The Finance Committee reviewed and discussed the following financial items related to the track project and overall financial position:

• Budget vs. Actual Review
• Snapshot
• YTD Expense Ratio
• SCSC Comprehensive Framework
• Cash on Hand
• Rental Payments
• Budget Amendments for FY26

Next Steps / Actions

• Finance Committee to continue monitoring budget performance and cash position.
• Recommended budget amendments will be brought forward for formal board action as required.

The Finance Committee received an enrollment update including:

• Current enrollment status
• Year-over-year trends
• Projections for the 2026–2027 academic year
• Retention & Recruitment Focus

Next Steps

• Leadership will continue to monitor enrollment trends closely.
• Updated projections and retention strategies will be shared as data continue to develop.

The Finance Comittee received an update on staffing and hiring considerations for FY 2026, with discussion focused on aligning decisions with enrollment trends, financial sustainability, and instructional priorities.

The Finance Committee reviewed updates related to compensation schedules and employer benefits, including recent changes and reconciliation activities. 

• The Board reviewed employer benefits, including coverage levels and associated costs.
• TRS updates were presented, including recent reconciliation activity.

Next Steps

• The Finance Commitee will continue to monitor employee costs.
• Any recommended changes to compensation or benefits will be brought forward for Board review and approval, as appropriate.

The Finance Committee discussed fundraising strategy and is considering the reintroduction of the “Power of 25” campaign.

The Finance Committee received an update on facility planning priorities, including current and anticipated engagement with external facility partners.