B. Chan went over financial dashboard.

Part of the responsibilities of the board treasurer are that on a monthly basis to review the bank reconciliations and the monthly review for the last month were approved with no issues. 

At the end of March things were a little tight but also planned out. We ended the month at 176,421 but if you look at overall we had 284 in reserve and 7,000 in the food account so we are in good standing.

Receivables since collected: 

Title 1,2, 3 & State bilingual: 143,108

Commissioners Network: 200,131

SpEd is spending 145,125

School meal: 27,519

As of today we have 1.8M in the checking account, net of last friday's ayroll for April. In May we have three pay cycles but it is all planned out. 

Total as of today is 2.1M.

SpEd funding everything is in line with expectations. We are trying to track summer payroll. 

D. Zieff states we want a surplus at the end of the year and we won't get it this year. B. Chan report yes because we are undefunded to begin with. DRIP funding for facilities should come by May for facility repairs. 

E- Grant for firewall is an expense out of the school's budget. 

We've had one full year of school electricity management. We are doing well at maintaining the same numbers and we have a good track record to follow for the budget. 

J. Scalice discussed budget items that have come up regarding SMG and our contract. There are initial savings for us as well as the staff but we have to look at how much benefits would cost as well as insurance. 

B. Chan went over Americorp funding. As of April 15th J. Scalice submitted a Americorp Grant.  The dollar amount is 352,000 it pays for tutors. The obligation is one new hire beyond what we already have. 

B. Chan reports this is impactful and will change the dynamics of FY27 budget and might help with donors as well. 

J. Scalice discussed budget delays due to potential funding coming up and will discuss more in the board meeting.

B. Chan went over new vendors.

• Partners for Educational Leadership- STEM Progessional Development part of Commissioner's Network. 
• Custom Ink- we buy our logo apparel and swag is a staff appreciation. Usually is a small number but in this case it has gone up over the threshold. 
• J. Scalice reports he talked to board chair, B. Carlson over the weekend to go over an Emergency Authorization to siogn off the contract terms from Perkins Eastman for the internal expansion. In order for us to get the designs by April 28th we had too ign the contract by Friday to execute our timeline. 

D. Zieff went over the plan for Fundraising for the school. There is a fundraising letter that will be sent out to potential donors especially their presidents/CEO. Some will be personalized by our board connections.