There was no public comment

Theresa Thompson presented the monthly financials.  Highlights reflected the anticipated rent adjustment and the 125 enrollment.  Cash balance remains a concern.  Adjustments and deferments are being considered to improve cash flow for the remainder of the school year.  The report included the usual balance sheet and is attached to the board agenda. 

Matt Brown provided an update on the Explore situation.  It is very likely that Explore pay a lump sum and then will be able to pay half of the rent through Opportunity 180 and that Redhook will lower the amount due each month by half. Matt will confer with John on the issue of whether or not the licensing agreement needs to be revised. Board members commented that this was a very positive outcome to a difficult situation. 

Andrea Moore gave the update on student enrollment.  She stated that the school has 125 new recruits from the recent social media outreach and open house.  She was very optimistic that the school will reach its goal.  She is holding open houses each month and then alternating Tuesday open houses and Saturday open houses from March 22 through May. 

Andrea Moore delivered the Executive Director's report.  All staff plan on returning, although some are trying new grade level assignments.  Leadership is busy with progress monitoring in order to provide timely interventions for students who are underperforming.  The board offered congratulations and commended her on her hard work.  Board member Igeleke shared her positive experience at a recent school visit. 

The Board decided to move the next meeting date to April 5th (from the original date of April 12th) in order to have sufficient time to make adjustments to the preliminary budget, should that be necessary. 

There was no public comment.

No additional Board Member Comments