Elaine Schmiedesshoff from CSBM shared the Monthly Financial Report for February 2023. She shared that TNAACS remains in good financial standing with 4.2 months of projected cash on hand. Enrollment is up, and this accounts for an increase in revenue. CSBM is now projecting TNAACS will be at 7.1 million in revenue by the end of the year, with 1.3 million of that being in kind rent. CSBM anticipates TNAACS will end the fiscal year with 6.7 million dollars in expenses. CSBM originally budgeted 4.8 million for expenses this fiscal year. Increased expenses were attributed to new hires, hire than expected internet expenses, increased sub expenses, the need for additional curriculum due to higher enrollment, and an increase in recruitment efforts

Jenny Trani shared academic data from the TNAACS Summer School Program "Summer Boost" conducted in the summer of 2022. This data showed that there was a 19% increase in proficiency or students who participated and a 6% increase in proficiency in math. In terms of overall proficiency level growth in ELA, 57% achieved basis, and none were proficient on the pretest, while post-test 19% scored proficient and 24% scored basic. In terms of overall growth proficiency in math, 18% percent achieved proficiency, and 24% achieved basic on the pretest, while 24% achieved proficiency and 33% achieved basic in math on the post test. 

TNAACS is looking to apply for the Bloomberg-funded summer school program "Summer Boost," which was used to fund our 2022 summer school program. Jenny and Lisa discussed some of the considerations in being able to successfully execute a summer program, including having enough interested staff to cover the program, student enrollment, Supervision capability, and training. Jenny sent out an interest survey to staff to determine how many would be available to work in summer school. Lisa will be sending out a parent interest survey. ELT will be determining which leadership staff will be available to cover specific weeks of the 5-week program. There are also plans to have Roads To Success partner again with TNAACS to provide enrichment in the afternoons Monday through Thursday and all day on Fridays. 

The Board went into an executive session to discuss a personnel matter. When they returned, Lisa shared that the current gym teacher was no longer working at TNAACS. He has been replaced by someone who has worked at TNAACS previously.

Coleen shared that The Governance Committee would like to have a monthly board share included monthly during staff check-ins. These board shares would be a videotaped message to be shown during check-in. The Governance Committee would also like to host a staff breakfast and proposed April 20th. Lisa shared that the 20th is a state testing day, and it would be difficult to have a board hosted breakfast that day as a result. A future date for this event will be discussed.

Lisa reminded the board of several upcoming professional development opportunities from Board on Track :

• Wednesday, April 12th, 3:00PM to 3:30 PM to 3:30v PM EST - " CEO Support & Evaluation Committee"
• Wednesday, May 10th, 3:00 PM to 3:30 PM - "The Vital Role of the Academic Excellence Committee"