Read by A. Chavarria

Agenda amended to move presentation to future date

No Public Comment Given

Presented by J. Strickland from Copper Advisers

YTD Revenue 4.7mil

YTD Expense 5.2mil

Days Cash on Hand 23.71

Unrestricted 347k slightly better than last month. 289k in money market account, still waiting for clarity from USDA for what needs to stay in money market account.

M. Thompson- asked what days cash on hand is, and if the money market account was interest bearing.

J. Strickland- Days Cash on Hand 23.71, and yes the account is interest bearing, but it's not fantastic, so have been looking at better options

Revenue: 4,763,193

Local Revenue 426,878

State EIA Funding 4,208,996

Federal Funding 127,230

Sara and Rose doing great job to get state and local funding funds, nearly done claiming federal funding 

Expenses 5,228,795

YTD Instruction 2,733,083

YTD Net Income (465, 602)

Upcoming watch list

-Clear out federal fundings

-Make sure upcoming budget is good

M. Thompson- would it be better for us to leave the money in the money market account if it is bearing interest 

J. Strickland- yes that is something we can look at in the future

Presented by M. Watkins

Facilities Report Attached

Termite Bond:

M. Thompson- do we have any requirements for our insurance?

M. Watkins- not to my knowledge, will look into it

A. Chavarria- what was the 10-year cost?

M. Watkins-on the phone told more than annual but didn't give actual numbers.

Will put the numbers on the facilities report and send the updated report

RFP Process Report presented by M. Watkins

Created an RFP that went out, based on procurement policy, on our website. Our procurement policy only requires us to post on our website

Had company recommended by Copper Advisers, our current provider, and one other provide bids. None of the proposals included pricing. 

At Finance Meeting G. Alexander recommended another company to have bid 

Should put on STEVO to get more bids-put on today, looking to get true proposals

Created RFP and had lawyer look it over.

Was told there is a paragraph in RFP that went out preventing bidders from approaching insurance companies and providing quotes, no way to build apple to apple because they don't have an unredacted insurance information. 

Typical process we would have one Broker and they would go to market for us (they would be approaching the insurance companies for us). Insurance companies will typically only work with one broker and shut out all other brokers. 

Timeline that we gave people was unrealistic, typically takes 90 to 120 days

Presented by S. Fox

Last meeting it was decided to leave in my hands, not really something that I wanted to do, but after last budget meeting it is something the board wants us to do. Have reached out to Misty Shipley from First Federal

Presented by S. Fox

Report Attached

Presented by A. Wright

Haven't met in the last month, will be reaching out to members to set up July meeting

Budget needs to be approved by 6-30-26.

Language for agenda second reading vote is approval of budget. Once second reading is voted approved the budget is approved. 

Presented by G. Alexander

Discussed scheduling Board Retreat- will discuss further when we have new board members on board and more board members in attendance. 

G. Alexander thanked Matt Thompson for his diligence with the budget and finance for the school.