COMPLETEPACKET

BALLOT ITEM # 1

Description and Summary Board Reduction

The Board currently has 15 governors serving three-year terms. They are grouped into three classes, each containing five governors. FC’s consultants, GGA, believe that the best practice for communities like FC is for Boards to have between 7 and 9 members, with any reductions in the size of larger Boards to be implemented gradually. The reasoning for a smaller Board is that it can operate more effectively and efficiently, and that a smaller number of governors can more easily be held account table by the Community.

We agree that the size of our Board should be reduced, but that it would be inappropriate and disruptive to make such a drastic reduction at this time.

We therefore propose a staged reduction with the goal of getting to twelve governors by March, 2026. Generally, the proposal is that when the terms of each class expire, four governors would be elected instead of five. For example, in March of 2024 the “class of 2024” would have four, and the other two classes would still have five, leaving a Board of 14. If, however, one vacancy in the class of 2024 occurs before the 2024 election, it would not be filled, meaning the Board size would be 14 earlier than otherwise. If one vacancy in either of the classes of 2025 or 2026 occurs before that governor’s term would have expired, it also would not be filled, meaning that the size of that class and the Board would be reduced earlier than otherwise, but never to less than four and 12 respectively. If two vacancies occur in any class, the second will be filled by the Board pursuant to the current rules. There is another small change on how many Board members are needed to call a Special Board Meeting, given the smaller Board size.

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