FY25 Net income of $31K was a $90K shortfall vs
approved budget

 Revenue of $29MM was $485k below budget
• Local – additional $100K CSGF grant
• State: Lower enrollment impacting QBE funding
• Federal: Reduced CSP and Title funding
 

Expenses of $2.9MM was $395k lower than budget
• $(257k) Salaries/Benefits – Reflect staffing reductions and terminations not backfilled
• $(115k) Staff Development – reduced PD budget
• $(74k) Technology – reduced due to donated Chromebooks and laptops, removed staff
computer budget
• $(88K) Supplies expenses - lower to reflect the reduced costs of instructional materials
• $116k Facilities: Higher R&M, rent and utilities expense

Net income forecast of $64K is a ($3.9K) variance vs approved budget as expense cuts have offset the projected decline in funding.

• Revenue $(687k) below budget
• State: Lower enrollment impacting QBE funding, added security grant of $47k
• Federal: adjusted Title and IDEA funding based on latest allocations. Adjusted CSP due to
removal of modulars

Expenses $(683k) lower than budget
• $(476k) Salaries/Benefits – Reflect staffing cuts to support lower enrollment
• $(207k) Facilities: adjusted for removal of modulars
• $39.6k instructional costs: added $70k SPED

Cashflow Forecast:

Ending cash balance as of 7/31/25 was $312K which totaled 35 days cash on hand (DCOH)

• Projected end of year cash
balance as of 6/30/26 is $351K or 39 DCOH

• Recommend setting aside $50- $60K per month into the savings account to support the projected decline in QBE funding at the midterm allotment adjustment.

1. Enrollment status- current status & School Attendance
Student enrollment- K 48, 1st & 2nd combined 55, 3rd & 4th combined 26. Carribean class 7. Withdrawals- 2.  Goal of enrollment of 160 due Sept. 26

Student Attendance - Pending and discuss in next meeting. 
Staff Absences (; Flight Captains-7, Co-Captains-4,
Staff support-1, Flight Control-1.

2. Personnel Updates- Updates on staffing and updates regarding professional
development of staff. 23 Flight Crew Members (10 Flight Captains, 3 Co-Captains, 4
Staff Support, 4 Flight Control, 1 Part-time CNA and 1 Part-time Custodian,4 Contractors). Contractors include SLP, School Psych, Gift Contract, OT).  Hired an additional Co-Captain starting today and hiring pending for ESOL Contractor. 

3. Updates on school suspensions/expulsions by grade- Pending and discuss in next meeting.