Erika Estrada-Olufade presented the FY27 proposed budget as a revised version of the budget presented at Budget Hearing #1.

• Primary change: expanded federal guidance on CSP grant expense allowability increased projected CSP revenue and shifted some previously ineligible costs (including certain consultant and staff development expenses) in CSP-eligibile categories.
• All other key assumptions unchanged from the prior version, including enrollment projection, FTE staffing count, and projected teacher-to-student ratio. 
• Budget continues to projected a year-end surplus, with an improved days cash-on-hand position relative to the prior version.
• In discussion, the board asked the Executive Director about financial priorities for the coming year; she identified days cash-on-hand and supplemental fundraising (particularly for high school expansion costs) as primary area of focus.
• Board indicated it would follow up on a fundraising timeline in a future meeting.

No public comment received.

Academic Update

• ELA assessment results not yet available.
• Math results reviewed by grade band; majority of students performing near grade level.
• Areas identified for improvement: pacing and scope-and-sequence planning for the coming year.
• Revised instructional approach for next year presented, which emphasized backward lesson design, increased classroom observation/feedback, and stronger instructional accountability.

SY26-27 Staffing Plan

• Staffing plan for the coming school year presented, including core content teaching positions and contracted support roles (special education, counseling, health services, instructional aide support).

Enrollment

• Current confirmed enrollment and remaining open seats by grade reviewed against the board-approved budget target and an internal stretch enrollment goal.
• Ongoing community engagement and recruitment efforts described, including newly contracted outreach staff, aimed at building enrollment ahead of the October FTE count.

Funding Update

• SVA is recommended for additional CSP grant award, to be used toward high school expansion costs and other priority focus areas, for example:
  • Guidance counselor
  • Software and technology
  • Salary for dean of academics
  • Rent 
  • Facility moving
  • Consultants
• Formal approval anticipated from the authorizer in late-June. 

Facilities Transition

• Update provided on transition of space at the current facility, including coordination with the prior occupant on vacating shared modular space ahead of the new school year.
• Board discussed status, expressed general satisfaction with progress to date, and favored continuing work cooperatively with the vendor rather than pursuing more formal remedies at this time.

• Committee reported on board recruitment status.
• Noted that even after new member elections later in this meeting, the board continues to seek additional members, with particular interest expressed in candidates with:
  • Academic background (Principal or above)
  • Fundraising
  • Facilities

The May 2026 financial report was presented.

• School reported a net surplus for the month, driven in part by a one-time grant payment not expected to recur.
• Days cash on hand remained strong.
• Year-end projections trending toward a break-even position relative to the originally budgeted deficit, due in part to expanded CSP expense allowability discussed during the budget hearing.
• Accounts payable being managed strategically to protect the school's cash position.