Villa Montessori Charter School (4339)

The Board reviewed and approved the FY25 Annual Financial Report (AFR), which showed a total revenue of approximately $9.4 million and expenses of approximately $8.6 million. The Board also reviewed and accepted the FY25 Audit and Compliance Questionnaire, with no material findings reported. Enrollment updates were provided, noting full enrollment at the charter level and a few openings in the private school. The administration is preparing for the upcoming 5-Year Charter Review and ESSER Funds audit. The Board is also preparing for a future Head of School transition and has added four new members.

The board meeting involved the review and approval of federal grant policies and procedures to ensure readiness for potential ESSR fiscal monitoring. The board also reviewed and approved criteria for tuition and fee waivers for the upcoming school year. Additional topics included a discussion on current school events, such as teacher contract preparations and an upcoming staff retreat, as well as an update on the board's strategic planning priorities, specifically regarding board recruitment and leadership transition planning.

The board meeting addressed the review and modification of the tuition and fee schedule for the 2026-2027 school year, aiming to maintain competitive value against other area programs. Key current events included planning for a potential website update, coordinating word-of-mouth referrals, reviewing social media presence, and preparing necessary documents for submission to ASBCS by December 19th. Additionally, the Head of School reported on the upcoming elementary musical, Shrek, and provided an update regarding the passing of a Villa alumni parent, including coordinating support efforts for the family. A change in status for a fundraising and development staff member, Athena Moskoyes, from employee to independent contractor was also noted.

The meeting included discussions and updates on various topics. The annual Ruby Bridges Walk is scheduled, and evacuation plans involving Camelback High School and Los Olivos park were discussed. A food drive is ongoing for the school community, with excess donations going to Saint Mary's Food Bank. Enrollment numbers were reviewed, and plans were made to install a pergola and portable outdoor stage. The board reviewed the Quarter 1 financials, including revenues and expenses, and discussed strategic planning updates, including Board succession.

The board meeting covered several operational and strategic updates. Discussions included a summary of the recent open enrollment period and lottery results for the upcoming school year. Financial reports were presented regarding bond covenant compliance and Q2 financials, with a focus on preparing an analysis of the Debt Coverage Service Ratio. The board received updates on the school's five-year review by the Arizona Charter School Board and various school activities, including upcoming theatrical performances, state testing, and ongoing fundraising efforts through the tax credit drive and auction planning. Strategic planning discussions centered on continuing efforts to recruit qualified board members and establishing a long-term leadership transition plan.