Brighter Choice Charter Schools
Minutes
Board Meeting
Date and Time
Thursday May 11, 2023 at 9:00 AM
Location
250 Central Ave. Albany, NY 12206
Trustees Present
M. Snyder (remote), N. Velilla (remote), P. Romain, R. McLaughlin, T. Hanmer (remote)
Trustees Absent
Z. Nelson
Guests Present
K. Ford, K. Mclean (remote), L. Licygiewicz
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Governance
A.
Governance Committee Report
B.
ARP (COVID Grant) Public Comment
III. Finance
A.
Committee Report
Both schools are on track/trending stronger than projected, mostly due to increased revenues. Enrollment, grants, interest income and higher food revenue. Utilities were higher than budgeted for both schools.
Planning for next years budget has begun. May need to make adjustments to anticipated (higher) enrollments next year. Per pupil increases were higher than what anticipated. Looking forward we need to plan for beyond FY 2025 when federal ESSER dollars run out.
IV. Other Business
A.
403b Amendment
Staff will continue to receive the 6% contribution from the school but removes the automatic contribution from the school. Effect of this is 7 staff on the boys school not contributing anything to retirement accounts. 8 staff on the girls side.
B.
Health Insurance Discussion
Health Insurance rates will increase by 13% and deductible will increase by $200. These increases are currently budgeted in next year's budget but will require longer term discussion and strategy for continued increased costs and financial implications.
Committee did not have quorum but did meet with Karen and Kristina to discuss enrollment, staffing and academic updates of the school.
Pasek will adjust current contract to reflect revisions to activities.