Mike Dunn has been in contact via email with LDOE to discuss proceeding with the stipend for staff members. The email reply form LDOE requested current staff member date. We are waiting for a reply as to how to proceed with payment to the staff.

Joellen asked how this normally proceeds with LDOE. Mike responded that he had never experienced this situation with LDOE before, and we would need to wait for further instructions.

Mike could not locate the email Joellen sent with the current ACE roster. Joellen offered to resend following the meeting. 

Budget documentation is attached to the agenda. Mike will continue to review the enrollment (MFP) to other sources of income (Medicaid and High-Cost Services). We are working toward a more realistic budget with CSP budget figures. Mike needs more information regarding the fundraising budget in order to account for this in the current budget and for the next year. Joellen and Mike will meet on Friday to discuss a few questions left on the budget. Joellen is to ensure that all MFP information is correct following the February 1st student date collection from the state. Final reconciliation is February 21st. There was a question about if the proper data was reported. There was also a question regarding the proper enrollment data pulled for the October 1st concerning SPED students. Joellen is to reach out to Angelsa Beck to help with clarification.

All parties reviewed the Quarterly Budget prepared by Mike Dunn. Joellen asked if there were any questions about expenses reported on the financial report. No questions.

$428,000 has been captured in the first submissions to the CSP. Other submissions are being made following this first round of submissions. $200,000 has been reclassified as a loan from BRAF as it is expected to be returned. This was a loan prior to pre-opening. No questions.

There will be changes to classrooms made by private funding and fundraising. Working toward getting a budget for facility expansion. We will be able to use CSP funding for the technology and furniture. 

Mike brought up finalizing the Finance Policy and Procedures. In light of issues with Impact School, we want to be sure we have ours in place. Joellen and Mike will meet on Friday to "clean up" a few questions in order to bring the policy to the board for approval. Mike commented that once in order, we will need to follow the policy. Mike also commented that our independent auditor, Faulk & Winkler out of Baton Rouge, will be looking for the policy. He feels that because we are a first year school, there will be some latitude given our circumstances (Maddie's death, slow start with LDOE connections, etc.).