GGA Graduation: Friday, June 5; special invitations forthcoming

Doors open at 10:30 to the public; start promptly at 11a

Next Board Meeting: Tuesday, June 23rd

Academic Intervention: Dr. O'Neal is teaching Geometry; the material was on the DC CAPE test, and the students were thrilled by this connection!

ASPIRE

Final condition from DCPCSB: meet level 3 or higher on ASPIRE framework

Improved on both school-specific measures (Extracurricular Engagement and Family Engagement), 9th Grade on Track, college and career acceptance.

Goal is always to improve 4-year ACGR -- the number of students graduating in 4 years.

Enrollment: 70%, 3% higher than last year at this time

Currently at 140 enrolled.

Goal to enroll 200 students; must enroll 195 students (contingency for this level of enrollment in the FY27 budget)

Grade 12 enrollment already met

Enrollment team focusing on 10th and 11th grade now

All seats have been offered, now waiting for them to complete paperwork

IB and Pathways

Pathways Steering Committee

• Industry professionals, staff/faculty, parents, students: how well are we doing to prepare our students for college and career?

Currently in phase 2: all resumes gathered, 28 candidates, screening candidates

Phase 3: end of this week or next: interviews

Phase 4: Performance Task completion and interview with Karen Venable-Croft

Phase 5: Debrief and hire

References contacted before making an offer; collected and contacted between phases 3 and 4. 

This is a requirement of the landlord in order to negotiate rent credits

Application was accepted

Now in the process of submitting the 14 items from the checklist that GGA is responsible for

Closing date for Credit Enhancement is May 22, 2026

Pro Bono counsel suggested finding lawyer with commercial banking transaction expertise to review the materials and support the delivery of the materials. Karen Venable-Croft is accepting names and contacts. 

4 priorities for FY27 budget:

Culture of sisterhood, academic acceleration, talent development, and operational finances

Financial Goals for the Budget: key metrics that guide fiscal health at GGA

• Operating Net Income
• Gross Margin
• Cash Flow
• Cash on Hand

FY27 Assumptions

• Enrollment of 200 students
• Student Funding: 2.55% UPSFF increase
• Facilities: 3.1% increase aligned to lease obligations
• Federal Grants: Increase in Title I funding
• Private Grants: $75k
• Staffing: 42.5 FTEs + security contract
• Salary growth: 3% increases in line with pay scale
• Debt: 3-year OSSE lease extension at 1% interest
• Debt Payroll: OSSE balloon payment paid down June 2030
• Inflation: 2.75%

Operating Budget

$7.52M revenue

• $6.84M state and local (enrollment of students)
• $0.5M federal revenue
• $0.17M grants and earned fees

Expenses

• Salaries: by far the highest expenses 47.1% of total expense budget
• Next largest expense is Rent at 14.5% of total expense budget

Why Enrollment Matters: retention and recruitment drive 92% of revenue

• makes up how we get our funding
• 200 student enrollment
• 65% at-risk
• 26% students with IEP
• 6% MLL (Multi-language learners)

Staffing Plan the Collaboration

• Bringing staffing to full-staff level: 42.5 FTEs + Contract Security position

Key Takeaways

• Building Sustainability
• Academic Prioritization
• Strategic Staffing Investment
• Enrollment = Financial Health

Covered above in ED report
 

In an effort to inform our FY27 Budget, we made a number of adjustments to our EOY
FY26 projections. All the adjustments are based on our best estimate of both revenue and
expenses at year end. I'm thrilled to report on our very strong anticipated EOY cash
position.

Highlights
End of Year Days of Cash: 138 (Budget 107)
End of Year Cash Balance: $2.45M (Budget: $1.69M)
DSCR: 9.29 (Budget 2.91)

Revenue
• $89k increase
◦ $101k increase in Per-Pupil funding from our final student count and
Supplemental payments
◦ $9k increase in Federal Revenue - Perkins Grant mainly offset by Title
funds pushed to FY27 and a slight reduction in Medicaid and E-Rate
estimates
◦ $13k decrease in Private Grants & Donations to align with EOY estimates
◦ $5k increase in Earned Fees due to bank interest
◦ $10k decrease in Rental Revenue - to remain more conservative

Expenses
• $23k decrease in overall staffing costs based on current staffing
• $24k decrease in Occupancy costs based on building needs/trends
• $7k decrease in Direct Student expenses as we adjust to actuals/anticipated
needs
• $77k decrease in Office & Business primarily due to our consulting contracts
 

Debt Disclaimer: We currently have a balloon payment of $1.8M scheduled for June
2027. We intend to seek a 2-3 year loan extension from OSSE beginning next
December. In the meantime, we continue working towards building out our cash
reserves. This year we project increasing our cash position by over $0.7M.

Please see the attached file projecting a full loan payout at the end of next fiscal
year. Although we do not plan to submit this budget to OSSE and the PCSB, we will
continue working toward our goal of building out cash for our balloon payment.

Assumptions for FY27 budget mentioned above in Karen's report.

Required for Chair to sign on behalf of the Board. We need to vote to approve Andria being able to sign on our behalf.

Contracts over $25k, highlighted in green are ready to be voted on:

• Red Rabbit
• EdOps
• EdOps Data
• DCPCSB
• SB & Company LLC
• ATPS Security
• United Limo
• Teach for America

FYI: https://drive.google.com/file/d/1F_dJLNqj2dZ3anIh1aLWWCvMQBejVE-y/view?usp=sharing

Ricardo will update Investment Policy within the Financial Policies over the next month; the updates will be presented for review and vote in June Board Meeting.

Draft of revised bylaws and memo explaining those revisions.

Will vote on this during June meeting.

June board meeting June 23rd.

Graduation is June 5th.