President Singh announced the opportunity for public comment however none were given.

Ben Mercer presented the financial update on behalf of Adam, noting that the organization is in a stable, consistent financial routine with little month-to-month variation in expenses and revenues.

Cash Balance & Balance Sheet Highlights

• Overall Cash Balance: The overall cash balance is very healthy at approximately $13.8 million.
• Unrestricted Funds: Out of the total cash balance, $9.3 million is unrestricted.
• Payroll Accrual: There is a payroll accrual of $431,000 for February's payroll (to be paid in March), which aligns closely with previous months.

Revenue Sources

• Local, State, and Federal Revenues: All revenue streams remain steady and consistent with prior months.
• Local Revenue Examples: Local funding continues to come from typical sources such as clubs, building rentals, donations, and RFPs.

No questions were raised by the board members.

- See Attached Report

• Nevada Reading Week & Literacy Night: Highly successful elementary events featuring themed dress-up days and interactive parent activities led by Dorado Elementary Principal Jackie Jackson.
• Scholastic Book Fair: Strategically scheduled alongside school concerts to drive parent attendance. Sales increased by roughly $8,000 over last year, and profits were taken entirely in books to restock classroom libraries.
• Festium Week: A unique elective week for grades 6–12 and CSN dual-credit students. It featured diverse, teacher-created pop-up courses (e.g., Lego V8 engines, LeBron James, forensics) alongside a mandatory enrichment block for end-of-quarter catch-up and credit recovery.
• School Leader Council Event (March 10): Hosted at the Rainbow campus by Executive Director Selena Torres, featuring a vendor presentation on instructional leadership. Meetings will rotate campuses every 2–3 months.
• State of the Sector Event: Scheduled for the following morning at the Discovery Children's Museum. Governor Lombardo will speak, and CEO Hulet will be moderating an educational policy panel with a state assemblyman and senator.
• NIAA & Athletics Forum: CSAN is hosting a forum to address athletic placement. Currently, charter schools are grouped with private schools (doubling enrollment numbers for division placement) under the misconception that they recruit. CEO Hulet emphasized advocating for fairness, noting charters operate strictly on a lottery system

CAO Barlow presented on Amplus Academies Cognia accreditation

• Successful Accreditation: The school has successfully achieved accreditation for the next six years through Cognia.
• Process Alignment: The current accreditation process aligns closely with the continuous improvement process used in the school's performance plans, tracking student performance, leadership for learning, academic growth, and proficiency gains.
• Strengths: The report praised the school for high stakeholder trust (from students, families, staff, and the board) and recognized its collaborative leadership.
• Areas for Improvement:
  • Student Agency: Increasing student ownership and capacity to meet the school's mission and vision.
  • Data Analysis Support: Helping teachers better understand and utilize deep data support in the classroom to make immediate instructional adjustments.
  • STEM Proficiency: Enhancing science, technology, engineering, and math proficiency across all levels from elementary to high school. The school is currently analyzing a strong pocket of middle school science performance to see how to replicate it.

Updated Review Style: Unlike past processes that required binders of physical evidence, the current review was completed remotely. The Cognia committee evaluated the school by speaking with board members, families, and staff.

Key Points:

• Tentative Nature: MAST emphasized that this is a tentative budget based on current projections, and updates will be made before final approval in a few months.
• Projected Enrollment & Funding: Enrollment is projected at 2,521 students (an increase of about 81 students from the current year). Per-pupil funding is estimated at $9,484, representing a minor increase of less than 1% (about $68).
• Revenues & Expenses: State categorical revenues (such as Special Education and ELL funds) are projected to remain flat based on state guidance. On the expense side, $500,000 is allocated for new student desks and chairs, and a new debt of approximately $400,000 annually is added for athletic facility bonds.
• Staffing & Financial Health: Most staffing changes reflect standard step increases alongside an additional 3.0 FTE to accommodate enrollment growth. Overall, the budget projects a healthy financial position with an excess of revenue over expenditures of about $196,000

Questions Asked by Board Members

Member Farthing asked if there was any news regarding additional transportation funds from the Department of Education that might be passed through to charter schools.

Answer: CEO Hulet noted that while the school's transportation budget will increase slightly due to the higher student count, they have not received official word on additional allocations yet. 

Member Farthing clarified that the state is currently working on the language and parameters for a funding increase, confirming extra funds are expected for charter schools, though the exact amount remains unknown.

The proposed calendar lines up closely with previous years, maintaining a familiar rhythm for instructional days, breaks, and professional development.

Amplus utilizes an alternative schedule with 172 or 173 instructional days instead of the standard 180. This model meets the state's total required instructional minutes because Monday, Tuesday, and Friday school days are slightly longer to compensate for shorter Wednesdays and Thursdays.

The contract replaces three existing signs (one at the Rainbow campus, two at Durango) with larger, illuminated versions to increase visibility and prominence at night. The logo is also being centered for better visual balance.

The project will be paid for in cash using incoming ERC funds. After a competitive three-bid process, the chosen vendor was selected for offering a competitive price, better scheduling flexibility around playground closures, and stronger technical support for routing roof electricity. Work is slated to conclude by the end of June.

Questions asked by Board Members:

Board member asked for verification regarding the planned increase in the sign's dimensions.

CEO Hulet confirmed that the sign will expand from a 2-foot to a 5-foot height. It was designed to maximize the school face's 50% legal coverage limit.

Secretary St. Jean asked if new signage would also be required or installed on the school's new CEO Hulet noted that no immediate signage is planned for the field itself. However, future goals include adding a field house and potentially a street-visible electronic scoreboard once state funding increases or donations permit.

President Singh announced the opportunity for public comment however none were given.

Board members went over calendar for the next few meeting.