• Key Updates:
  • November marked the end of Q1.
  • Payroll and accounts payable (AP) were in line with prior months.
  • A $70,000 AP was deemed reasonable; $3,700 non-cash AP was flagged for reduction.
• Revenue:
  • A $46,000 decrease in general apportionment due to enrollment shortfalls.
  • Drop in English Language Learner (TBIP) funding due to fewer eligible students.
  • $22,000 decrease in special education (SPED) funding linked to enrollment caps.
• Expenses:
  • Most expenses tracked below the 25% benchmark for the fiscal year.
  • Adjustments were discussed for potential reforecasting in Q2.
• Grants and Funding:
  • $17,000 9th Grade Success Grant secured.
  • $28,000 Beloved Community Grant (Bill & Melinda Gates Foundation).
     

Enrollment and Outreach Efforts (Led by Steven)

• Enrollment in November was 54 students, down by six from October.
• Efforts underway include yard signs, targeted ads, and door hangers during the holiday break.
• Positive interest from prospective families, with potential January enrollments.

Fundraising Proposal Overview (Presented by Eddie Allen)

• Proposal focuses on developing grant initiatives and building donor relationships.
• Infrastructure support to include a new donor database and annual giving plans.
• Collaborative approach to identifying major donors and leveraging board and staff connections.
• Emphasis on recurring giving and engaging marketing strategies.
• Budget: $34,500, including grant writing, donor cultivation, and miscellaneous expenses.

Discussion and Questions

• Members sought clarity on progress tracking, database scalability, and board engagement.
• Key concerns: Alignment with the school’s mission, leveraging existing resources, and ensuring cost-effectiveness.
• Advisory board formation and broader community engagement were briefly discussed.

Action Items

• Board Review: Proposal to be presented at the upcoming board meeting for discussion and approval.
• Follow-Up: Eddie Allen to provide additional details on potential grants and donor cultivation strategies.