CFO, B. Chan, went over the school's financial position. 

• We have enrollment count as of October 1, the number is 661.
• 135 MLL students that is up from 127 last year.
• 501 students so far counter in the free and reduced lunch. The surveys are still coming back and this is through December. 
• This is 76% in the concentrated poverty average. In relative terms from last year we were at 82% instead of 76%. 

Federal Grants Funding- 

FY24-25 we had school improvement grant

FY 24-25 high dosage tutoring grant

we can rely on Tile 1. Tiel 2,3, and 4 are potentially under attack so you will see a change in state funding.

B. Carlson asked when commissioners network runs out, and we now have fixed cost of 100,000 in personnel or other important things to keep in the school. Would we have to budget for that? J. Scalice stated that is correct. 

B. Chan discussed the budget to actual FY 25

Last year we had more grants, this year we already have 60,000 out of a budget of about 11million. We didn't have a lot of excess to work with.

Everything is going to plan, our cash in the bank is about a million.

B. Carlson asked what receivables we have. B. Chan states the school is waiting on Sped funding. We also have bank drawdowns. 

Expenses:

Overall big picture is that we don't have the 21st Century Grant finalzied yet which is 250,000. We can't book the revenue but we can book the expenses which is why there is red numbers for expenses.

There is nothing to alert anyone yet. Everything looks good.

Electricity has been looked at and we build to predict what each spending should be. B. Carlson asked how is our vendor cost aside from maintenance and electrical. B. Chan states that Main Enterprises has one outstanding invoice that they haven't sent just yet. 

No new vendors.

B. Chan reports that Auditor, Jennifer Bull, is joining us next meeting to go over everything. 

D. Zieff discussed potential plans for fundraising with the board of directors.

B. Bagley is interested in joining Fundraising Committee. 

The idea is to sell new classrooms. D. Zieff reports he commits to have the Spinelli Foundation get naming rights for a classroom and get a plaque on the wall for it. D. Zieff is proposing that this be brought up during the board meeting. The goal is to begin fundraising on a larger spectrum for the school.