• $100k of building expenses that we will get reimbursed through our loan; B. Hines requested that change be made in forecast in advance of BoD meeting on 10/26
• B.Hines requested C. Quick come to next BoD meeting; E Castillo Leon will ask his availability for either Oct or Nov

D. Cembrola gave the financial report.

• $101k decrease to projected operating income vs budget, driven by (1) personnel (2) building/construction/property. 377 more expenses forecast; also 276 more revenue forecast, for net $101.  
• This will be reduced as $100k for modulars within purchased property services will be reimbursed through loan, which will then rebalance forecast to budget.
• Personnel is higher as we moved janitorial services to staff from contracted, an additional instructional personnel, and higher than anticipated offers for new staff.
• Reviewed key metrics; noted uncategorized expense higher than target, but due to timing of Fall break (staff off last week and not caught up as of this week)

• B. Hines requested an update on audit progress; D. Cembrola advised all requests had been delivered to auditor; November 1 final deadline, but there may be further requests from auditor so staff is at the ready.
• Committee discussed 2022 auditor selection process.