Director Amanda Johnson gave a brief overview of progress since the last board meeting and shared that more updates would be available in the next board meeting including a full report on accountability data from the last school year. She also encouraged all board members to visit the school ahead of the next board meeting.  

Katie Wise, GT3, provided an overview of the school's finances reflecting activity to August 30, 2026. She expressed that a budget reforecast is needed and is in the works due to low enrollment. While the expenses have been within budget to date, the budget will need to be lowered significantly due to lower than expected student enrollment. 

Katie also shared an update on the FY26 financial audit as well which is nearing completion and will be provided to the full board in the coming week once finalized. After the initial review of the draft audit, Clarksdale Collegiate will have a clean audit for FY26.  

Rob Tate, Level Field Partners, shared a brief Facility Task Force update with the board. Since the last board meeting the task force interviewed construction firms through the RFP process and selected Montgomery Martin for the project. In the coming weeks, we will get the architects and construction firms together to move forward with schematic design.

LFP will continue updating the financial model based on the budget reforecast for FY27 and will work with our financing partners to better understand our affordability and NMTC allocation sizing. We will also use the updated financial model to set appropriate fundraising targets to inform the capital campaign.  

No public comments.

The next board meeting is scheduled for Monday, October 26th at 5:30 pm. The October meeting will be a full meeting and board members should expect to meet for the entire 90 minutes.