Ms. Davis reviewed substantial items in the 3/31/21 financial statements.  Revenues have been updated to reflect Title I, Title IV and CARES Act I funding.  Legal expenses slightly above normal due to H1 Visa applications. 

Brian asked some clarifying questions regarding expenses in compensation and operations & plant services.  Lisa explained differences due to cash draws happening August through May while expenses occur 12 months of the year. 
 

Lisa reviewed the FY 2022 proposed budget which follows the previously utilized format.  Budget objectives remain consistent from previous years. 

The FY 2022 budget is based on an assumption of 808 FTEs which is a rolling average of count days.  Per charter petition, maximum enrollment is 824 FTEs.  Optimization of resources remains a guiding priority.  There is more certainty going into FY 2022 than there was going into FY 2021.  The school is projecting approximately $13.4 million in revenues in FY 2022 assuming flat QBE funding from the State of Georgia. 

Compensation is the largest driver of expenses.  WIA remains committed to competitive salaries and benefits in an effort to attract and retain skilled teachers, staff and leadership.  FY 2022 payroll assumes 109 benefit-eligible positions.  Stipend pay is also consistent with APS for additional duties assumed by school staff such as leading extra-curricular activities.