Enrollment is currently down to 235. We are at 65% of our Charter capacity, and 78% of our building capacity. The lottery was held last week. We had 73 lottery recipients, and this is lower than years past. Letters went out this past Monday. The recipients have 5 days to respond, and then the application process will begin. 

Kids Heart Challenge began this week. This is a challenge students can participate in to raise proceeds for the American Heart Association. 

The Chinese New Year celebration will take place tomorrow, 2/8/24, from 5:30-7:30. This will take place at The Veranda.

No school this Friday for Chinese New Year. 

February 20th is a PTO fundraiser at Chuck-E-Cheese.

March 8th is a weather make up day, and we will have school that day. 

We have requested current parents to let us know if they will be having their kids return next year, only 2 have said definitely not, while a handful have not yet responded. 

We are expecting a COVID payroll tax credit. After paying the CPA's, this was a profit of $35,000+. We are now getting more funding per student.

We are not currently carrying any other debts. 

We are trying to stay under the FDIC insured limit of $250,000 in one bank, but even with our multiple banks, we will be over that limit. First Community has discussed "Sweep" accounts which allow you to be insured above the $250,000 limit and involves investing your money. 

Next month Lee will have some more options for the Board to decide if they want to add a third bank account, and if so what kind of account. 

We talked with Wes, who let us know a specific amount we can spend on a building. Constructing a new building with this budget would not be financially efficient for what we would have to pay per square foot. This has caused us to focus more on looking at properties that already have a building. 

We are looking at the property that previously belonged to Next Charter School. Two of the three buildings are currently for sell, and they may be willing to selling the buildings separately. 

This building would most likely meet at least some K-12 regulations, as long as no one else has occupied the building since it was previously a high school (also as long as the utilities have not been cut off). 

Members of the Board, as well as Dana, Head of School, will be meeting for a tour of this building on Friday 2/9/24.

With our enrollment currently declining, and our current financial situation, we may benefit from investing in more marketing products, such as a marketing company. Lee has looked into some marketing agencies that could help with branding and marketing together. If we are going to reach out to a marketing company, we would need to see their return on investments. 

The other option is to start out with a multifaceted approach with having separate aspects worked on through different individuals. 

An important factor is someone who can maintain the website and PR for the long run.