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Board hears budget, audit and facilities updates including three planned projects
Summary
Associate Head of School for Finance and Operations Mike Susi told trustees the school is monitoring food-service and health-care expenses, auditors are in the testing phase with no significant findings, and three facilities projects were outlined with estimated costs (Cutler House $75–95K, Loos Center ~$135K, Academy Building work unspecified).
At the Oct. 22 meeting the Woodstock Academy Board of Trustees received a finance and facilities update from Associate Head of School for Finance and Operations Mike Susi.
Susi reviewed the 2024–25 profit-and-loss figures and said the administration is watching food-service and health-care line items closely. He reported that auditors are in the testing phase of the 2023–24 audit and that no significant issues have been identified to date.
Susi described three active facilities projects and offered cost estimates where available: repairs to plumbing, siding and the roof of the Cutler House estimated at $75,000–$95,000; roof repairs at the Loos Center to be paid from Operating and Loos Center funds at approximately $135,000; and lingering concerns in the Academy Building (landscaping, air handling, and work on front decks) for which a consolidated cost estimate was not included in the minutes. A trustee asked about teacher negotiations; the minutes note that applicable tax credits could be received as early as next week but provide no further detail.
No formal votes were recorded on these items during the meeting; the minutes indicate trustees asked questions and received updates. The Board packet included additional written reports and the October updates list forthcoming events and student recognitions.
