CSP Grant Award and Budget Revisions

• The school has officially been awarded the CSP (Charter Schools Program) Grant.
• The initial budgets were submitted but required revisions following CSP review.
• Several items originally included were not allowable under CSP guidelines, specifically:
• Any expenses involving subscriptions or renewals
• Examples: PowerSchool renewal or academic tool renewals in Year Two
• These non-allowable expenses were removed, and the budget was resubmitted.

Request to Reallocate Year Three Funds

• A request was made to move forty thousand dollars from Year Three of the grant into Year One.
• This adjustment is essential because the school requires additional financial support before opening, rather than in the third year of the grant period.
• The revised budget has been returned to the CSP office.
• The school is currently awaiting approval or notification of any additional revisions.

Civic Partnership

• The school is waiting to receive a term sheet from Civic regarding the property under consideration.
• The term sheet is expected before the end of December.
• Leadership continues to engage in discussions with Civic as part of the facilities planning process.

Alternative Facility Option: St. Elizabeth’s

• Civic also advised that if the current site options do not progress or present complications, the school may consider revisiting St. Elizabeth’s as a potential facility.
• This will only be pursued if necessary due to facility constraints.