Élan Academy Charter School
Minutes
Finance/Development Committee Meeting
Date and Time
Wednesday March 25, 2026 at 5:00 PM
6501 Berkley Drive, New Orleans, LA 70131; (504) 619-9720; www.elanacademy.org
The matters listed are those reasonably anticipated by the Chair to be discussed at the meeting. Not all items listed may, in fact, be discussed. Other items not listed may be brought up for discussion to the extent permitted by law. All agenda items are informational unless otherwise denoted, though all committee reports require a vote for acceptance. The meeting will be held on the campus of the school.
'All meetings are lived streamed from: https://tinyurl.com/elanboard
Committee Members Present
C. Silas (remote), D. Patin, J. Thibodeaux
Committee Members Absent
L. Knight
Guests Present
K. Bastian
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Minutes Approval from January Finance/Development Committee Meeting
II. Finance Committee
A.
FYE 2026 YTD Overview
J. Thibodeaux presented the FYE 2026 YTD Financials through February 2026.
- Revenue forecasted to be 6.9m compared to budget of 6.5m
- Expenses forecasted to be 7.1m compared to budget of 6.5m
- Will most likely have to amend the budget at the June board meeting
- Net deficit of 240k projected
- 80 days of cash on hand with an additional 4.3m invested in LAMP
B.
FYE 2026/2027 Initial Budget Discussion
J. Thibodeaux started a preliminary discussion on the FYE 26/27 budget process and timing.
- Preliminary budget will be presented to the Finance Committee at the May meeting
- Budget advertisement will be posted in June
- Budget will be presented to the board at the June meeting
- Budget will be approved by the board at the August meeting
Item deferred to next meeting due to not having in-person quorum.