Tosha Boyd presented the two relevant expenditures: transportation (bus for scholars) and Marathon financial software (required by state - replaces Quikbooks). 

Rene Fumich shared the reports on screen. First she reviewed the cash flow, average balance and anticipated income.  Member Brack asked about the Employee Retention Tax Credit and Ms. Fumich shared the status of the school's application. He also asked about the Workers Opportunity Tax Credit. Next she shared the budget vs. actual report. 

Ms. Fumich presented the FY24 budget and discussed each line item. Board members asked questions and Ms. Fumich and Dr. Shaw addressed each one. 

Dr. Shaw provided a scholar enrollment update - currently at 193 - and reviewed strategies the team is using to meet the goal. She also shared the options under consideration for scholar transportation, provided an update in the school calendar, and reviewed grants being submitted. Board members asked follow up questions. She shared details about a space rental/lease agreement under consideration with ArtsPlace Memphis. Dr. Shaw shared details about an anticipated increase in insurance cost on the building/facility. She shared the audit firm that responded to the RFP; only one response was received. 

Erin Mulligan provided a report in the Vision Meeting on April 30th. 

As previously scheduled.