• Month Ended 09/30/2023 with projections of 32 days of total cash on hand and $910,366.00 at month end. We are working to get the correct WADA to accurately project Monthly state payments.
• The revenue-year-end cash balance forecast has decreased to $356,187.
• Expenses – We are reviewing the last three months' spending trend.

The year to date enrollment is 513 for combined students at Kairos middle school and high school.

The year to date ADA is 89.5%.

• Line items for review
  • Staff-related Expenses: We need to reduce this line item. Most of these funds are discretionary and not related to personnel. 
  • Occupancy Services: Working with budget managers to reduce this line item.
  • Student Direct Expense: This is tracking over budget and working with LDR to ensure current expenses are coded correctly.
  • Office/Business Expense: We expect this line item to exceed budget.
  • Transportation: This can change if additional students become displaced, and we must provide transportation. We can also see an increase in cost if we have to send additional students to Logos.

The total budgeted bonus amount was $83,146.00; we paid out $17,167.48 to staff who met their individual goals. We did not meet organizational goals.

Last week of October PTO:

Middle school: 69.4

High School: 10 

Network: 16

School Operations: 24

Network Schools: 0

We lost three staff members in September.

The committee reviewed health insurance options to consider for the upcoming open enrollment.