Chiquetta West provided an update on the school's financial performance, revenue and expenditures through October 31, 2023.

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 Self-Help's Money Market account and combined with the existing balance of $113k. The total amount of these funds will be transfered to the Edward Jones Money Market account in November.

Alastair Pullen provided an update on the Health Benefits renewal process. While the dental and vision premiums remained flat versus last year, the health insurance premiums saw a significant increase second year in the row ($150k for 2023 and $173k for 2024). ANCS made a decision to absorb 80% of the total increase and pass the remaining 20% to the employees. 

Alastair Pullen provided an update on the planned installation of a wheelchair lift at the MC. The final quote is $30k and ANCS submitted this expense for reimbursement through the Cares funds. The school is also in discussions with APS on the installation of the security vestibule at the EC at APS's expense within the next 12-18 months. 

Irina Brimmell provided an update on the Finance and Operations policies document review process. The committee members target early December to compile a marked up draft for the Business Office's review. The work is expected to be completed by the end of the calendar year.