CFO went over the school's Current Cash Position:
Checking: $ 1,952,827
Food Service: $ 6,539
Reserve: $ 288,322
Total: $ 2,247,688

CFO went over highlights of the current cash position.

CFO went over dashboard and expenses to the board of directors.

• Annual report has been filed.
• Grants are now available for draw downs- once EFS is complete, we plan to document what has been spent and do a draw down.

Summary of Expenses Description:

State/SpEd Funding:  5,001,109 - new per pupil adjustment is included

Title Funding: 295,445 

SIG & FY25 Mental Health: 59,000

USDA School Lunch Program:  98,020

FY23 Mental Health & FY24 HD Tutoring: 327,482 

Actual total: 5,781,056

CFO went over SAGE Intacct with the board of directors and discussed pricing and the model. This system will give the board and the team a more accurate report going forward. D. Zieff asked if SAGE has a new vendors section. B. Chan believes new vendors has a process where you can't create a new vendor on your own, there is a mechanism to actually require approval of new vendors internally then be brought to the board.

Board members will vote to approve SAGE Intacct.

We had a request from CSDE to have the following:

1. two signers by checks from over $5,000.

2. Bank and credit card statements and reconciliations have been reviewed and signed.

3. Any reference to the Foundation be removed from fiscal policy. 

Also, roles have changed so everything has been updated. There is a draft for all board members to look over.