• Overview
  • Decrease in budget related to lower enrollment
  • We don’t have a current draft of next year's budget
  • Shifts in equipment, personnel, etc
  • Cash Flow Projections
    • Surplus for cash on hand 
    • Cash balance at or above 3 months of payroll expenses
  • Fundraising in the red but upward trend
  • Most significant change in uncategorized revenue & expenses
    • In the green

• Tentatively Feb 8th at 6pm ET (1st budget hearing)
• Tentatively Feb 15th at 6pm ET (2nd budget hearing)
• Board meeting Feb 19th at 2pm ET (final budget vote)

• Adjusting fundraising goal
  • Brought down to $200k for the year 
  • NEED for board help of fundraising prospects 
• Sponsorship deck sent out 

• % of kids making 1+ years of growth is increasing every year. Our academic program is working
  • The data shows - they longer they are with AUA, the more growth they have overtime
• Enrollment
  • Shift enrollment projects
  • Facilities issues
  • Operations
  • Next year we were supposed to have 450 students - not realistic 
    • Y4 enrollment - 340 students
    • Currently - 236 students
    • Biggest change to middle school 
      • 1 class pers grade
• Transcend
  • They interviewed every staff member
  • Shadowed 3 students
  • Invited diff parents - talked to 6 or 7 parents
  • Talked with marketing team
  • Biggest challenge from 3rd party & parent perspective
    • Marketing vs. Offerings
      • Rethink marketing - who are we marketing to & what are we offering?

• We have to finalize a location for fall 2023. 
• We have grown out of our current locations
• 3 options on the table
  • Optional 1
    • Move in ready
    • Steep Cost
    • Leasing Option
  • Option 2
    • Needs work
    • Reasonable price
  • Option 3 
    • Unclear availability. Option potential solidified in March
    • Likely move in ready
  • Long Term Option 4 
    • challenge is affordability & timeline
• Facilities committees can spend up to $10k without additional approval from board 

• SCSC update
  • Got pinged for budget approval process - not accurate 
    • Documentation did not advertise in time for Legal Organ. 
      • AUA needs to use a different legal organ than the current legal organ
    • In accuracies in dates of approval
    • AUA needs 2 separate hearings and then a vote
  • Major budget discussion and questions must happen in budget review public hearing
• Training 2 in person sessions coming up
  • Session in Feb - Athens
  • Session in April - ATL (12th & 13th)
• LKE/TKES
  • Combining feedback and sharing with Alaina

Motion to move to executive session @ 3:30pm: Lynn

2nd motion to move to executive session: Sherida

Motion to end executive session @ 3:45pm: Audrey

2nd motion to end executive session: Sherida

Motion to close meeting: Lynn

2nd motion to close meeting: Janelle