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MM shared his slideshow- attached

College fair (1st ever!) going on in the school as we meet! Makes mission feel real

Jasmine Rosario is doing fantastic work as Dean of College and Career Readiness

Student recruitment- LCAS out canvasing. Recent visit to Springfield Prep

Significant hires in last month- special notice of HR and Payroll Manager hired, taking significant piece off MM

College team highlighted- College reps visiting LCAS, College field trips happening

Athletics underway this fall, Volleyball and XC now, with Boys BB and spring sports ahead

MS- slightly overenrolled

9th grade fully enrolled

10 and 11 remain under-enrolled 

Exit interviews with any attrition- HS experience, especially around athletics, is main reason. Team is addressing going forward

GPA on track in 9th grade, struggling in 11th grade (junior fall shock). Reality checks (college fair) and mediation happening

PSAT two weeks ago- data coming in weeks ahead and will use data to address prep for spring SATs

Students using platform to track their own performance and requirements/ expectations of target colleges and universities.

LA big goals- off track for CHronic absenteeism, but buyback days in place. Compliance, Referrals for support from classroom, In School Suspensions, Out of School Suspensions all on track

UA Big goals- approaching and off track here (GPA, Advisories, Chronic Absentee) MM addressing these areas with team for interventions

Preview of investment exploration- MM wants to see $ grow (Money market or CD to have mix of interest growth and liquidity). Likely seeking board approval in November

Open House on 11/9 at 8:30 AM

Hard Hat Tour on 12/6

Trunk or Treat 10/26 (rescheduled)

NB highlighted Jasmine Rosario's detailed presentation to the AAC- Dean of College and Career Readiness. Oversees team that works will each grade of UA. 4 year curriculum in place- not just a singular focus on juniors. Overgrad is a useful program that all juniors use- account based service that holds GPA, transcript and school info and also organizes students' college/university interests. Useful to understand options and be organized for applications. Jasmine has been pushing summer pre-college programs. Successful launch in 2023 and looking forward to even more involvement in 2024. College fair today as noted! A full curriculum across the UA years.

Auditors joined the meeting- Kris Lane and Sean Alexander

Shared summary of Audit Results- linked in agenda

Very good audit- no issues of non-compliance

No material weaknesses over financial reporting noted

Financial Ratios- acceptable range for risk (low or moderate) in all areas for 2023

Surplus of 29 K in 2023

FY 2024 considerations- Federal Funding effect on uniform guidance testing. New long term leases or subscriptions will be accounted for under new accounting standards

Audit Report due Nov 1

Data Collection Form- 30 days after issuance of audit

EOY Report- Dec 1

Foundation needs Form 990 and Form PC submitted on Nov 15

On track in all areas

PK delivered summary of Finance Committee meetings

Great audit, no red flags

Kudos to MM and entire financial team

Initiated conversations about potentially investing available funds- MM and team are investigating possible instutions

Financials looking good with no major concerns

KK - mailing to local community potential donors based on interest in similar projects

Matching funds from Jenneson avialable

Bring a friend to the upcoming open house- continue to spread the word

Please consider giving a gift or pledge now by 12/31 so that Jenneson foundation can match

OK to include "maybes" for Modesto- let him know of anyone you have invited

No update from the past month, but LD is due to meet with MM tomorrow

Next meeting Tuesday Nov 28 at 5:30

SAT article in NY times worth a read to be aware of power of finances