Welcome and Call to Order

The meeting was called to the order at 2:01 pm by Mr. Thorn.

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.

Approval of the Minutes

Financial Statement

-CD Interest Revenue and Investment Gain is $145,000 which was $0 in FY22. This is very positive for our school.

-The first Daktroniks expense of $400k came out of the budget this year. In addition to staff raises, this Technology expense, and the new phone systems make our cash reserves look lower than normal.

Prestige

https://drive.google.com/file/d/1r-GjMSfGzclPuxgOjcT5XV8UEGAlB-kZ/view?usp=drive_link

https://drive.google.com/file/d/1jHXe0HrMaGvCQbD78dmZRM_RRx_LO12s/view?usp=drive_link

CCSD Per Pupil Allocation

-The new funding model from the state has caused a 10% decrease in funding ($2 million dollars). Historically, this has only happened one other time since 2015.

-We expect things to increase by 4-5% for the next few school years, and we can recoup the loss caused by the formula.

Charter Payment Documents

Field Turf Project Update-

Recommendation from Finance Committee: We recommend to wind down this project and work with our attorney to recoup as much money as possible from Sprint Turf and DCG.

Science Classroom Project Update-

Recommendation from Finance Committee. Look into pausing this project due to our new financial position.

Baseball Pressbox and Batting Cage Project

Recommendation from Finance Committee. Look into completing this project due to its poor condition. We have been working towards this project for the last three years.

Revised FY 24 Budget

Revised Budget:

https://drive.google.com/file/d/1hVYo5epA8GfY2FxUIRT7nQyK9GPKzVpe/view?usp=drive_link

Looking at line items and programs where we can save some money. The goal is to have an amended budget for the 1.22.2024 Board meeting.

ESSER III Spending Plan Revision

For approval. All Capital Projects were removed from the plan (Science Classrooms, Turf Pads, ROTC training pad). This may require Prestige to re-code costs already spent on Atlantic South.

A technology line item has been added to help pay for the spring order of Chromebooks.

Most of the changes in the ESSER III reflect incurred salary costs since the COVID-19 pandemic. (At-Risk counselor, Assistant Principal, Special Education paraprofessionals, Instructional Coach, etc.).

Budget Considerations for FY25 Budget

The plan is to start on a conservative FY25 budget ASAP to get a clearer picture of how we are going to be affected by the upcoming budget shortfall.

The Meeting was Adjourned

The meeting adjourned at approximately 3:25 pm.