 Year to date loss of $1,190,915, including noncash expenditures of $1,047,946. This is an improvement of $121,915 from the year-to-date loss last month, largely due to increases in fundraising.  Assuming fundraising goal of raising an additional $824K is achieved, there is a projected surplus of $95,393, exclusive of noncash expenditures, compared to a budgeted deficit of $14,523  Significant variances to budget include: o Loss in DPI funding of $889,079 due to lower pupil counts. This was increased by $22,261 based on a revised pupil count during our membership audit. o Reduction in Government grants of $151,833, due to reductions in nutrition reimbursements, State subsidies and Title 1. o Decline in tuition and WI Shares revenue at preschool of $92,963 due to enrollment declines. Year-end write offs of tuition receivables is expected to be higher than usual. o Increased projected general expenses of $348,286 due to consulting, legal, accounting, dues, subscriptions and memberships. o Increased projected equipment rental and maintenance costs of $144,153 due to Chiller issues. o Cost savings of $1,397,206 due to reductions in staffing o Staff costs are higher by $81,764 due to additional hiring costs and training.  Cash flow will be fine assuming we meet the donor match and that they pay for the match in early July. DPI paid their 4th installment of $1.2M early on May 31st.  As of June 16th, goal to meet match for 26-27 is now $323,781.