Ellen Sturgis was introduced as a potential new member.  Ellen is presently on the Parker Board of Trustees and bring a strong financial background. 

Michelle and Brian presented preliminary information about the FY26 tuition revenue budget.  Michelle mentioned that revenue for next year may come in on the lower side.  Preliminary information is in the 1-2% inflation range.  The committee agreed to 390 students at 1.5% inflation as a starting point for FY226 revenue planning.

Brian and Michelle discuss the desire to offer staff bonuses out of FY25 operating surplus caused by the 20 additional unbudgeted students.   Brian explained that the preferences was for bonuses rather than salary adjustments as we are off cycle with the FY26 budget and want to be conservative and not lock ourselves into salary adjustments that we can not match for FY26. The committee discussed that we could be more aggressive and offer higher bonuses.  The committee also discussed the options of splitting the bonus between bonus and salary adjustments.   Brian explained that the staff compensation committee back the bonus option and agree to allocate based on idea of closing the compensation gap between Parker salaries and that of the local sending districts.  

Brian introduced a new organizational chart intended to support the work of rolling out the Strategic Plan initiatives.  The org chart creates two new positions, one focused on Deveolpment support and the other a principal.  The positions would be funded out of reserves initially but should ultimately be self-sustaining.  The committee discussed the idea of potentially approving the funding from reserves on an annual basis.   

Michelle explained that the audit firm reached out saying that they could not honor the $1500 pricing form a full mid-year review given their recent merger with CBIZ.  Michelle was going to follow-up with the to ask them to honor the contract but also look at other firms.