Refer to attendance information recorded above.

No public comments were made at this time.

S.Budhraja, Chief Financial Officer, presented the information on the budget study which included financial planning into next year. The projections are for 2023-24 with information gathered from California's Governor January proposal. He went over the enrollment projections and estimates based on School Mint and CALPADS data. He went over each school site's enrollment, revenues, expenditures, surpluses, ending fund balance, incorporation of cost of living adjustment and planning considerations including staff count and school site's lease payments. He added that the forecast projections assumes that MPS use up all of the one-time federal ESSER money that will be depleted in 2023-24. Board members questions were discussed and addressed with staff. A.Rubalcava, CEO & Superintendent, added insight on ongoing trends and more context on school sites budgets. Board members expressed the need for staff to provide a student-staff ratio per school site. 

S.Budhraja, Chief Financial Officer, clarified that the intention is not to withdraw from CharterSAFE, but to have the ability to see other coverages elsewhere as the rates for CharterSAFE have gone up significantly. The amount of claims are not much as Human Resources and school sites handle workers compensation and property & liability fairly well. MPS will continue in doing its due diligence in risk management and the resolution with simply allow MPS to see insurances from other companies. Board members questions were addressed by staff. 

This item was removed during the Approval of Agenda.