The first change to the budget vs forecast report was in State Sources with $21,643.  This was the retention bonus supplement received from GaDOE. Because of how the plan was initially rolled out by the governor and GaDoe, the guidelines were not very clear as to who was considered under teachers and eligible staff members.  Thus, the cost to Miles Ahead Charter School was actually $26k.  This decision is in keeping with the action of Cobb County public schools.  Ed Miller made the motion to pay the difference in cost to MACS. Jennifer Toussaint second the motion. The motion passed.

The other change to the forecast vs budget report was -$2k for benefit expenses. This was incurred by multiple new hires in November.

Cash flow is solid.  

Dashboard:

Enrollment is meeting expectations.

CSP Grant is 100% reimbursed

Fundraising is on target at 36%

Days Cash on hand is 54

Peter confirmed that the FY 2025 contains funding for two additional headcount:

         Assistant Principal

         SPED Lead Teacher

November Ending Balance for Truist Account: $567,833.72

Check Withdrawals                                                 81,460.55

Other Expenditures                                               301,806.81

Deposits                                                                 398,161.80

Current Balance                                                  $582,728.06

November Capital City Balance:$23,299.82

Deposits                                           1,278.55

Checks withdrawals.                         732.04

Current Balance.                        $23,846.33

Georgia Own Credit Union Balance: $25,000.

Total cash on hand: $631,574.39

No additional finance concerns addressed at this time.