Theresa Thompson presented the updated budget (version 2 in the packet) and explained the updated projected rates, assumptions and discussed the budget in light of the proposed budget that was discussed at the previous meeting.  The board asked clarifying questions and Ms. Thompson provided further explanation. 

Matt Brown presented the proposed increase for the Executive Director.  Mr. Brown listed many of the accomplishments that Ms. Moore has achieved during the school's first year including increasing enrollment, building a cohesive and harmonious staff, dealing with first year bumps along the road and her dedication to building an effective academic program and evidence of successful implementation of that program.  The board asked questions and Ms.  Moore gave credit to her staff.  The salary increase was 7%.