Approval of Agenda

So that there is agreement between board members on the agenda, and the amount of time spent on the meeting, the board shall vote to approve an agenda for the meeting. To the best of its ability, it will follow that agenda, and allow for the chair to move the board through the agenda as specified.

Public Comment

Our Public Comment period is for members of the public to address the board. Each member of the public may sign up to comment at the meeting, and will be allotted two minutes. The board will listen, but may not directly respond to any comments. Our meetings are open to the public and a matter of public record. As such, if your comment is about a private matter, please contact the board via email, or speak to the board chair privately.

Welcome and Call to Order

The meeting will be called to the order at 6:06 pm by Karen Womack, Board Chair.

The Meeting was Adjourned

The meeting adjourned at approximately 6:16 pm

FY21 Proposed Budget Discussion

Last week deficit on accrual with a positive cash flow with 110 students proposed. Currently we have 90 students each child is funded at about 10,500. Being 241,000 cash flow deficit of 121,000

PPE funds in operations account and loans from last year $315,000. I we do not get to 110 by the first week in October there will be a deficit.

@Pardes Sulaiman how do we document that we are using the PPE load only for payroll so that we are in compliance.

Danny Diaz, the majority of the funds have to be used for payroll expenses with some operations. The period to use the funds has been extended double the time. We can apply for forgiveness and once accepted we can take it off the books or we can either decide to pay it back or it will become a loan at a really low interest rate.

Alina recommends that the Board consider approving with 110 students. There is a really big push marketing push going on now help to make the enrollment numbers.

Danny, we should be able to add another 10-15 students easily because we are doing something that no one else is right now with having the students attending face to face. Kelly has all the Marketing materials needed so she is good to go.

Kelly, I am executing on Marketing and will keep you all updated on the impact.

Meeting Adjourned

The meeting was adjourned at 6:16 pm

The Meeting was Adjourned

The meeting adjourned at approximately 6:28 pm