Albany Leadership Charter School for Girls
Minutes
Monthly Finance Committee Meeting
Date and Time
Thursday January 22, 2026 at 8:00 AM
Location
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Committee Members Present
E. Robertson (remote), J. Celestine (remote), M. Moree (remote), R. Large (remote)
Committee Members Absent
None
Non Voting Members Present
A. Harrison (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Finance
A.
Monthly Financial Statement Review
Ms. Moree advised the Committee that BoostEd will cease providing fractional CFO services to the school at the end of January.
B.
Enrollment Discussion
It was noted that enrollment remained largely stable coming out of the holidays where typically we have seen a drop off.
C.
Budget Development 2026-27
Ms. Moree noted that this is typically the timeframe to start budget development for the next school year. She will commence looking at large buckets of expenditure (employee benefits, etc) to see where we may be able to achieve efficiencies. BoostEd has provided a template to build from. BoostEd will also ensure that Q2 filing is submitted to CSI prior to the end of their services. We anticipate a report from CSI that will include a corrective action plan and that will guide the budget development process for the next school year.
Without a fractional CFO, board members may need to provide additional operational capacity. The budget does not currently allow for ability to support bringing on a new fractional CFO firm.
III. Closing Items
A.
Adjourn Meeting
- ALCSG Dec25 Financials.pdf
Ms. Moree noted that the financials continued to experience stress which will not abate given the enrollment miss. Bondholder discussions continue.