Mrs. McCoach is sharing the UA financials for FY 26. 

EOY Positive Operating Surplus and the increased fund balance

Achieved 5.0 scorecard on MSCS Charter School Financial Scorecard

There is an increase in 12% 

Additional monies were received with the Facilities Grant, CSP, Bloomberg, 

Summer finds are tight due to the loss of TISA in the Summer. 

The newest additions in the forth coming months will include National School Lunch Program (NSLP).

This contract is in alignment with the Accountability Action Plan. 

MEF will pay 50% of this contract. 

3rd, 4th, 5th, and 6th graders will get this tutoring.

With our enrollment now being closer to 600, we are increasing the guard count to ensure full facility safety. 

General update for each year. This could be updated over time throughout the year. 

If any adjustments are made, we will need to notify families. 

We have launched our NSLP Program. We are going with the company SLA for this service. 

This was created in alignment with the Authorizer's deadlines. 

We need to add more legal language that protects the school. 

This policy is an added requirement to us offering our NSLP Program. This committee will meet twice a year. 

We will are looking to expand and replace old chromebooks that we have had since inception. 

Fulfill will join us in organizing our data and helping to build a more rigorous Data Dashboard. 

Mrs. Booker talked through the requirements of being the Board Secretary.

Mr. Wyatt has joined and supported Memphis Merit Academy. He has met with the Governance Committee. We are pleased with his overall contribution and we believe that he would be an asset to Memphis Merit Academy. 

Governance - Director McBride

Finance - Director McKinney

Development - Director Prophet Brown

Academic Achievement - 

We will table Academic Achievement Chair for a later meeting. 

We are lookign for healthy candidates that have Finance, Academic Achievement, and/or Strategic Planning Expertise. 

We have submitted our Corrective Action Plan to the State Board. We have not received any information back as of yet. 

No updates today. 

We have a surplus of funds. 

Governance is looking for new board members. 

We need strategic planning for the future of the school and the board with Board Terms ending. 

We are in the year of completion of growth. 

Organization Priorities for the 26-27 SY have been shared. 

1. HQIM implementation

2. Deliberate Practice

3. 95% Scholar Attendance rate - ADA

Accomplishments

1. exceeding the enrollment goal. We are recruiting for the last 5 seats that we have available. 
2. We will get the TISA funding true ups in October. 
3. Finance is +900K 
4. There are more corporate giving items that have been issued from Smith & Nephew, General Motos, Captain Planet.
5. All 5's on the Financial Scorecard
6. NSLP has Launched. 

Goals and Opportunities

1. Innovative Labs Grant & General Motors is upcoming.
2. A potential Pre-K is upcoming. This would create a feeder pipeline to Kindergarten.
3. NSLP Launch
4. Launch of work with FulFill for data mangement.

We have 589 scholars in the school currently. 

 SWD has grown by 27%

EL has grown by 74%

We have 3 scholars in the SART process. We are responding to these needs. 

TVAAS data is still embargoed, but we are demonstrating the growth year over year. 

Priority grade levels for the 26-27 SY is 5th Grade and 7th Grade. Funders wants 35% proficiency. 

We are also exploring Teacher Wellness to support teacher absences the same way that the School Counselor does for student attendance. 

HR is now implementing Teacher Action Plans around licensure. 

We will share an update of the Corrective Action Feedback. 

We are working to fill 3 staff vacancies, pick a new retreat date, and restore the plumbing for the new front restrooms. 

Lastly, a relaunch for the Capital Campaign.

HFF, Pyramid Peak, and MEF will visit on this upcoming Tuesday. 

MLGW is not fully on track. We are working to clarify the mapping. 

The 3rd BlueHub Loan will start in October.

Revenue is 16K.

The budget is in the green, but we have not begun transferring the monies back to the school yet. 

City taxes have been paid fully by Memphis Merit Academy Real Estate. 

We got the city refund. We are still working with the county. The amount was lower than what we anticipated. This money has reinvested into the Escrow. 

County taxes are due in February. 

We are working to establish a regular amount to deposit into the Escrow. 

Shekinah Glory has exited the property. The church is empty. 

Possible tenants have been viewing the property.