The bank is deciding how much of our debt service coverage they'll allow us to release this fall. Once we are clearer on what additional resources we'll have from this, I'd like to amend the budget to allow for additional spending to go toward talent recruitment. These funds would be used both for direct recruitment efforts as well as for building the infrastructure to have even stronger talent recruitment and selection in the future. I am researching outside consultants and firms that might assist with this effort this year.

Discussion of key considerations and next steps regarding further growth of Alma. Possibility of engaging external consultants for feasibility study and key constraints on potential growth avenues.

Our total enrollment is currently 412 scholars!
 

The annual campaign goal is $250K. We are currently at 14% ($36K) toward this goal. This includes a $16K pledge that was received last year.

• FY16-17 budget surplus estimated at $257,762 with a DSCR of 2.08 for all debt service.
• FY16-17 audit is complete and the auditors will report out next month. FY15-16 audited Balance Sheet was misstated by $400,000. Alice and the Finance Committee are following up on next steps with the auditor and do not think this should be a finding on the FY16-17 school year.
• Alice is working with the lenders to release $500K in budget surplus for the capital project. Discussion over the uses of the money is scheduled for October.

These can also be accessed in Google Drive under "Trustee Resources"