Cheryl presented the amended general operating budget for fiscal year 2022 to the finance committee for review and approval to send to the board to vote.  Cheryl discussed several areas of the budget where there were changes. The largest change from the initial to the amended budget was due to ESSER III Grant. We were not able to have as much flexibility with this grant as we projected during the initial budget, some of the grant was moved to subsequent years.

Cheryl presented the CPF financial assessment report through the end of December to the committee for review. Revenue projections for PCA are at 40.5% but should be at 50% due to grant drawdowns not being able to be requested yet. Overall expense projections are at 45% and categories showing 100% spent such as dues and fees are due to the expenses being a one time upfront expense.  The CPF rating dropped down to 80 due to a large number of one time expenses occurring in November but as the year progresses, this rating should increase.

Cheryl presented the CPF financial assessment report through the end of December to the committee for review. Revenue projections for SCCA are at 38.1% but should be at 50% due to grant drawdowns not being able to be requested yet. Figures in the report are based on the amended general operating budget totals.  Overall expenses are at 42.1%. The CPF rating is still showing at 95.