The approval of minutes was delayed until the next meeting.

Ms. Abdullah recognized Mr. Willie Davis, Chief School Finance Officer. Mr. Davis shared the proposed 2022-2023 school budget. He reported that 95% of Legacy Prep comes from state and federal funding, with a smaller portion coming from Title funds and donations. The previous increase in matching employees' IRA contributions at 6% at a cost of approximately $56,000 annually is included in the budget. Questions were entertained. He explained how teacher units are paid for by the state. He said that total expenditures should equal $3,471,562.00 with an expected surplus of $350,000. He explained that this will be a tight budget and we must spend carefully. He also reported on LP current debt, which includes a Line of Credit, Furniture bill, a loan and credit card. Daniel Payne has also requested a rate increase.  Mr. Davis said that we have a money market account that is incurring a $27/month fee. The Board gave him a verbal approval to close the account.

Dr. Reneta Johnson, Head of School, updated the Board on finalizing the 2022-23 registration and gave average daily membership/attendance numbers.  Dr. Johnson said that our average daily attendance is 403.

The Board postponed the vote on the 2022-23 salary schedule.