S. Rasheed reported that we received our final ESSER grant. Per pupil funding also came in which shows an increase on the balance sheet. Days cash on hand has increased from last months report. Enrollment remains string with an increase in enrollment of 5 scholars. 

S. Rasheed reported that our DOE ratios and minimums are above requirements, S. Rasheed also reported again that our enrollment is over goal but SpEd enrollment continues to trend under the goal.

S. Rasheed noted the negative variance on the budget vs. actual report. Also reported that an OTP analysis has been completed and if a budget amendment is needed it will go to the board for approval in February. 

S. Pressley asked what the major changes are from last month. J. Keeney reported that the NYS payment for per pupil increased the number. 

S. Pressley asked about the expansion and how we are planning for funding expansion. M. Alston responded that the school has been planning for mid-year org chart additions as well as lease negotiation and costs into the budget. The only pending item is specifically funding the furniture to furnish the new building. M. Alston reported that she believes they have been intentional in planning and this will help with the success of the expansion. M. Alston also reported that she will share out her projections for where she believes we will close out the year with a surplus to help the negative bottom-line projections. 

S. Pressley asked if we had a plan for the reduction in SpEd. M. Alston responded that as we increased the ICT model at the school we projected too aggressively for the change and that is causing the variance. M. Alston stated that next year's projections will be more realistic to ensure we don't tread under for the year next year. 

E. Chen asked if there was a goal from the city for SpEd. M. Alston replied that they look for our school % to match the district average % and we are a little under that goal. J. Keeney noted that our percent is still good. 

K. Brisseau reported, in response to M. Alston, that making the projection less aggressive is a direction she agreed with. 

T. Bryant asked who leads the annual investor call for Nuasin. M. Alston responded that her, Malik and 4th sector run the meeting. 

T. Bryant asked if we have an annual fundraising target. S. Pressley responded that there is not yet an enrollment target. 

S. Pressley reported that investment updates will begin to be monthly. 

S. Rasheed reminded the committee that we made changes to treasury investments and cash deposits. In the last quarter the market bounced back, as a result we have a surplus although the overall change is still negative. One treasury has matured since the last report and there is another ready to mature in March.