The Director of Finance Angela Ortega shared that we are above goal 40% for our net income due to grants. 

*Projected DSCR of 1.5, compared to goal of 1.49 

*Projected DCOH of 116.39, compared to goal of 105.35

As for enrollment we are still down 10 students from our goal but we have maintained an 89% through December. Historically this is the 2nd year in a row we are stable. 

Board member Brandi asked how data is collected for scholars re-enrolling?  We send a letter home with student asking if they are returning. If returned the student win a prize in return.

K-8 Principal-Becky Jones shared a graph with comparisons for  K-8 in English language arts, Math and Science. The target proficiency points for FY24 are 5 points higher that FY23.

The explanation for the dips on the charts are cause by 35% of student having referrals- disruptions to learning. We also have a high number of new teacher and it takes time to develop them and see the impact on student achievement. 

Brian Holman shared his graphs for 9-12 in English language arts, Math and Science as well. The teacher proficiency and percentages were reviewed. 

Brian Holman recapped the recent growth we have had at ECP. We celebrated the increase in enrollment cap, teacher development program, opened a Preschool, opened a transportation company and currently codifying our operation procedures through playbooks. 

The next step is to proceed with the expansion. We are up against rising costs, rising interests and lack of locations. We also have to consider that type of risks we are willing to take to grow as well.

We are circling around three options:

• Replicating the Colter campus.
• Seek alternative incremental local growth.
• Explore non-AZ markets

Our board members took the opportunity to talk about the reason they believe in our school. They all agreed we will continue to grow in low income communities due to the impact and need for more schools just like ECP. Several meetings will take place to finalize the when and where of the next school.