Cheryl presented the final version of the amended general operating budget for fiscal year 2021 to the committee. Cheryl informed the committee that total revenue increased from the original version of the budget that we reviewed last month. This is based on amendments to the projected state contributions as well as grants received by PCA. The amended budget also includes revenue from Pre-K as well as the Memorandum of Understanding (MOU) between PCA and SCCA.  Total expense costs increased in the final version due to the approved baseball fence purchase and the purchase of the future central office building.  The amended budget also includes the $1,000 the state intends to give to school staff as a retention bonus.  The amended budget also includes summer school expenses. There is still an overall projected surplus for FY 2021.

Cheryl presented the amended general operating budget for fiscal year ending 2021 to the committee. Cheryl informed the committee that total revenue increased due to the addition of Pre-K revenue as well as grants not previously included. This amended version also includes CARES II funding.  Total expense costs increased due to the purchase of the future central office building and a larger payment towards principal on the school's start up loan. The amended budget also includes the $1,000 the state intends to give to school staff as a retention bonus.  Summer school expenses were excluded from this amended budget, but Cheryl will add these expenses to the budget before presentation to the board. This will be a decrease to the overall surplus.

Cheryl presented the monthly deficit elimination plan for SCCA and requested the committee to approve the presentation of the plan to the board for approval.  Cheryl stated that as part of this deficit elimination plan, SCCA will pay extra money towards their debt.  

Cheryl presented the CPF Financial Assessment report for February and PCA is currently 61% spent on their budget. Areas that are showing overspent will be adjusted once the amended budget is approved by the board.

Cheryl presented the CPF Financial Assessment report for February and SCCA is currently 64% spent on their budget. Areas that are showing overspent will be adjusted once the amended budget is approved by the board.