SPECIAL BOARD Meeting Agenda – June 15, 11:30 AM - NOON
Virtual Meeting
Zoom Link: https://us02web.zoom.us/j/84098990108?pwd=eld3enB1dXlzcFF6QytibzVPNXNVQT09
Meeting Call-In Number: 1 929 205 6099 Meeting ID: 840 9899 0108 Passcode: 501620
Directors are reminded that all Able Trust Board and Committee meetings are open and publicly noticed. Under Florida Sunshine Law, any meeting of 2 or more Able Trust Directors must be publicly noticed. Directors are prohibited from discussing Able Trust business outside of official meetings of the organization. Directors are reminded of conflict-of-interest provisions. In declaring a conflict, please refrain from voting or discussion and declare the following information: 1) Your name and position on the Board, 2) The nature of the conflict, and 3) Who will gain or lose as a result of the conflict.
I.
II. III.
Call to Order Roll Call and Establishment of Quorum Approval of Agenda – Action
IV. Action Items (30 Minutes)
a. FY 2024 Revised Budget Line Items: Travel, Lobbying Fees, Innovative Projects & GrantsAction
V. New Business Public Comment
Next Board Meeting: September 21, 2023, 10:00 AM –Noon - Virtual
Adjourn
Laurie Sallarulo, Chair
Chip Byers, Secretary
Laurie Sallarulo, Chair
Allison Chase, President & CEO
Laurie Sallarulo, Chair
Please Note: Agenda subject to revisions and additions per the discretion of the Chair of the Board of Directors. Notification will be sent of any such revisions or changes.
Members of the Public: Please notify Arnaldo Ramos at Arnaldo@AbleTrust.org if you wish to make public comment on particular agenda items no later than 1-hour prior to beginning of the meeting.
Able Trust Budget Review FY23 & FY24 Proposed Budget
Travel is expected to increase up to 25% for all positions in FY24. This is due to the collective impact work in Tampa, increased fundraising efforts throughout the state, addition of HSHT sites, and development/execution of industry boot camp programs.
• Expenditures on innovation projects & grants were much less than projected this year primarily due to the unanticipated time required to fully develop a new DSO engagement plan with the guidance of FDOE/VR.
• FY23 expenditures include capacity training for providers, VR staff, and small business development consultants; grant management for the VR ArtCIE project; and $25,000 grant for a local partner in Hillsborough County to assist with planning for our collective impact project.
• Requested funds for FY24 include $200,000 for full implementation of collective impact in Tampa. Grants for this project will be presented to the Grant Committee in August and the full board in September for review and approval.
• The remaining $100,000 will be used to create and execute industry "boot camps" throughout the state based on our experience with the pilot program with USF College of Nursing in July, 2023. Each of these projects will be vetted by the Grant Committee and included in the annual board evaluation of funded projects.
• $6,000 to complete the annual contract with Shumaker (Aug 2022 – July 2023) Recommending that we will renew a contract for FY24
FY24 Administrative Expenditure Analysis
413.615 (9)(j) FS: Administrative costs shall be kept to the minimum amount necessary for the efficient and effective administration of the foundation and are limited to 15 percent of total actual expenditures in any fiscal year. Administrative costs include audits, salaries or other costs for nonofficers and contractors providing services that are not directly related to the mission of the foundation as described in subsection (5), costs of promoting the purposes of the foundation, all travel and per diem expenses of board members, officers’ salaries, and chief executive officer program management, and other allowable costs.