Athlos Jefferson Parish
Minutes
Finance Committee Meeting
Date and Time
Monday March 31, 2025 at 5:00 PM
Location
Committee Members Present
J. Holmes (remote), M. Caparotta (remote), N. Anthony (remote)
Committee Members Absent
None
Guests Present
B. Bressler (remote), C. Brooks (remote), J. Ogden (remote), T. Tate (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance Committee
A.
Review February 2025 Financials
B.
FY26 Budget Review
Mr. Brooks presented the AAJP FY25-26 Budget Draft. DOCH covenant will not be a problem. Moving on to Enrollment, He stated that for these early predictions in enrollment of 986 is a good number to estimate. Dr. Holmes had a question on the prior year enrollment numbers, Mr. Brooks went over the difference between prior year and current year enrollment through the enrollment tracker. Mr. Brooks stated that most of the enrollment drop came from Kinder.
Dr. Holmes asked about a possibility of having Pre-k to increase the Kinder enrollment. Ms. Tate stated that it is something she is looking at and the necessary changes we would need to do to be able to have a Pre-k program.
Discussion about the Daycares in the JP area are being encouraged to have the students attend at the district schools rather than the other Charter Schools. Ms. Tate stated that she has a couple of things in the works to remedy the situation.
Discussion about changing the mindset of staff to market families and parents to join the school. New leadership announcement may help the change.
Mr. Brooks stated that the Salaries budget for FY25 school year. Increases in pay are not yet built in budget, what is our approach since there is no additional funding to support any salary increases. Discussions on the changes in the salaries and positions from prior year to current year.
Ms. Tate wants to do a letter of assignment to the employees before Spring break to open a welcome announcement to the next school year.
Mr. Brooks shared February Financials. He stated that the MFP Tru up was not a large decrease as predicted. He stated expense management has been handled very well through procurify approval which has helped make sure that we are staying in budget. Budget vs Actuals are trending on track. He stated the salary and wages are trending high due to the beginning of the year accrual which will correct itself by the end of the year. Mr. Brooks went over the Budget vs Actuals Notes.
Dr. Homes had a question on Before & After Care on why the revenue is low. Mr. Brooks stated it is breaking even. Ms. Tate stated this also could be because of the afterschool sports programs.