• Contractors are developing 4–5 rooms for readiness for next school year 
• Paint, small improvements too 
• SCSC is requesting weekly facilities updates 

According to the April Financial Statements: 

• 78% of budgeted personnel expenditures have been accounted for
• 70% of benefits and insurance expenditures have been accounted for. 
• The spending target at the end of April would be approximately 83%. This means we aren't overspending on personnel after ten months of operation this fiscal year.
• Currently zero vacancies for the 2023–2024 school year.
• Currently one position that needs to be filled for the 2024–2025 school year. 
  • The remaining position is in the Personalized Learning Department.
  • Requesting to make an offer letter for an Office Coordinator and Science teacher (will address in the next Executive Committee session) 

• First read of a staffing report template provided by HR consultant 
  • First read of a staffing report template provided by HR consultant 

• First read of the employee handbook 
  • (Operations Committee will review/revise in coordination with Dr. PT)

Dr. PT is recommending two vendors for a board vote: 

• Transportation recommendation: Unit 221 (existing vendor)  
  • Cost-savings, offers a bus route as part of a plan 
  • Plan doesn't include a bus monitor 
    • Should consider this need in our budget 
    • Public comment: parent volunteer could work 
• Furniture recommendation: Lakeshore Learning (new vendor)  
  • Need to purchase desks, tables and chairs, some bookshelves
  • Couches, lounge items 
• Dr. PT and the Finance Committee will follow up on bus monitoring costs using Unit 221 

Summary of topics/focuses from the last Operations Committee meeting: 

• Facilities protocol: school safety and security 
• Re-enrollment: making sure numbers are updated and accurate 
• Staffing: adequate staffing and subsequent policies 
• CPF performance framework: need to create policies to firm this up 

• Submitted 170 enrolled students for SCSC funding (beginning in August) 
• Goal is to reach 180 students enrolled by October

• Dashboard is still being developed by Finance Committee
• Dr. Gregory recommends a weekly cadence for updating enrollment dashboard 
• Board also appreciates the idea of year-to-date growth to see enrollment trends 

• Net $4K increase to projected operating income 
• Ended April with $396K — projected to end FY24 with $13K, 2 DCOH 
  • Property manager hasn't been depositing checks consistently 
    • EdTech has built this discrepancy into our cash flow projections 
    • Laura asked Dr. PT for a letter and will work with landlord directly
• $67.5K will be spent on facilities in June 
• Planning one CSP reimbursement on 5/24 for ~$44K, second on 6/11 for between $70–110K, depending on actual expenses  
• FY25 projected cash flow - 170 enrollment 
  • Additional $140K from CSP reimbursements not sufficient for positive cash
• Board is deferring vote on annual budget until June 

• Missed an SCSC deadline to submit auditor recommendation 
• Will vote on auditor recommended by the Finance Committee 

• We've reduced our initial scope of work to 4 spaces (from original plan of 8)  
• LIIF underwriting is paused 
• Dr. Gregory recommends we receive a Winter update on costs from the Finance Committee before deciding to cancel underwriting with LIIF 

No public comment

• Still being developed for a June board vote 

• Academic Committee will review and revise in next committee meeting, to prepare for a June board vote 

• Deferred

• Fundraising happy hour at The Commerce Club on May 2 
  • Raised a little over $900 from ticket sales 
  • Shared more about the school, building awareness and community 
• Developing an integrated fundraising calendar 

• Raised just under $3,000 

Parent appreciates the work being done by The Anchor School staff and the board