Miles Ahead Charter School
Minutes
Finance Committee Monthly Meeting
Date and Time
Thursday December 12, 2024 at 7:00 PM
Committee Members Present
D. Laguerre II (remote), E. Miller (remote), J. Toussaint (remote), L. Schumpert (remote)
Committee Members Absent
K. Bloxson
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
E. Miller called a meeting of the Finance Committee Committee of Miles Ahead Charter School to order on Thursday Dec 12, 2024 at 7:00 PM.
C.
Approve Agenda and Minutes
L. Schumpert made a motion to approve the minutes from Finance Committee Monthly Meeting on 11-14-24.
J. Toussaint seconded the motion.
The committee VOTED to approve the motion.
II. FY25 Financial - edtec Report
A.
Toni Johnson gave the financial report.
III. Treasurer Report (Finance Committee Member Chair)
A.
Dorian Laguerre gave the Treasurer's Report
This is a cash flow statement for the month of November.
October Ending Balance: $378,346.54
Checks: $73,336
Other Withdrawals: $417,100.65
Deposits: $459,785.92
November Ending: $347,695.81
GA Own Accts.: $10,863.68
TOTAL $358,559.49
IV. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 7:59 PM.
Respectfully Submitted,
E. Miller
BUDGET vs CURRENT FORECAST(OCTOBER)
Total Revenue: $4,520,880. Forecast: $4,411,244. Variance: ($109,636)
Operating Expenses: $4,519,620. Forecast: $4,747,531 Variance: (227,912)
FORECAST SNAPSHOTS:
Personnel ($91,927)- Changes in staffing
State Source: $5,768- QBE Adjustment/ SPED FTE Count update
Supplies($1992) Increase in expendable budget