In attendance: Marion Brooks, Carrie Flowers, Janie Griswold, Linda Karin, Susie Kime, Andrea Partida, Christine Rhoads.
Director's Report (Janie Griswold)
Although the state budget has not been finalized yet, we are anticipating a sizable cut in the budget. Our operating budget comes, in part, directly from the state because we are a state charter. Never before in history have they done a mid year cut; a 3-4% cut is expected. The Annual Appeal did less than ½ of what it brought in last year. The goal for Annual Appeal is $250/family, but we are not close to seeing that goal. We are looking at a $50-60,000 shortfall for HTM for the rest of the school year (that is the 3-4% cut and the Annual Appeal shortage combined). We could pull from the HTM reserve (emergency fund), but looking forward, things will be worse: next year, we face an additional 3-4% cut.
Suggestions: We could have a mandatory Town Hall Meeting, telling the parents of this crisis. We agreed that most parents really have no idea of the problem. At the meeting, we can push the Annual Appeal and the Fund Run. If we increase the number of participating families in the Annual Appeal, and log our volunteer hours, we will be more eligible for grant money. This meeting should take place before the Fund Run, and we can send an email through News You Can Use, through the room parents, and also from Janie.
Treasurer's Overview (Marion Brooks)
After attending the staff meeting on Tuesday, February 10, Marion was able to get four grant requests from teachers, totaling roughly $1550. We have $8200 in available funds. If we give $5000 to Janie (in addition to the Director's money of $10,000), $1550 in grants, we would still have $1600 left, plus $5000 in reserve. Plus, we anticipate some income from the Fund Run in March.
Carrie moved to release the $10,000, and give an additional $5000 to Janie. Christine seconded the motion, and the motion was passed unanimously.
Linda moved to fund the four grants from the teachers, totaling $1550. Susie seconded the motion, and the motion was passed unanimously.
Respectfully submitted,
Carrie Flowers,
Secretary
