Douglas DeJong reported that the June 30, 2023 financial statements are materially unchanged from those presented at the July 25, 2023 meeting of the Committee.  

There was discussion of the state of the Audit work.

Staff reported on its goal to present an updated Five Year Model in October, based on the information which will be available within the September interim financials about FY24 fiscal performance.   

The Committee decided to review in successive meetings from September to November, revised policies culminating in a recommendation of new policies to the Board for adoption in December.  The Committee agreed to consider the practices of two other State-authorized charter schools alongside the existing policies, and those drafted earlier in the year, and to consider as well the policies stated in the Parent/Student Handbook.  

Dan gave an Operations Report, with the most notable item being that the Admin Building remains on schedule and on budget.  A Temporary Certificate of Occupancy is expected to be issued by the City of Elgin by Monday August 21st.  All occupancy inspections save one have already passed, and that one is scheduled for Friday August 18th.  

Staff noted that enrollment was shifting in the normal course of events immediately prior to the first week of School.  The Committee agreed that beginning in September, staff would present grade-level specific enrollment and wait list numbers.  

The Committee decided to shift its meetings to the Friday following the third Tuesday of each month, and to shift the time to 7:45am with meetings to take place in the Dining Hall building.  Thus, the September meeting will be Friday September 22nd.  This, to facilitate the review of full information prior to the Finance Committee meetings, and in advance of the Board meeting the following Wednesday (generally).