Aleisa Howell of Mauldin and Jenkins presented a DRAFT Financial Audit report for FY23 to the committee. The final report will be completed by October 31, 2023. The auditors are planning on issuing a clean unmodified opinion over the ANCS financial statements and compliance. 

Chiquetta West provided an update on the school's financial performance, revenue and expenditures through September 30, 2023. 

The committee discussed the improvement in collections efforts of delinquent accounts in aftercare and nutrition programs since last month. 

Chiquetta West provided an update on the Certificate of Deposit (CD) that matured on October 11th with the Self-Help Credit Union. The proceeds of the CD ($253k) were rolled into ANCS"s checking account and will be moved to Edward Jones.

Chiquetta West provided an update on the Health Benefits renewal process. There is no change to the dental and vision insurance premiums with Guardian. The management team is meeting with the insurance broker USI to discuss the medical coverage provided by Cigna. 

In addition, the team is planning on taking a wider look at the insurance broker marketplace next year well ahead of the open enrollment. 

Alastair Pullen provided an update on the planned installation of a wheelchair lift at the MC. The school is soliciting quotes for such installation to be completed by the end of the calendar year. The school will also look into any potential facilities grants for this specific improvement.  

Irina Brimmell proposed a process to review the Finance and Operations policies document through a series of working sessions with the Committee Members, followed by a review by the leadership team. The work is expected to be completed by the end of the calendar year.