Young Equipment is the sole provider for the Mitchell cafeteria tables.  

Maria has reached out to additional vendors and has documented that the school has not able to obtain any additional quotes despite several points of outreach.

One vendor has provided a letter and Maria will share it with Courtney to upload for Thursday's full Board meeting.

Keyur recommend we bring the table proposal to the full Board on Thursday.

The school will submit its applications this week to the insurance broker; Courtney will have further details in April or May.

Enrollment remains at 682.

Courtney spoke to the Board more extensively about school year 25 - 26 applications/lottery/registration.  Over 800 applications were received for just over 100 spots.  

The school's senior leaders (Dr. Brown, Dr. Savage, C. Russell) will be personally overseeing all registration meetings at the school on school breaks and weekends.  The goal is to enroll scholars early and provide clarity to parents about the school's expectations/policies, as well as welcome them to the Pharos community.

4SS reviewed the monthly financials.  All metrics are in good standing with the NYC DOE requirements and otherwise.

The ratio is 3.32.  Anything above 1 is great.  Days cash on hand is 141 days.

Margin above 0.  Debt to asset ratio - anything below 0.9 is strong, we are at 0.58.

Enrollment - Courtney provided an update.

The annual projection is based on 682 scholars enrolled.

The school is expecting a small surplus for the FY25 school year.

The school has 6.2 million in Cash and Equivalents.

Fixed assets is at 4.9 million.

Accounts payable 86K due to timing.

Accrued payroll is included in the financials.  

Liabilities 1.9 million, long term 10.3, total 12.3 liabilities as of March 31; the school had 9 million in equity.

4SS provided an overview of the investment income to date.

Keyur inquired about investment income; 4SS confirmed this is not budgeted for as the amount fluctuates.  However, the interest income is added to the school's revenue.