Michelle presented annual calendar.  Brian noted that we might meet to discuss enrollment more in depth in October as the year progresses and as we gain more information.

Brian presented information on current enrollment.  We are at 370 students and budgeted 390.  Last year at this time we were in the midday 380s.  We are surveying students and gathering data.  Enrollment is down in charters and in traditional districts.  Parker ambassadors are already working.  We are looking at the potential October lottery and a midyear lottery if needed.  Looking at data on applications, withdrawals, and those that did not accept offers,  Will plan strategies from there. 

Michelle explained that we do have some expense savings in staffing and benefits as well as additional facilities aid revenue. 

Frank Serreti from Powers and Sullivan joined to present the audit. Frank explained the audit process noting that no changes were made to the financial as presented by management and that no disagreements were had with management.  Franks explained that because Parker's account operation is very small, Parker has opted for a midyear review.  During the midyear the firm reviews bank reconciliations, does payroll testing, looks at grant activity, and reviews interim financials.  Frank noted that the year-end financial package ready to go for the audit the second week of August.  Procedures and reconciliations happen during the year allowing for a smooth and accurate audit, The audit result is a clean opinion / unmodified.  The audit found no issues or control deficiencies, Frank explained that combining statements included as Sizer is closely related MD&A covers variances from budget and is written by school management. Michelle explained the reserve funds uses in accordance with school fiscal policy.  The committee agreed to the audit as presented and agreed to present to the Board.