Financial Position
• The month closed in a surplus.
• Current budget reflects 30+ days of cash on hand.

Budget Status
• Committee reviewed financial statement snapshot and budget-to-actuals with the CFO. 
• A budget amendment is planned to align with updated state funding and operational priorities.
• FY26 Staffing will remain under review in conjunction with available resources.

• Grant reimbursements are pending.
 

Facilities & Financing
• Committee is evaluating opportunities for facility cost savings where appropriate.

Debt Position & Long-Range Planning
• Debt metrics are being monitored against authorizer sustainability benchmarks.
• A financial projection exercise is in development to support planning for upcoming fiscal years.

Procurement & Vendor Review
• All vendor contracts will undergo routine evaluation to ensure alignment with financial goals and efficiency standards.

The Finance Committee discussed the FY26 budget amendment planning schedule and key milestones to ensure alignment with enrollment, funding projections, and operational priorities.

The Board reviewed the 6-month FY26 enrollment report and discussed strategies to maximize enrollment in alignment with updated QBE funding. 

• Ensuring the staffing model supports any anticipated FY26 funding adjustment
• Evaluating enrollment growth strategies to optimize FTE impact

Next Steps:

The Board will continue to monitor enrollment trends closely and review staffing alignment as part of the FY26 amended budget process and FY27 enrollment projections. 

The Committee discussed the current staffing structure while ensuring appropriate support for student services and operational priorities. 

The Board discussed priorities for the CFO to incorporate into the FY27 planning framework. Key areas of focus include:

• Academic programming.
• Mental health and counseling support.
• Expansion of exploratory and enrichment classes.

• Facility Capacity 

The Committee discussed administrative leave practices and balances. 
• The Committee will consider a draft payout policy to recommend to the full board. 

The CFO will complete the end-of-year review of the TRS balance and provide the Finance Committee with the update.

A meeting will be scheduled with the benefits broker to review contribution structures and end-of-year review. 

• The Food & Nutrition program is currently operating at a deficit due to a higher percentage of students qualifying for free meals.
• The Finance Committee reviewed expenses vs. reimbursement levels.
  • Discussed strategies to improve participation in the paid and reduced categories.

CFO Recommendation:
• Continue monitoring monthly financial performance and cost efficiencies
• Address impacts in the FY26 budget amendment

Senior Director of Operations recommended the school move forward in the SFA approval process.

The Committee will continue exploring unrestricted grant opportunities and external funding networks.

The Finance Committee is exploring potential facility partners to discuss short partnership options.

The Finance Committee is exploring potential facility partners to discuss both short- and long-term partnership options.