Enrollment

K-46

1-36

2-25

3-18

Re-enrollment deadline is March 31

Total applications submitted=83

Total outstanding applications=102

Attendance-overall steady

K-88.5% (down 2% from last month)

1st-94.7

2nd-93.6

3rd-90.5

Hiring

For 4th grade teacher

Looking for Montessori Coach

All staff invited to return are returning

May need additional K and 1st grade teacher-TBD by enrollment

Suspensions

1-OSS

Testing

3rd graders preparing for Milestones in April and May

PTO continues to support with schoolwide events and recruitment

 Takeoff celebration in February

  Black Wall Street during Black History Month

  Upcoming field trips

Curriculum

Making some changes/modifications

Wonders curriculum/science-will be discussed in more detail during April Academic meeting

Special Education

Down 3% from last month

504 plan-7 students (most in 1st grade)

ESOL-4 students (2 pending)

New Special Ed teacher starting next week (classroom families have been informed)

Speech services-26 students (up by 5)

Occupational therapy-15 students (up by 3)

Gifted-7 students

Below is a summary of our financials for February 2025.

Financial Overview

·       Funds Received: $269,832

·       Expenses: $261,541

o   Salaries: $93,574

o   Benefits: $26,260

o   Professional Services: $28,588

o   Building Services: $47,476

o  Administrative Services: $10,109

o  Legal Fees: $22,164

o   Supplies: $2,038

·       Positive Cash Flow: $8,291

·       Ending Balance of Operating Account: $783,051

Future Projections

·        YTD Revenue is $517,127 lower than budget

·        YTD expenses is $269,275 lower than budget

·        Projected Ending Cash Balances:

o  June 2025: $248,650

·       Cash on Hand: 95 days as of February 2025, projected to range between 84 and 30 days through June 2025.

We are projected to have a positive cash balance and meet performance standards through June 2025.

Budget for SY 25-26 needs to be approved and sent to SCSC by June 1. Sarah Harvey presented draft budget along with Candace Ramsey.

Board asked questions about the impact of facilities on the budget and specifically around how enrollment will impact it. Board went through specific line items (teacher appreciation, student uniforms, special education services) to see where there could be cost saving measures.

$1.5 million needed to renovate 2nd floor

Back and forth negotiations with CSDC to determine whether funding available

  They are comfortable going up to $800K

   Contractor unable to do what's needed for that amount

   Trying to determine if enrollment needs to be capped for now due to lack of space

   Discussed what those changes look like with CFO

Discussed possibility of knocking down gym instead to accommodate growth

   Putting modular in the spot-$200K; 12k/month rent; has to be leased for 2 years 

   This is an alternative to renovating 2nd floor to put Sankofa on better financial footing to get funding for 2nd floor later

Based on enrollment numbers we are over-enrolled if additional space is not added

   Current families have to re-enroll by March 31 otherwise go on waitlist

What happens if we are unable to grow based on facilities/effect on charter?  Sarah learned there is a school that recently received a conditional renewal based on lack of growth due to facilities limitation.  Sarah needs to see where enrollment is after the year begins then have a discussion with SCSC to determine next steps.

WCS update

They have not reached out

No updates at this time

No plans submitted

Board member terms are 3 years

We are coming to the end of our terms

Adrienne will send out a survey to the Board to learn everyone's intentions for the new Board term

   Want to remain on the Board

    If an officer, do you want to keep your position

Survey needs to be completed before the next Governance committee meeting on April 10

    Are you interested in an officer position

Also send potential candidate for Board membership to Kim or Sarah

It's important that we begin the vetting process as soon as possible so that new Board members can begin with the new school year

Public invited to present their ideas and or questions on the draft budget. 

No public comments

Reminder that all Board members need to obtain governance training by June 30 to be in compliance

If you have received your certificates of training, send to Errika (keeping a master folder)

Looking to other resources for training (ex. coming to a Board meeting) to make sure we can get everything covered