Accounting vendor, Vertex, provides previous month’s final/audited financial reports 10 business days in the following month. This report lag does not align with 2nd Monday scheduled Finance Committee meetings.

Committee members and Board Chairs reviewed the Vertex calendar and agreed to change the Finance Committee meetings from 2nd Mondays at 5:30 pm to Fridays at 1:00 pm on the dates that conflict with Vertex’s calendar. 
 

Finance Committee will also meet on 3rd Mondays at 5:30 pm followed by Board Meeting on 3rd Mondays at 7:00 pm.

This will allow all members to attend the monthly Board Meeting and review previous month’s reporting instead of reviewing data 2 months in arrears. 

The updated meeting cadence will be published to Board on Track and announced to SCSC for governance. 

Board Chair W. Newman-Johnson reminded members of the mandatory 2027 SCSC governance training, Feb 10-11th and encouraged cross committee participation for 1st Monday governance committee meetings.

Chair proposed Executive Board meetings once per month for officers on the board to plan, connect, and develop professionally. Meeting cadence TBD. 

There are currently 167 students enrolled for the FY26-27 school year, against the projected 200. 
 

The annual enrollment audit is scheduled in October 2027, where the school can reasonably expect to be penalized for lower than projected enrollment.