Michelle presented the FY24 Q3 dashboard.  Michelle explained that year-end results will be very tight, but we may not need to use reserves to fund the unbudgeted budget per pupil tuition revenue lost by the lower student head count.   We had enough cushion in the budgeted and also have board approval to use up to $40k from the reserve funds on recruitment and marketing efforts.  Michelle also explained that the sidewalk project bids came in above budget so the project is on hold and may resume in the fall.  The committee unanimously endorsed using $75k of capital reserve funds toward placing window air conditioning units in the remaining classroom windows that are not presently airconditioned.  

Committee reviewed the policies.  Michelle reviewed TD's credit rating as required.  Michelle also summarized for the committee where all school cash funds are held.  The committee agreed that since the sidewalk project is on hold, it makes sense to renew the CD maturing in June for an additional 6 month term.

Committe reviewed the mid year review letter.  No areas of focus for the year end audit were noted.