Brighter Choice Charter Schools
Minutes
Finance Committee Meeting
Date and Time
Thursday February 1, 2024 at 10:00 AM
Location
virtual
Committee Members Present
M. Snyder (remote), N. Velilla (remote), T. Hanmer (remote), Z. Nelson (remote)
Committee Members Absent
R. McLaughlin
Guests Present
Carole Morrison (remote), K. Ford (remote), K. Mclean (remote), L. Licygiewicz (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Enrollment Update-- Karen McLean and Kristina Ford
B.
Enrollment Trends and Initiatives
Carole Morrison provided an overview of trends over the past 5 years.
At the boys school there has been an overall decline in the past 5 years, including numbers of eligible returning students (removing 5th graders).
At the girls school trends have been overall more steady.
Carole Morrison provided an overview of enrollment initiatives and partnerships including with the Boys and Girls club, House of Hood, PAL league, Henry Johnson among others. There will also be additional open houses at the Boys school and other initiatives located at the school and virtual open houses as well as marketing and communications.
C.
Open Board Discussion
D.
Teacher Retention
The board heard suggestions from Kristina Ford and Karen McLean for a compensation plan to retain teachers. The board will consider this and other strategies along side the budget discussions.
III. Finance Update
A.
Finance Update
Paul Augello reported on the balance sheet, cash accounts, and enrollment impacts on the budget.
Kristina provided an update on enrollment. Current month enrollment is 323 down from 324.
Karen provided an update on enrollment at BCCS - B. Current month enrollment is at 245, up slightly from 242 the previous month.