CFO reviewed March 2025 financials which included February data.

• Over 450K surplus--under budget in most recent 
• FY26--several revisions--under review by Treasurer
• Cash on hand still strong
• Beginning to earn interest through banking
• Audit engagements for year-end--official closing day July 30th--final financials come after completion of audit
• Currently working through April financials
• Reviewed expenditure percentages
• One ratio to monitor
• Question about facilities plan going forward--CFO confirmed and reviewed allocations for maintenance and projects--reports sent at month-end close--explained surplus will cover some maintenance in current year that was planned for next year.  Following the budget hearing for 2026--final approved budget will be shared following required hearings.

Covered within the financial report.

Request for report of spending for maintenance--CFO clarified financial report provides information

• Pending PO's are not visible to the CFO team
• Paid vendor report (following invoicing) can be produced

CFO not anticipating issues--same auditors and same process

Initial meetings to set preliminary dates set for 5/13

Planning to hold Golf Tournament the Thursday before spring break at Chapel Hill Business Manager to check with site to secure the date and time to move forward with preparing a Save-the-Date to disseminate to families and former golfers.  

Discussed making the fun-run the fall fundraiser for the Board.  

Mentioned the idea of holding the event on the weekend.  

Shared the importance of being mindful of overwhelming families with overlapping events. Further discussion with the whole Board on best plan to move forward.