Brighter Choice Charter Schools
Minutes
Finance Committee Meeting
Date and Time
Wednesday August 23, 2023 at 9:00 AM
Committee Members Present
K. Ford (remote), K. Mclean (remote), L. Licygiewicz (remote), M. Snyder (remote), T. Hanmer (remote), Z. Nelson (remote)
Committee Members Absent
None
Guests Present
Paul Augello (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
BCCSB Updated Enrollment
Enrollment update for SY 23-24 - at 248 an increase from 222 in previous report two weeks previous. Budget is 270. Have 9 pending applicants that need to be converted.
B.
Budget Discussion Based on BCCSB Enrollment
With budgeted numbers of 270 and 319 have cushion of $492,000 over minimum ratio (20-25 student cushion). Between boys and girls school will only be a few scholars under budget.
Working to understand when ERC needs to be recognized with plan to recognize in FY 2024.
Discussion around boys school and the staffing model which is currently what is needed to support academic program. Need to discuss future years with the federal resources no longer available.
C.
BCCSG Updated Enrollment
Current enrollment for SY 23-24 is at 332; budgeted at 319.
Minutes will need to be approved during an upcoming meeting.