• In K, opened and offered 45 seats, and 40 current seats enrolled 
• In 1st, opened and offered 50 seats, and 49 current seats enrolled 
• In 2nd, opened and offered 25 seats, and 32 current seats enrolled 
• In 3rd, opened and offered 25 seats, and 29 current seats enrolled 
• In 4th, opened and offered 25 seats, and 30 current seats enrolled 
• In 5th, opened and offered 25 seats, and 19 current seats enrolled 
• In 6th, opened and offered 25 seats, and 22 current seats enrolled 

EVA will report to the commission numbers by May 15 and have to remain within 8% variance to get approval from the commission 

• Version 1 of SY26 Org Chart accounted for 10 teachers, 4 leaders but updated Org Chart has eliminated the DOO position to operate on a more lean budget and now there are 12 teachers, 3 leaders
• Next Step: MF will look at the DOO position and determine how those responsibilities will be allocated amongst three remaining leaders (Head of School, Academic Dean, and Dean of Students)
• Next Step: List out all contracted services for SY26 and the cost of those contracts

Cash Flow Updates: 

• Impacted cash flow over the summer because of the adjustments that happened March based on enrollment for SY24
• Adjustments have been made, and there is an agreement with the landlord to help sure up cash flow through the summer prior to SY25
• To remain cash flow positive for the summer, we will need to transfer the balance from the fundraising account to the school account 

• Field Day - May 15
  • All Day
  • Asking for board volunteers, please email ahead of time 
• EOY Ceremony - May 23  
  • 10-12p
  • Award Ceremony and Stepping Up Event for Kindergartens 

Takeaways from SCSC training: 

• KR: Adding more committees to support the work of an expanding board and school 
• WS: Every school in the first year has a rough time, and the training assured me that we are on the right track 

Takeaways from GSS training: 

• AS: We are doing better than we think
• NB: Thinking about systems, we have to look at data, ask questions, and give feedback 

No Comment

Brief Overview of the Budget: 

• Revenue Projections - In the last few days, guidance was received that adjusted the budget, and the back-end provider conservatively adjusted the budget to reflect that information. This budget also does not show EIP numbers, but we are optimistic that we will receive that money in SY26.
• Expenses—We want to come into SY26 very lean, with staff reductions and reduced expenses. In October, we will revisit some of these reductions. 
• Net Income - $145,053

Priorities for SY26:

• Accounting for a SPED teacher in the budget to support the growth of the school and the students' needs 
• No cuts on instructional or academic priorities 

Next Steps: 

• Public Hearing 2 - June 21
• Making minor edits to the budget to ensure that it is ready for the June 21 meeting and vote

No comment.