D. Mack shared that end of school year results are being calculated and the team will have an updated dashboard in the coming months.

D. Mack shared updates on:

• SY27 Enrollment (Applications, Waitlist, and Re-enrollment)
  • updated applications #: 1500+
  • current total enrollment: 102%
  • updated re-enrollment %: 97% 
• SY27 Hiring
  • strong applicant pool; expect stabalization by July
  • hiring one lead teacher for newly added fifth 4th grade classroom
• Campus Highlights
• Key Data Points SY2020 - SY2026
• Upcoming Major Events

B. Hines and M. Juel-Larsen presented May 2026 financial report:

• May Forecast Update: (nearly $300K jump in net income primarily due to higher than projected revenue from HeART auction donations and student fees, lower food service management costs)
• FY 2026 Income Before Depreciation vs Approved Budget
• 2025-2026 Monthly Cash Balance ($ and days)
• 2025-2026 Grant Drawdown Summary (on schedule; all drawdowns to be completed by June 2026)
• 2025-2026 Balance Sheet Year to Date (A/R movement)
• 2025-2026 SCSC Dashboard (Meets Standard)

Expect unaudited actuals at August 2026 Board meeting (SY27)

B. Hines shared FY27 Budget Revision Update, based on May 2026 public hearings.

• Expecting increase in net income due to 1% revenue increase due to summer school fees, after school fees, and projected fundraising.
• Expense increase due to updated insurance quote.

B. Hines previewed the 5-Year Capital Plan draft that will go to GDOE to utilize earned allotment for school campus improvements through SY2031.

T. Fick nominated J. Keller as her successor for Board Chair position.

D. Mack shared update for ongoing recruitiment process.

T. Fick announced that this is her last official board meeting as Board Chair and Member. She will continue to support transition to new Board Chair through beginning of next school year, capital plan application to GDOE, and status update on plan of action from SCSC feedback regarding one chronically absent board member.