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E Rangel: In May, lots of field trips - zoo, roller skating! And school assessments. One of our teachers, Mr. Keys, was interviewed by the Walton Family Foundation about the state of education. We also held a kindergarten promotion. Our girl's flag football team was undefeated until the championship game. 

ER: We are in the home stretch. We have been meeting with the steering committee, looking at 3-4 potential growth paths. That group will finalize the strategy that will be presented to the board in August. It will end with a handover meeting to put a plan in place to engage the plan. 

J Habayeb: This is a zoomed-out version of our budget. We have two income lines in our budget - one if we hit minimum enrollment, and one if we hit higher enrollment goals. We are cash-positive in both situations.  

There are several areas where our revenue is remaining flat or declining due to new legislation. SPED and MLL, as well as textbook and facilities funding, are decreasing. This leads to less revenue. 

Some budget lines are higher, like field trip support and staff professional development. There is also transportation increase for family support. 

Operations Levy: $129,976.31 - The entirety will be spent on facilities and transportation. There will not be an anticipated  balance as of 6.30.26

JH: This is something we have talked about for a long time, but this is the first big update since starting. We needed to customize it towards us and what works for a school our size. There were lots of changes, the executive summary shows the big bucket approvals. 

- Shifting signing approvals, increasing amounts 

- Change in invoice approvals for contracts that have already been approved 

The intent is to cut down on the amount of time spent on paperwork, but to keep the board's eyes on spending. 

The other change is in capitalization - raised from $5k to $10k in line with IPS and SBOA guidance. 

Addition of a cash change fund (cash box), adding in a clear trail of the cash and paperwork policies. 

Audit updates: No recommendations or findings yet. They will do one more final check in the fall at the end of our fiscal year. 

Lilly Endowment funding: We have been approved for phase 1 & 2, and we are waiting on word for phase 3

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N Frech: One critical event for the board to attend to - The CEO evaluation due on June 30th. Please prioritize that feedback by 6/27. Send feedback to Nelson. 

We have a proposed candidate for the board - Looking for approval in August. 

No formal report - ILEARN and IREAD data are embargoed. Formal report in August. 

Proposing: The one-year wait time period for board members's return can be waived when given approval by the board 

BB: So the board member could immediately return to the board and serve another three years? 

NF: Currently, there are two three year terms, then a one year waiting period, then another set of terms. Proposed: That waiting period could be waived if approved by the board. 

Board's evaluation of the CEO due, June 30th

A number of other pieces of documentation, due on July 1st - Brendan will be sending around s a few documents for e-signature.