Brian Anderson presented via phone

Cold Spring School remains in a favorable position as of February 29, 2024. We are operating within our budget and there are no concerns. 

Cody Stipes presented.

It was determine that CSS should receive an Employee Retention Credit sometime in the 2024-2025 school year.

(See documents for details)

ESSER Tranche III

• CSS was able to move the furniture stipend from IPS to salaries and benefits

ESSER Tranche IV

• Salary reimbursements
• Adjustments to the tutoring stipends and impact stipends

Budget was created with an enrollment of 360 students in K-8. Current enrollment is 362. Twenty-two students in eighth grade will leave in spring 2024, and an estimated 50 will join in kindergarten in fall 2024. 

New to the budget:

• Textbook and curriculum revenue is being added from the state. Estimated $150 per enrolled pupil will be given to offset the costs and not be passed to families

Expenses

• CSS has budgeted for potential cost increases
• Purchasing IREADY now would save money in the 2024-2025 budget
• Our group insurance cost has not increased in at least six years
• We have no indication of professional expenses (accounting, insurance, etc) increasing outside of the budgeted amount

We will know in September 2024 after our ADM if major changes would need to happen

(See document for details)

Cold Spring School wants to continue to add as many opportunities as possible for students. This would allow Cold Spring School to look for a temporary employee to fill the position.

JR Renbarger asked how many this might be. Our current assistant Robotics coach would become a temp employee and then possibly 3 coaches.

Michelle Kolar suggested a per diem for food costs for coaches and the administrator. JR Renbarger suggested we add that change and there were no objections. 

We anticipate the costs being less due to the amount of teams that will make it to Worlds from state competition.

Nick Torres suggested looking into the difference between mileage and having CSS rent a vehicle

Enrollment through Enroll Indy up 45.6% from 2023.

Application numbers--round 1, closed end of January

• 246 applicants
• 147 ranked Cold Spring School #1 choice (up 59.8%)
• 216 ranked Cold Spring in top three (87.8%)

Application numbers--round 2, currently open

• 132 applicants
• 81 ranked #1 choice
• 120 ranked in Top 3

Academics

• IREAD Spring
  • Positive growth
• ILEARN window April 15--May 10
• IREADY and NWEA now through May
• IREAD Retest window open end of May
  • Allows students to retest in the building in a familiar environment
  • Tutoring during lunch and after school is working to target those that need it

Many student, staff and family activities happening now through May