The Finance Committee directed its attention to Cynthia Marie, CEO of CentralSource, for a financial update. Marie presented the Statement of Financial Position, noting the accounts slated for closure and outlining the prepaid expenses designated for summer bills and payroll. She also reviewed the remaining ESSER surplus funds and provided a detailed breakdown of the amount to be returned to the state. Committee members expressed his disappointment that the surplus funds could not be used for student scholarships and instead must be returned to the state.

The committee sought clarification on whether any additional expenses or unforeseen issues might arise prior to the financial closeout. In response, Marie assured the committee that no further expenses are anticipated and that the organization is on track to close out in a stable financial position.

Jordan Lopez, Chief Operating Officer, directed the Finance Committee’s attention to the Final Payouts excel sheet, highlighting the year-end performance bonuses, vacation time payouts, summer payroll, and employer contributions toward insurance. Sonya Pratt, Executive Director, expressed her hope to provide a service award bonus this year, citing the organization's success in maintaining enrollment above the initial projections, as the school did in the previous school year. Pratt explained that such a bonus would require approval from the union but emphasized her intention to support staff, particularly those who may still be seeking employment.

Lopez noted the commencement of the annual audit with Daniel Dennis & Company, LLC and expressed optimism for a smooth and efficient audit process in the fall. Committee Chair Ted Gildea commended the Finance Committee for a successful year and shared his appreciation for the opportunity to work with the school, stating it had been a genuine pleasure.

Lopez opened the floor for questions from the Committee; however, none were raised.