1. Peter Laub from Edtec gave the FY24 Budget vs Forecast with the following results:

                             Forecast                     Current                        Variance

Local Services.    490,475                     740,075                       249,600

State Source.     2,675,786                   2,379,705.                   (296,081)

Federal Source. 1,056,668.                  1,055,718.                          (950)

Total Revenue.   4,222,929.                  4,175,498.                    (47,431)

The State source variance is comprised of 236,081 from 13% holdback from QBE and $60K for 5FTEs for $296,081.

The enrollment headcount submitted for October QBE is 195.  Down from our goal of 200.  It is still a good enrollment.

The overall Dashboard for Miles Ahead Charter is strong with the following indicators:

Enrollment is strong

CSP_ 100% spent by end of month

Fundraising is on track

Days cash on hand increased from 27 in August to 38 in September.

Kolt's Corner:

Kolt advised the finance committee that she wrote a grant proposal to a Private Foundation requesting $400k.  

A priority need for Kolt is a Business manager to take care of the day to day in-house financial needs to free her to do instructional coaching with staff for development.

The before/after care program is going well.  Current total revenue is $12K.

Overall, Miles Ahead Charter School is a strong financial position.

Beginning next month Dorian will be presenting recurring/ non-recurring expenses.

Jennifer Toussaint made a motion to adjourn the meeting. It was second by Dorian.  The meeting was adjourned at 7:50 p.m.