Pharos Academy Charter School
Minutes
Pharos Academy Charter School Finance Commitee Meeting (Zoom)
Date and Time
Monday May 18, 2026 at 5:30 PM
Location
Committee Members Present
J. Sowell (remote), K. Shah (remote), P. Wesonga (remote)
Committee Members Absent
G. Garcia, J. Lopez-Molina
Guests Present
C. Russell (remote), M. Dorsey (remote), S. Rasheed (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Other Business
A.
Items Over 50K
B.
Insurance Renewal
The team reviewed the insurance renewal with our new broker for 26 - 27. The increases were minimal. Courtney expects the full documents/pricing to available from the broker in the near future as all items are currently being finalized.
III. Enrollment Update
A.
Enrollment Update
Courtney reviewed the enrollment update for 26 - 27. Many highlights were shared including a strong start to registration/enrollment, nearing our overall enrollment goal for next year, a healthy 12th grade enrollment (rental assistance) and more. The two challenges that remain are maximizing our Kindergarten enrollment continuing to recruit/enroll special populations.
IV. Finance
A.
Monthly Financials
4SS reviewed the monthly financials. All metrics are in strong shape. Specific financial details were reviewed. As we approach the close of the fiscal year, a small surplus (10K is expected); the reason for this small surplus and not a larger one is because summer acrruals will need to occur for teachers who worked for the 25 - 26 school year.
V. Investment Accounts
A.
Investments
N/A for May.
N/A for May