1. As of August 31, 2025, the school realized an operating change in net assets of # $151,816 as compared to the budgeted $169,817. 
2. Above assets excluded Depreciation.
3. Variances are seen in most of the expenses and revenues, which are primarily due to timing. 
4. There were a few questions from the Auditors that were addressed, and details were provided to the auditors. 
5. Audit is about 90% done. Findings will be first reviewed in the next Finance committee meeting, and then highlights will be provided to the Board (expected in October).
6. Data has to be uploaded into DES, and Elisabeth needs to be designated as a school business representative, to upload the data.
7. Tuition Rates, slightly lower than budget, but the rates fluctuate. 
8. The school has $1.94M in cash, including Money Market account. $1.01 of this cash will be re-invested into Treasury Direct. (Marc will ensure that this is done by October. 
9. As of June 30, the school has 128 days cash on hand. This includes the temporarily released funds from Treasury Direct. This results in a green status on the DESE dashboard. 60 days is the minimum for a “green” rating.  
10. The Foundation currently has Assets totaling $2.10, including.
11. $148K in cash + investments
12. $1.83M in Fixed Assets

Next meeting October 20, 2025, 5:00 Pm Via teams