujillo (27J Accounting Technician)

Staff Excused:

Bill Ankele

(Quorum: 2 Developer/Builder Directors, 2 School District Directors, and 1 Public Entity Director)

1. Call to Order and Introductions

At 2:03 p.m., Kerrie Monti noted that there was not a quorum present and that the consensus of the Directors attending the meeting would be put before the Board in a unanimous consent resolution.

2. Administrative Matters

• a. Approval of Agenda: No changes were noted by attending Directors.
• b. FY2024 Audit Report: Jill Korenek presented the FY2024 audit report and letters. Attending Directors approved the audit report and letters.
• c. Approval of Minutes of June 06, 2024: No changes were noted by attending Directors.
• d. Approval of June, July, and August 2024 Financial Reports: Kerrie Monti and Nittaya Banchongchith reviewed the reports. In June 2024, CFFF received $197,960 in contributions with $220,000 transferred to JP Morgan to purchase a CD. A payment was made to IMA, INC-Colorado (invoice #355648, check #1119) in the amount of $846. In July 2024, CFFF received $111,860 in contributions with $150,000 transferred to JP Morgan to purchase a CD. In August 2024, CFFF received $68,600 in contributions. Attending Directors approved the financial reports.
• e. Request for Unspent Funds for Southlawn Elementary: Kerrie Monti reviewed the unspent draw request funds for Southlawn Elementary in the amount of $69,070. Attending Directors agreed to request that 27J return the funds to the CFFF.
• f. Talon Ridge MS Draw Request Update: Attending Directors agreed to approve the request by the 27J Schools Board of Education for $2,000,000 for the construction of Talon Ridge Middle School.
• g. 2025 Fee Adjustment: Kerrie Monti discussed the fee adjustment effective January 1st, 2025. Per the calculation stated in the bylaws, the CFFF fees will increase by 3.5%. The fee for SFD, SFA, and MH will increase by $34.30 (from $980 to $1,014). The fee for TH, C, and MF will increase by $19.60 (from $560 to $580). Attending Directors approved the fee adjustment.

3. Board Member and Staff Items

• a. 27J Updates: Enrollment Update: Kerrie Monti went over the enrollment. As of September 3rd, 2024, the K-12 enrollment in district-managed schools was 16,945 students (562 students over October count of 2023). PK-12 enrollment for all schools was 23,916 students (771 students over October count of 2023).
• b. Summary Reports:
• c. Residential Development: Through July, building permits are up 25%.
• d. Other Information:

4. Public Comment

Kerrie Monti advised the Board that she would be retiring from 27J Schools at the end of December. The District should be posting for her position within a few weeks.

5. Next Scheduled Meeting

November 07, 2024, at 3:00 p.m.

6. Adjourn

Kerrie Monti adjourned the meeting at 2:50 p.m.