• The team is working to complete the FY26 financial audit.
• The goal is to submit all outstanding documents to the auditor by Wednesday.
• The SCSC audit submission deadline is November 1.

The committee reviewed the FY27 August financials and discussed the following:

• Expense line items were updated based on current spending.
• Reviewed the status of federal grant funding.
• The school is working closely with its contractor to maximize available funding and ensure all eligible dollars are identified and utilized.
• Ethos ended August with 59 days of cash on hand.
• FY27 salary expenses are tracking close to budget.
• Approximately $60,000 in CSP funding remains.
• July and August spending is lower than the same period in FY26.
• The East Point property tax refund remains pending.
• Reviewed FY27 capital expenditure estimates.
• The FY26 audit is expected to be available by the next Board meeting.

Follow-Up: Continue monitoring expenditures, grant balances, funding opportunities, budget variances, and the outstanding East Point property tax refund.

• Reviewed the five-year capital expenditure program covering SY27–SY31.
• Discussed anticipated capital needs and projected expenditures over the five-year period.

• Provided an update on the FY27 health insurance program.

Follow-Up: Document any decisions, next steps, financial impact, or outstanding items related to health insurance.