Changed cash position from projections to close year with fewer than 50 days cash to closing with 74 days cash thanks to tightening expenditures and closing pre-development loans
Early sign submission of Consolidated LEA Improvement Plan (CLP)
Successful financing conversations with many lenders to get schools best rates (interest from 4-6 options)
Grows
Volume of work continues to pose sustainability challenges for Exec Team (although we’ve been able to protect time of broader leadership team more than in previous years)
Increased SPED self-contained enrollments create budget challenges (e.g. need to find $150,000 to cover additional MID/autism classroom because of lags in GADOE funding formulas)
Fundraising/capital campaign not yet gaining enough traction
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3 of 4
Operations Report
Glows
Enrollment demand continues to grow, with a 18.6% percent increase in applications when compared to Y1, and a 40.7% percent increase in applications when compared to Y0.
Currently have 502 applications for the 175 seats we opened this year.
Current Enrollment: 405 (Total projected SY 24-25 fully enrolled is 360; we have reached over-enrollment goal)
School very close to being ready to welcome scholars
Early state reporting submission (CPI)
Successful orientation sessions at Exchange Park
Family recruitment & hiring for afterschool program (90 families signed up for 90 total seats; may have to open waitlist)
Grows
Volume of work continues to pose sustainability challenges for Exec Team. Having to de-prioritize some items such as expense categorization.
Increased SPED self-contained enrollments require more over-enrollment to fill gen-ed classrooms.
4 of 4
Principal Report
Glows
Hiring/Staffing:
Two resignations (reading teacher & assistant teacher) + one termination (failure to complete certification requirements)
Reading teacher replaced with returning year 1 founder!
Vacant: three SPED assistant teacher roles (utilizing long-term subs, plus interviewing)
Successful kickoff to Y3 professional development. New staff is really aligned to mission and has jumped into practice.
Humanities revamp led by instructional team and completely removed from Head of School’s responsibilities
Revamped distributed leadership
Grows
(Same) Student Achievement: Scholars have a lot of academic gaps that we are working tirelessly to close. We are proud of Y2 growth, but have to execute that growth year over year, and more consistently across classrooms