Albuquerque Collegiate Charter School

The board approved budget adjustment requests related to community schools, reviewed the March bank reconciliation and check register, and approved the lease agreement for the 1905 Mountain Rd property. Informational updates were provided regarding facility construction progress, current financial status for the fiscal year, and preparation for the upcoming budget season. The governance committee reported on board member training requirements and presented results from the annual board survey. Additionally, the board received updates on student and staff recruitment efforts for the upcoming academic year and discussed upcoming strategies for fundraising initiatives.

Key discussion points during the meeting included the approval of Budget Adjustment Requests and the February Bank Reconciliation/Check Register. Information items covered the official closing of the loan with EFF and the commencement of mobilization for facilities, presentation of FY26 financials which will be reviewed again in May, the review of the FY25 audit which resulted in two findings requiring correction, and a review of student and staff applications for the 2026-2027 school year, with a lottery scheduled for April 6th. Fundraising goals and the capital campaign were also briefly mentioned.

The meeting began with the approval of the agenda. The primary action item was the adoption of the Foundation Facility Resolution, which had previously been approved by the foundation earlier in the week. The Facilities Update informed attendees that all necessary signatures for loan closing progress were expected to be made on the day of the meeting, with construction mobilization scheduled to commence the week of March 16th and a groundbreaking event targeted for April. The summary also noted that reports from the Finance, Audit, Governance, and Academic Achievement Committees were unavailable.

The meeting included the approval of the agenda and the minutes from the January 16, 2026 meeting. Key action items involved the approval of Budget Adjustment Requests (BARs) and the January Bank Reconciliation and Check Register. Information items covered a facilities update noting a loan closing in early March, a report from the Finance Committee on FY26 financials, and updates from the Governance Committee regarding board member training hours and a recap of the PEC Dinner. The Academic Achievement Committee announced that student and staff applications for 26-27 are open, with a student lottery scheduled for early April. The Director also reported on plans to begin work with Axiom for a capital campaign to identify donors for the new campus.

The meeting included opening business such as the approval of the agenda. Action items addressed the approval of the November Bank Reconciliation and Check Register, and a motion to nominate Nella Domenici for new board membership following a favorable meeting with existing board members. Information items covered reports from the Finance Committee, noting a slight decrease in SEG funding offset by spending cuts and a strong overall fund balance. The Audit Committee had no report. The Governance Committee noted board member attendance plans for the PCSNM Conference. The Academic Achievement Committee announced that student applications for the 26-27 school year are open with a lottery scheduled for April 6, 2026, and staff applications forthcoming. The Director's Report provided updates on the EFF loan request for facilities, which has been approved by the credit committee and is awaiting the full EFF board commitment, with plans submitted to the City of Albuquerque on schedule. Director Rivera also provided an update on the Bellwether SGI presentation in Salt Lake City.