Ms. Turner, CFO, was having technical difficulties, so the review of the financial statements followed item III A. on the agenda.

Ms. Turner provided a summary of the presented operating budget for the 2021-2022 school year.  Ms. Turner shared that the budget did not include potential costs for a more than likely move to the Banneker Facility in the 2022-2023 school year.  Additionally, as a net 0 budget, it did not provide a cushion for economic uncertainty at this time.  It was also noted that budget revisions were expected based on a number of budget drivers such as enrollment, collections and additional expenses.  These revisions would ultimately include changes to programming which need to be discussed in further detail.

Clarifications and questions were posed by several members of the Board which were addressed by Ms. Turner, Mr. Jalice, Ms. Dupre (Director of Operations) and Ms. Brown.

This item was removed from the agenda because we have not yet received insurance quotes.

Ms. Latoye thanked all stakeholders of the Audubon Community for their ever present support during her tenure.  She expressed her personal thanks to the Board, parents, Leadership Team and staff for their collegiality and push during her time as CEO.  She also shared that although she is leaving, she will always be a Rarebird for Life!

The Board Retreat has been postponed until late July/ early August.