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Courtney presented the business insurance renewal with our new broker, Marsh McClennan.  The overall cost was flat (-0.6).  Nearly all carriers remained the same and coverage was comparable to FY26.

4SS walked the Board through the FY27 budget including but not limited to revenue, OTP, non-OTP, and more.  The budget shows a slight surplus for next year.  

The team discussed the Special Education and ELL enrollment and the efforts the school continues to make to recruit and retain these special populations:  https://docs.google.com/spreadsheets/d/1ErNkKsWS683mB4jckYvX0FO1vCmHRDb_cZfb4cneQKM/edit?gid=1797429078#gid=1797429078

There was a 19% increase in staff medical benefits.  Overall most other categories remain fairly similar to FY26.

Enrollment for 26 - 27 is at 751.  The school is continuing to enroll, mostly in Kindergarten, as we know some families will move/withdrawal over the summer.

4SS walked the Finance Committee through the monthly financials.  Overall, all metrics remain strong and the school expects to end the school year with a very small surplus.

15.4 million in revenue has been recognized.  We are set to close the year with 16.8 in revenue.  We will close the year with 11.1 million in salary and benefits.

On OTP we have spent 4.9 million.  The overall budget is 5.24 million.  A few reclassifications were made on OTP based on how the school is spending.  The $2900 was for a lunch program increase (to be offset by the lunch revenue).

There is a $600,000 surplus as of May.  This will change as summer instructional staff salaries are recorded in June; this has already been budgeted for and will be recorded appropriately.

1.1 million is the one month of per pupil advance funding for June.  Any changes in per pupil will be adjusted in the final reconciliation.

9.1 million dollars is in total equity.

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