• Finance Updates
  • Monthly finance update 
    • Eric & Peter will work together for financial updates 
    • Increase in external financial contributions
    • Additional $14k in donations 
    • Increase in QBE
    • Support with school expenses 
    • Transition of financial responsibility
    • Restoration of ED salary & back pay
    • Food service is trending $10k less than what we expected 
  • Finance committee updates
  • Full scope financial services in fy25
    • Renewal of CFO contract 
    • Vote
  • Operational Cash Flow
  • SCSC update
  • Cashflow
    • Increase in April
    • Delay in a few payments 
  • CSDC
    • One time payment
• Schedule 2 budget amendment hearing meetings
• Board on track subscription renewal
  • $6000 (vote and stamped)
• Purpose Capital - CFO contract
  • Candace & her team - back end work for all things finances and operations
    • Changes: 
      • Absorb Operations of previous CFO contract
      • Purpose capital will develop monthly report and communicating with our new treasurer Eric 
      • Purpose capital will absorb the role of previous CFO services (finance operations) 
  • Previous CFO contract
    • Fee will be increasing to $14,000
    • Operationalize the things we needed on back-end financing 
    • Concerns about the quality of work
      • Often have to double check and reconcile the work
      • Lost points for financial errors 
      • Lack of transparency with personnel changes 
  • Motion: Approve Purpose Capital Contract
  • Motion - Audrey; Second - Jonathan
    • Audrey - yes
    • Jonathan - yes
    • Terrell - yes
    • Lynn  -yes
    • Jannelle - yes
    • Eric - yes
• Budget Hearing 
  • Budget Hearing for FY25
  • 2 hearings & an approval
    • During the 2nd hearing
      • We can approve 

• Enrollment
  • 170 students  
    • 282 new families, accepted, registration in progress/completed
      • 129 - registration in progress
    • 120 students returning
    • AUA engagement opportunity
      • Bowling Event
        • AUA board member can attend
        • 4/27  11 - 2
    • Get mock up from architect
    • If enrollment numbers are low we'll need to consider budget cuts
    • Last day of school is May 31st 

• Progress in facilities
  • We have a HOME 
•  Construction isn’t starting until Mid may
  • Will start school in modulars
  • Transition into the new building before Christmas

• Board pledges
  • Keep Board Pledges in Paypal
    • Something separate for the board 
• Board Training
  • In Person and VIRTUAL training is required (6 hours) 
  • Can sign up through Board on Track 
• Executive Director Contract Language 
• Planning for ad hoc board training
• Board member referrals 
  • Get applications out and return in the next 2-3 weeks 
  • Set up tour of the school with new applicants
• Lynn is resigning as a board member

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