Courtney presented the cleaning proposals to the Board and the likely recommendation that will be presented at Thursday's meeting.  Six companies responded to the RFP and attended the tour.  Proposals ranged from approximately 175K annually up to nearly 500K.  Reference checks are currently taking place.

Courtney provided an update as to the documentation requested of Bolton//IMA which includes:

Marketing summary 

Run/loss reports 

EMR and how it’s trending

Year over year comparison to peer schools  

We expect Bolton to turn around this information to Courtney by Wednesday to share with the Finance Committee.

SY24-25 remains steady with enrollment at just under 680.

SY25-26 is progressing with over 50% of new scholars (128) already enrolled.

Courtney discussed allocated additional funds for scholar marketing to ensure these efforts are amplified based on the current landscape in the charter sector.

All financial metrics remain strong.  The school is ending with a small surplus to close out the year.

The school received 488K via the Employee Retention Credit (ERC).  These monies must be spent by June 30, 2025 and are unrestricted funds.  

The school will pay the Alliant Group their monies due for preparing the filling (approximately 84K).

Dr. Brown will present some of his ideas for spending these monies on Thursday at the Board meeting.

N/A for June 2025.

4SS presented the FY26 budget and reviewed all key areas, including revenue, expenses, changes from FY25 to FY26, and more.  Salaries and total budget was 10.3 and for next year, 11.6 is budgeted.

4SS also presented the changes in the Other Than Personnel budget year over year.  Small increases were in occupancy (utilities trending slightly high) and supplies.  5.3 million is budgeted in this area.