Previous Forecast             Current Forecast.         Variance

State Source                                       2,437,066                         2,371,332                   (65,735)

The variance for the state source is due to the initial QBE forecast at the beginning of the school year.  With the state's midyear 5mill offset review and summary we over forecasted by 65,735.  This amount will deducted from our monthly QBE payment over three months: April, May, and June.

There was an influx of cash due to the Federal Title 1 and IDEA updated allocation.  

Previous Forecast: 1,055,718. Current Forecast: 1,084,422. Variance: 28,704.

Net total revenue:(37,031). 

There are two new grants:

       Stronger Connection: $30k

       Computer Science Teacher and Equipment and Communication: $2k

Cash Flow is good for Miles Ahead Charter School.

Projected ending cash balance(June 2024):$450K

The finance portion of the CPF is projected to finish with a score of 90.

February Trust Beginning Balance: $509,629.26

Checks Withdrawal                              $54,420.76

Other Withdrawals                               $323,969.58

Deposits                                                $294,781.59

Ending Balance                                     $426,000.51

Georgia Own Credit Money Market:   $100,187.84 

Georgia Own Checking.                          15,095.94

Georgia Own Checking.                          10,005.00

Capital City Checking                             24,208.01( transferring to Georgia Own Credit)     

There is a recurring credit card bill that is on the Truist account that we have no details on.

It has had a wide range of charges since September 23 timeframe, ranging from $800+ to $4300.  Kolt sent a request to Samantha at EdTec to investigate and report details for our review.