Finance statements for May 2023 were presented and reviewed.  Ms. Moree advised the Board as well that an offer for a new Business Administrator has been extended and we anticipate having the person in position mid-Summer.  

Ms. Moree walked the board through the Budget.  The budget has been based on an enrollment of 435 students and reflects no new initiatives and no new capital expenditures contemplated as part of the budget.  Salaries will reflect COLAs, faculty and administrative and various lines are showing increases based on inflationary pressures.  

A lengthy discussion was had on enrollment for the next school year, by grade and by cohort.  The Board discussed middle school enrollment and looked carefully at the enrollment targets, applications in hand, upcoming activities to support enrollment, and whether anticipated targets by grade and cohort will be met.  

Board Secretary reminded all Board members to complete and return to the school the annual board member certification.  The form can be completed and signed digitally.    Four board members returned the completed document to date; all need to be submitted as part of the annual filing with CSI.  

Ms. Moree as Finance Committee chair advised that no changes are being proposed to the Fiscal Policy Manual.  As the new Business Administrator starts, the committee will work with the individual to see if any changes are warranted and or needed.