Committee discussed the dedicated work of the Advancement and leadership teams on attracting new students, as well as securing commitments from returning students/families.  It was noted that the P1 billings for the new year are issued in June and it is imperative that applications be completed and in Power School for billing purposes.  Ms. Robertson noted that this process is underway (to translate intent to return and new applicants into completed applications).  The Advancement team has  indicated that applications were over 290. 

Ms. Moree discussed various categories of expense related to budget development:

1.  Leadership had not yet provided any update on various technology platforms they intend on using in the new school year and estimated expenses for those (eDoctrina, PowerSchool, etc).  They noted several where the subscriptions were cancelled and would not be used going forward representing a savings of approximately $14,000.  

2.  Ms. Moree met with the insurance consultants on the business coverage estimates for 2026-27.  It was noted that while there will be modest increases in the rates, it is likely we may see level or slightly less given that enrollment is less than projected.  Reinstatement of D&O coverage was discussed; Ms. Oldenburg expressed interest in having this coverage.  It was observed by the consultants that the coverage was ceased in October 2025 to save money.  Ms. Moree didn't recall that decision.  Consultants will see if they can get a quote to reinstate coverage and provide details when received.

3.  Ms. Moree did an initial meeting with consultants on health/dental/vision benefit options for 2026-27.  Consultants anticipate an over 10% increase in premiums for remaining in the fully-insured small group market with the current carrier.  Consultants modeled several different options for moving to a PEO model.  Ms. Moree and consultants had an in-depth discussion around the PEO model, what year 2 would look like and the risk for making such a move, only to be hit with a sizeable change in year two.  Formularies and networks were discussed broadly.  It was observed that the plan designs under a PEO are all platinum level and two of the 3 modeled were PPO; the current fully-insured product is a Bronze HSA model.  Ms. Moree noted it was worth investigating further two of the three products modeled.  The EPO product was eliminated from any further discussion.  Consultants will set up a follow-up meeting with each of the carriers modeled.  Ms. Oldenburg noted that any change must be noticed to the Union.  Ms. Moree noted she was aware and cited the language in the collective bargaining agreement.  

4.  Ms. Moree noted for the Committee that a PEO model would also reflect a change in 'employer' for purposes of the benefits.  As an example, current expense for payroll processing and the vendor would cease; the PEO would assume those responsibilities and incorporate into their overall fee the costs for payroll processing, employee handbooks, etc.  

Separately, Ms. Moree referenced the court filing by the Diocese related to 75 Park Place.  It was noted that counsel accepted notice, and Diocese counsel opined that this is client driven.  Ms. Moree referenced recent news as context for what might be prompting the client.  She also noted that school leadership lagged significantly in their obligations related to the building and its use.