B. Chan went over current cash position. 

As of today we are at 1.5M. 

The EFS is spending line items by funding which was sent off and accepted. Auditor, Jennifer Bull, went over documents and the only thing that is left is the 990 narrative. 

Form was sent out to finance committee members. 

B. Chan wanted to give the board members the Updated Fiscal Policy. There is a revision log so that anyone reading this will see what has changed over the last 4/5 years. Everything in yellow is what has been changed/ updated. This will be approved at the board meeting. 

We have launched with SAGE Intact is the software itself. The implementation step was wrong and now it's $22,500 or $36,000. This needs to be confirmed by CFO, B. Chan. D. Zieff asked why the number has changed? B. Chan reports that the answer they gave him is to provide the service that the school needs. Items are uploaded for the board members review. 

B. Chan, CFO went over dashboard. 

At the end of January the school was at 1.4/1.5M. Current ratio is good. Operating support is 7,554.00 compared to 30,000 which is our target goal.

Everything in revenue and expense numbers look healthy overall. As for SIG and Mental Health Grant numbers is some of the reimbursements that we need to factor in. The school lunch program was estimated based on past numbers but the meal claims are legitimate. 

We are on track but not exceeding. We are entitled to more because we have to file for reimbursements for Commissioners Network and now we have 21st Century for After School program as well. 

On the expenses side everything is fine. The committee has talked about about in previous meetings that ADP and tutor fees so they are slightly higher than originally projected. Overall, the school is looking good. 

No new vendors.

No additional items.