Vince reminded members that signed conflict of interest policies must be submitted by tomorrow to meet SCSC monitoring deadlines.

Brian King reported current enrollment is hovering between 160 and 162 students despite some transportation challenges.

• Staffing remains stable with no vacancies, including the recent hire of front office assistant Tim Allen.

• All health, safety, and data security systems are currently trending in the green with no major incidents reported.

Instructional Program and Student Achievement Data

• Classroom observations yielded an average score of 2.8 out of 4 across various grade levels.

• Professional development on Tuesdays and Thursdays now focuses on data analysis, lesson planning, and pedagogical skills.

• Diagnostic testing in August provided baseline data for math, ELA, science, and reading to identify student skill gaps.

Grants and Facility Search Progress

• The school was awarded a $100,000 high dosage tutoring grant from the state, split over two years.

Brian confirmed the school has transitioned from an LOI to a purchase sale agreement for a potential site but noted the board must vote before any final signatures are applied by him or Vince.

•  A significant discussion occurred regarding procurement for fundraising services:

    •  Potential vendors include Cobalt 21/21 Cobalt, though options remain open to ensure cost-effectiveness and avoid duplicating existing roles held by Candace.

    •  Will the board select a vendor based on scope of services or purely on cost? Is there sufficient overlap between these consultants and the current fractional CFO support?

•  Regarding future facility debt, Candace cautioned that a $4.5 million loan might result in a debt service coverage ratio below 1x until FY30; she recommended exploring interest-only periods or capitalized interest reserves during construction.