Presented by Christopher King, re: Audit. See attachments. Here is an overview:

• State Single Audit.
• EFS procedures. IRS Form 990 to be filed soon.
• Statement of Financial Position (balance sheet): employee retention tax credit receivable. IRS says the claim is "in process."
• 2024 short-term loan converted to long-term mortgage.
• Cash Flow = Negative
• Statement of Functional Expenses: programs vs. management (can show efficiency )
• General accounting policies
• Credit line and short-term bank loan
• $1,084,864 state funds expected (state per-pupil grant funding)

See attached report. Here are the highlights:

• We're halfway through the school year.
• Open for questions.
• Finance committee waiting to finalize the income versus the expenditures.
• Revised budget forthcoming for February meeting.

Joe White: re: technology policy.

• Discussion re: cell phones and technology use

From Greg Skinner via chat: https://play.google.com/store/apps/details?id=com.nicusa.ctsafe&pcampaignid=web_share

Ginni Block: Revised budget.

• State check is different than the amount expected.
• Revised budget pending information from the state.

Jill Johnson expressed gratitude to the bylaw committee.

• Bylaws finalized.
• p.5: Answers to questions from our attorney to be added.
• Table discussion for next meeting.

Sarah Haynes:

• Employee handbook.
• Requests Board input before sending to our attorney.

Sarah Haynes:

• Summary of most recent meetings (2)
• The feeling is the State was happy with our data and reporting
• Concerns re: attendance
• Gratitude to Joe White for putting the data and the presentation together

Jill Johnson:

• Meeting 1/21 re: assessments and data
• Communication with PLCs forthcoming
• The Charter Renewal process begins again in May 2025
• Reports pending to Accountability and Support Subcommittee

Jill Johnson led a discussion. Key points included:

• Enrollment = 73 students. 3 new students starting 1/27 (Semester 2).
• Open House March 26 for the 2025 - 2026 school year.
• Positive feelings about community outreach

Attendance:

• 40.5% November 
• 51.4% December
• State average c. 19%
• Sending district average c. 30% 

Staffing Update:

• Jeff Sesko returned 1/21
• To be teaching Art and History, co-teaching BLS with Kali Blakeslee
• Erika will teach digital arts.
• Erin will teach concurrent enrollment courses. Funding through EdAdvance to cover partial salary.

Title XIV Update:

• The 2024 version was overturned and converted to the 2020 version.
• Superintendents' meeting is forthcoming and the topic will be discussed in greater detail.

Lori Noto and Sarah Haynes have received applications from 2 students seeking an appointment on the board.

Interviews forthcoming.

Jill requests February meeting moved to February 25.